Domain Auctions/Backorders: Hunting for Treasures

domain auctions

Introduction

In the digital universe, domain auctions and backorders represent a true treasure hunt.

Every second is crucial in this race to secure sought-after and prestigious domain names. It’s a game of speed and cunning, where quickness in making a bid can mean capturing a domain of invaluable worth.

Each won auction and successful backorder is not just a triumph, but an opening to a digital realm of boundless opportunities.

Welcome to this thrilling world, where every choice can swing open the doors to an imaginable future.

domain auctions

Summary

– Every Second Counts: The Art of Winning Domain Auctions

– Backorders: Conquering the Perfect Domain Name

 

Every Second Counts: The Art of Winning Domain Auctions

In the world of domain auctions, every single second counts. Like a fascinating digital chess game, the art of winning a domain at auction is a blend of strategy, timing, and pure adrenaline. Picture yourself sitting in front of the computer, eyes fixed on the screen, as the seconds inexorably count down to the end of the auction.

The landscape of domain auctions in 2023 is rich and varied. With over 2.15 million new domains entering auctions each month. GoDaddy leads with 1.3 million domains, followed by NameCheap with 600,000. Dynadot, Sav, and Sedo add another 256,000 domains collectively. This huge volume not only testifies to the vibrancy of the market but also opens the door to countless opportunities for those who know how to seize the moment.

Here’s where the game is played: in the ability to capture those unique and immensely valuable domains. We are discussing domain names that include highly popular keywords like “Bet”, “Shop”, “Pay”, “NFT” “Casino”, “Home”, “AI“, “Travel“, “Crypto” and “Buy“. Their popularity is evidenced by Sedo’s 2023 statistics, where these keywords are the most searched, with “Bet” leading at 10%.

But how does one win in this frenetic market? The key is patience, coupled with quick decision-making at the crucial moment. You need to keep an eye on the desired domain, carefully assessing its potential and the right time to make an offer. Some prefer to enter at the last moment, hoping to surprise the competition with a decisive bid. Others follow the auction attentively, incrementally increasing their bid step by step.

It’s a game of nerves, skill, and sometimes, luck. But for those who manage to win, the prize can be a domain of immense value, which can transform into a crucial digital asset for a business or personal project. With the right combination of patience, strategy, and courage, even the most coveted domain can become a reality.

domain auctions

Sources: https://expireddomains.net | https://www.sav.com | https://sedo.com/us/buy-domains/market-trends/

Backorders: Conquering the Perfect Domain Name

In today’s digital ecosystem, domain backordering emerges as a clever and essential maneuver, particularly for businesses and individuals aiming to secure specific and prestigious domain names.

Only DropCatch has generated over 16,000 completed backorders in 2023, and all this illustrates a landscape of growing demand and intense competition for backorders. It’s like a digital treasure hunt, where the prize is a domain name that can determine the fate of a company or an individual.

Imagine yourself at the edge of a frenzied auction, where backorder services offer clients the opportunity to “reserve” a domain on the verge of expiring. If the current owner doesn’t renew, these services act swiftly to snatch it up. But, as in any race, victory is never guaranteed – the competition is fierce, and often multiple services scramble for the same domain name.

The pricing strategy for these backorder services involves a minimum initial cost, typically under 100 dollars, plus the auction bid if other contenders join the fray. It’s an endeavor to secure the desired domain first, before anyone else.

To increase their chances, many simultaneously use multiple backorder services, such as DropCatch, GoDaddy, SnapNames, NameJet, and Park.io. This tactic boosts the chances of success, though it doesn’t completely eliminate the risk of failed capture. However, there’s a consolation: if the domain capture fails, the service fee is not charged.

Backordering is emerging as an increasingly popular strategic tactic, a refined and calculated dance in the digital arena, highlighting the immense importance and value of domain names in the world of the web.

domain auctions

Source: https://namebio.com

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Accordingly to the day when you will finalise your purchase, you have the right to receive from 1 to 3 NFT Domains for FREE!

