Domain registrar offers new auction opportunity with Premium User Auctions.
Dynadot has launched a new option for domain investors to sell their domains through auctions.
The company’s Premium User Auctions allow Dynadot customers to submit their domains for once-a-month auctions.
There are no hidden reserves on the domain names; all domains start at their reserve price.
Uniquely, Dynadot also charges bidders a bid deposit to prevent non-paying bidders. The deposit is 5% or $100, whichever is higher.
The first auction is currently underway and will end on Friday, July 11.
This time, the auction is small, and bidding activity is light. I think that has to do with initial awareness and perhaps domain quality. However, it seems like it could gain momentum over time as more investors submit higher-quality names.
Dynadot charges sellers a 15% commission on the auction sales. Domains must be at Dynadot to be eligible for the auctions.
Source: https://domainnamewire.com/
