What is a Fusu IDO Auction?

A Fusu IDO Auction is the process of auction that allows the allocation of shares and the finding of an initial share price before an Initial Domain Offering.

In a Fusu IDO Auction, users bid to buy shares of a domain at a certain price.

Here is an example: A domain owner lists 45% of domain.com at Fusu with an initial domain value of $10,000. A user could then say that he or she is willing ot buy 100 shares of a domain at $1 per share. If all shares (4,500 in the example) can be placed using this auction process, then the domain will be listed on Fusu.

A graphical illustration of this concept can be seen in our Flash Tour.