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The Battle of the Bids Game by Ten-X, launching on April 11, invites CoStar Group customers to engage in a unique auction betting experience. Players can win cash prizes from $100 to $1 million over eight rounds. Participants will estimate property auction prices, accumulating points towards prizes. The game aims to enhance user engagement and visibility for Ten-X while benefiting CoStar clients. This initiative illustrates Ten-X's commitment to innovative customer interaction in the commercial real estate sector.
Positive
Innovative customer engagement strategy through gamification.
Potential for increased product visibility for Ten-X's platform.
Encourages participation from CoStar Group's extensive customer base.
Negative
None.
CoStar Group Customers Have the Opportunity to Win up to $1 Million
WASHINGTON--(BUSINESS WIRE)--
Ten-X – the world’s largest online commercial real estate exchange announces its Battle of the Bids Game. The eight-round game launches April 11th inviting CoStar Group customers to engage with the Ten-X platform in a unique way while having the opportunity to earn cash prizes.
Battle of the Bids allows customers to bet on Ten-X’s auctions. Participants select up to ten properties in each round and bet what they think each will sell for—the closer each bet is to the winning bid amount at the end of the auction, the more points they earn. Across eight rounds, 500 players will win prizes ranging from $100 to $100,000. The Battle of the Bids player that accumulates the most points throughout all rounds will become the grand prize winner and win $1,000,000 plus an additional $100,000 to donate to the charity of their choice.
“As the largest online commercial real estate exchange, Ten-X is always looking for ways to engage with customers to provide the best user experience possible. We’ve created a unique, creative and fun gamification of our business to increase product visibility for our current and future customers: brokers, sellers and buyers – think Fantasy Football for CRE!” said Steve Jacobs, President of Ten-X.
To enter, CoStar Group clients can use existing platform logins to register. For full rules and more information visit BattleoftheBids.com.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information and analytics. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Homes.com offers real estate professionals advertising and marketing services for residential properties. Realla is the UK’s most comprehensive commercial property digital marketplace. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. CoStar Group’s websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada and Asia. From time to time, we plan to utilize our corporate website, www.costargroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
What is the Battle of the Bids Game by CoStar Group?
The Battle of the Bids Game is a gamified auction experience launched by Ten-X for CoStar Group customers, allowing them to bet on auction outcomes and win cash prizes.
When does the Battle of the Bids Game start?
The game starts on April 11.
What can participants win in the Battle of the Bids Game?
Participants can win cash prizes ranging from $100 to $1 million.
How do CoStar Group customers enter the Battle of the Bids Game?
Customers can register using their existing Ten-X platform logins.
How does the scoring work in the Battle of the Bids Game?
Players earn points by estimating auction bids accurately; the closer the estimate to the winning bid, the more points earned.