Once you have completed your order, within 48h you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain/s.

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How does it work?

Once you have completed your order, you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain value $50 or if you’re lucky a randomly assigned TLD with value $699 (between these: .immersive; .multiverse; .freelancer; .cashback; .hologram)

you can chose on which blockchain you want to mint your NFT Domain/TLD on and minting fee is covered by Freename!

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Why do i Need a Wallet?

Freename domains are blockchain-based assets and would be minted and stored using a wallet. Users are required to mint and manage their domains using a Metamask or Coinbase-configured wallet. It must be a non-custodial wallet, meaning that one must own the private keys to the wallet in order to approve transactions via a signature.

To benefit from Freename Web 3 domains/TLDs, you must have a wallet. This is because Web 3 domains/TLDs are blockchain-based assets. Users can mint and manage their domains using Metamask or Coinbase-configured wallets.

Keep in mind that it must be a non-custodial wallet. You own the private keys to the wallet (in order to approve transactions via a signature).

Are the Domains Associated with ICANN?

ICANN does not manage freename.io domains. Freename.io believes their TLDs/domains must allow customers to operate independently. Freename.io wants to build a utility infrastructure, allowing customers to use their services for valuable and generative purposes. By leveraging blockchain technology, Freename Web 3 domains/TLDs have no centralized authority imposing rules and regulations.

What is a Wallet?

Every blockchain user requires a wallet in order to interact with the network. A wallet is essentially an account on the blockchain where transactions can be sent and received. It is also where one can store blockchain assets such as cryptocurrency or NFTs (non-fungible tokens). There is no personal information associated with a wallet and none is required to create one. A wallet consists of a public key and a private key. The public key can be safely shared with anyone who wishes to send assets to the corresponding wallet, however, the private key should not be shared and is the key to accessing the wallet in the event where access is lost or to create another instance.

A crypto wallet (cryptocurrency wallet) is software or hardware that enables users to store and use cryptocurrency. With cryptocurrencies, there isn’t any actual money to carry around in a wallet. They exist on the blockchain. Similarly to traditional bank transfers, crypto wallets enable users to send and receive cryptocurrencies, NFTs, etc.

A wallet consists of a public key and a private key. To receive assets, you share your public key associated with your wallet. You should NEVER share your private key.

How do i Claim my Earnings from Freename

ou can withdraw revenues generated passively through a cryptocurrency transfer. Connect your cryptocurrency wallet and, once your withdrawal request is confirmed, the desired amount is pulled from Freename’s reserves and conveniently delivered to you!

Claim your earnings by following these steps:

  1. Connect your cryptocurrency wallet to Freename.io
  2. Request a withdrawal
  3. Receive request confirmation
  4. Receive withdrawal directly to your wallet.

Can i Transfer Domains?

Yes. The domain is stored in your cryptocurrency wallet and can be transferred by you after you have minted it. Access your portfolio, select the TLD or Domain you wish to transfer and type the recipient’s address. Afterwards, you must paste the OTP code you received by mail to confirm the transaction. Keep in mind that currently, it is not possible to import the domain that has been transferred, but it will be possible soon!

Yes. Domains are transferable ONLY after a TLD/domain has been minted and stored in a user’s wallet.

To transfer the TLD (or domain), the user must:

  • Access their wallet
  • Select the item they want to transfer
  • Enter the recipient’s address.
  • Confirm the transaction by pasting the OTP received by email

In the future, Freename.io will support importing domains that have been transferred.

What about Trademarks?

Registering a trademark on your Freename Web3 TLD will allow you to protect your web3 TLD and your logo worldwide juridically.

From the moment you deposit a trademark request, your web3 TLD will be protected worldwide for 6 months awaiting for the Swiss Federal Institute of Intellectual Property (IGE.ch) to confirm and register the availability of your TLD.****

A trademark is any symbol, phrase, or word that allows customers to identify a company’s goods or services. Freename is a web3 domain/TLD provider that also provides trademark registration.

