A Fusu IDO
[1] 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
[2].
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 [3].
Links:
[1] http://fusu.com/glossary/7
[2] http://fusu.com/glossary/7
[3] http://www.fusu.com/node/172