DAO.EU Purchase Tenders

Published on 17 April 2020

DAO purchase tenders

Nui develops a new feature for the DAO trading platform

From Monday, April 13th, all DAO participants will be able to run their own purchase tenders. DAO Sales and Marketing Manager Richard Klink sees big things for the tender on DAO:

"The DAO.EU purchase tender can be tailored to the specific needs of the company that is running the tender. The main benefits are reduction of the purchasing costs, enhancement of the procurement process and data centralization. We believe the new purchase tender option on DAO is going to provide great outcomes for both buyers and sellers."

This is a great way to signal to the wider market that you are ready for a substantial purchase on a specific product and instantly activates a dynamic and competitive market in which multiple sellers can participate simultaneously.

Once the tender has been completed, simply select which offer or offers you would like to purchase. It’s as easy as that.

Nui CEO, Kevin O’Sullivan summarises the new feature as follows, "This will be a real game changer for all DAO participants, as it will be yet another way that both buyers and sellers to use the online marketplace as an effective price-setting tool."

At Nui we’re always looking for ways to open up new markets and channels for trading. The purchase tender on DAO is just another example of how we’re helping trade for a new world.

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