Recently, a new auction site Moloyo.com has opened. It has Alexa Rank #2338939. If this website i.e. Moloyo.com becomes a hit then this Alexa rank will improve day-by-day.
Moloyo has been launched this month and their core team members include Rob, Anand, Matt and Jen. Last name of all the four is not available. 
At Moloyo, you can win items like at other penny auction sites as well as you can sell products.
Working of this site is similar to quite simple. Each bid costs $0.75 and when you bid on an item then it’s cost increases by $0.10 and a few seconds are added to the timer clock. If you are the last bidder and timer runs out then you win the item. 
Bids are non-refundable at Moloyo and also they expire after 1 year of purchase.
Also, if you waant to sell on Moloyo you must have verified PayPal account and you must be 18+ years old.
Thanks for the writeup!
Yea, bids are non-refundable in the sense that once you purchase the bids, that sale is final. With that said, if a user bids on an item, and that item doesn’t reach the reserve set by the seller, than those bids are refunded to the bidder. It’s only once the auction meets and or surpasses it’s reserve (set by the seller) that the bids are gone and not returned to the bidder.
You’ve got a “moloyo scam” already? We’ve only been open 1 day
Hopefully you’ll see that we aren’t a scam.
Thanks,
Rob
Moloyo is a very nice site. I’ll definitely give it a try but for now I’m hooked on pennyauction.ca
I win something every few days and if not I can buy the item minus the money used in bids. Excellent site, great customer support, super fast shipping. Best of the best Penny Auction.
Bidlongtime
Wow! That is good!