System and method of providing available items for rent via auctions and real-time bidding for users of platforms operating on a rewards-based, universal, integrated code base

A system comprising:

• a plurality of network-based computer servers;
• a rewards-based, universal, integrated code base operating across the plurality of network-based computer servers for use by a plurality of authorized user devices;
• an auction management module operating on the rewards-based, universal, integrated code base;
• and
• a rental platform operating on a rewards-based, universal, integrated code base with a plurality of other platforms, wherein the rental platform is configured to perform operations comprising:
• identifying an available item for rent and a timing associated with the available item;
• identifying a selection of a price and a date associated with the available item for rent;
• initiating, via communication with the auction management module, a real-time auction to determine an agreed price for renting the available item from a bidder;
• receiving, from a bidder interacting with a bidder authorized user device of the plurality of authorized user devices, a request to enter the real-time auction, wherein the bidder authorized user device is authorized to participate in the rewards-based, universal, integrated code base;
• presenting, based on the request to enter the real-time auction, a bidder user interface on the bidder authorized user device, the bidder user interface having a bid field and a timing object associated with the length of time;
• receiving a bid from the bidder in the bid field of the bidder user interface, the bid being associated with renting the available item;
• receiving the bid at the rental platform;
• and
• iteratively exchanging bids and counter-bids between the rental platform and the bidder until the agreed price is reached for renting the item.

An authorized user device comprising:

• a processor;
• an access component enabling the authorized user device to communication with a plurality of network-based computer servers that operate a rewards-based, universal, integrated code base for use by the authorized user device and a plurality of other authorized user devices;
• and
• a bidder user interface operating on the authorized user device, the bidder user interface being transmitted to the authorized user device from an auction management module operating on the rewards-based, universal, integrated code base and comprising at least a timing object and a bid field, wherein the authorized user device is configured to perform operations comprising:
• transmitting, from a respective bidder of a plurality of bidders, the respective bidder interacting with the authorized user device, a request to enter a real-time auction, wherein a renter using a renter authorized user device initiated the real-time auction by identifying an available item for rent, a price and a length of time the auction is to run, the length of time being indicated in the timing object on the bidder user interface;
• transmitting, to the auction management module operating on the rewards-based, universal, integrated code base, a bid from the bidder in the bid field of the bidder user interface, wherein a renter user interface of a renter authorized user device presents a listing of the bid for the bidder and other bids of other bidders, wherein each respective bid in the listing comprises a respective renter counter object and a respective renter accept object for the renter to select if desired;
• when the renter does not accept any bid from the listing of the bid for the bidder and other bids of other bidders, receiving and presenting, on the bidder user interface, a renter bid back price, wherein the auction management module iterates between a current renter bid back price being received and transmitted to currently remaining bidder authorized user devices and a current bidder bid back price being received and transmitted to the renter authorized user device until either the renter accepts the current bidder bid back price or one of the respective bidders associated with the currently remaining bidder authorized user devices accepts the current renter bid back price;
• and
• when the bidder accepts the current renter bid back price to convert the bidder to a buyer, completing a sale of the available item from the renter to the buyer utilizing a payment process applying one or more of earned rewards by the buyer by interacting with platforms in the rewards-based, universal, integrated code base, fiat currency or cryptocurrency.