To provide a system and method for auctioning money on a network.

The method includes: creating a transaction pool, where the transaction pool comprises n terms, n participants, and a contribution amount for each term; receiving a first bid from the a first one of the n participants and receiving a second bid from a second one of the n participants for a selected one of the n terms in the transaction pool; determining at least one bid winner of the selected term of the transaction pool based on the first bid and the second bid; distributing a payment amount to the at least one bid winner of the selected term; and creating an auction certificate for one of the non-bid winners of the selected term.