A user must reach out to the trademark department to register a trademark. To get your trademark filed for review at the Swiss Federal Institute of Intellectual Property, a user must provide the following:

  1. Complete a Know your customer (KYC)
  2. A list of TLDs they wish to trademark
  3. Proof of payment

Once these conditions are met, it takes one week for the trademark to be reviewed and logo/TLDs to be provided with six months of worldwide protection.

Is Minting the same as Buying?

Purchasing a TLD (or domain) on Freename and minting it on the blockchain are two distinct steps. When you purchase a TLD (or domain), the transaction is recorded in Freename’s database and not on the blockchain. Minting a TLD (or domain) on the blockchain requires a second step: log into the user’s personal area, select the TLD (or domain) and press “mint TLD” (or domain): done! Don’t worry, once you have purchased a Freename domain, no one can take it away from you!

No. Buying and Minting a TLD/domain are two different things.**

Buying **is the process of recording a transaction on Freename’s database and not on the blockchain.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full control over the TLD/domain.

It is very easy to mint a domain/TLD once you purchase it. Simply:

  • Log into your personal area
  • Select the TLD (or domain)
  • Press “mint TLD” (or domain)

What is Domain Minting?

Minting is the process of publishing a Freename domain (or TLD) on the blockchain via your wallet to gain full custody of the domain. This means that the only person that has control over the domain (or TLD) is the person who controls (has access to) the wallet.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full ownership over the domain.

Minting on Freename.io is as simple as the following steps:

  1. Go to the Freename.io website
  2. Enter the TLD/domain you want to buy in the search bar
  3. Add the TLD/domain to your cart
  4. Go to checkout
  5. Create a Freename.io account
  6. Purchase the TLD/domain with cryptocurrency or a credit card
  7. Go to “portfolio and incomes.”
  8. Click on mint TLD/domain

Which domains are Protected?

Protected domains and TLDs are domains and TLDs that we’ve detected are associated with a brand, organization, or notable person. We believe it is important to increase adoption for the next generation of the internet by helping to onboard brands into the Web3 era. If you are interested in applying for a Protected domain, please contact us.

TLDs/Domains associated with a notable person, brand or organization are considered Protected Domains. Protected domains help onboard brands in Web 3 increasing adoption. Protected domains also protect users from others impersonating/stealing their domains.

Reach out to Freename.io to apply for a protected domain.

Why use Freename?

Freename domains are unique by their very nature: only with Freename you can register domains with unique TLDs for your digital identity while passively earning money!

Freename.io is not only the leading TLD and Domains platform in Web 3, but also lets users generate passive income!

Owning a Freename Web 3 TLD entitles users to receive passive income whenever a domain is bought on their TLD. Users can register and mint TLD/domains of their choice if available.

What is a Domain?

A domain name is a string of letters and/or numbers that points to the IP address of the corresponding website. Generally, it is easier to remember a name than a long string of numbers.

A domain name is an address that people type into a browser bar to find a website. It consists of a Top-Level Domain (TLD), everything that comes after the dot, and the Second-Level Domain (SLD), everything that comes before the dot.

For example, “Freename.io” is the domain name, “Freename” is the SLD and “io” is the TLD.

Which Chains are Supported?

Freename has a multi-chain approach. You can choose on which Blockchain to mint your Web3 Domains and TLDs ranging Among Polygon, Cronos, and Binance.

A user can mint a Freename.io domain/TLD on the following blockchains:

  • Polygon
  • Cronos
  • Binance

Freename plans to expand its multi-chain approach by adding blockchains upon which domains can be minted.

Are there Renewal Fees?

No! Once you’ve bought a Freename Domain or TLD, it’s yours forever, no renewal fees ever!

No. There are no renewal fees on Freename.io. Once a user has paid a one-time payment for a domain/TLD, they own it. Forever.

This is the significant advantage of Web 3 domain/TLD over traditional alternatives.

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