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moloyo.com has a rating of 3.6 stars from 9 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with moloyo.com most frequently mention penny auction. moloyo.com ranks 10th among Penny Auction sites.
After reading the reviews here on SiteJabber, I decided to give this site a try. When I went in I didn't find any actual auction information; I registered, thinking that they don't share this information unless you are a registered user. Still no auctions. The page that they provide has links for FAQ and a Wiki, but none of them are working. It looks as if it's closed down or something.
Ahh yes... another penny auction site. One of the literally millions of them out there. If you have just found out about this site, just a warning... penny auction sites are not yet regulated by the FTC, but since they are basically close to a gambling site rather than an auction site you can bet the FTC will eventually get around to it.
A pretty funny article describing how penny auctions are evil business plans here
http://www.techdirt.com/articles/*******/*******113.shtml
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