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View Full Version : TBR: Minimum Opening Bid


admin
04-22-2008, 07:39 AM
As most of you have already noticed, a new feature has been implemented for the TBR system.

When you order a TBR domain name, you will be asked to specify a Minimum Opening Bid. It was called "Initial Bid" during our trial last 2 runs. Because of confusion with the Proxy bid, it will be called "Minimum Opening Bid".


This is the minimum price you would like to pay for the domain name if you are the only bidder for it. If there is more than one registrant interested in the domain name, auction starting price will be the highest Minimum Opening Bid specified for that particular domain name.

TBR domain queue will be ordered according to the number of interest as well as the Minimum Opening Bid amount of the domain name.

We believe this feature will be helpful to registrants if they have a domain name they have special interest by increasing the chance of us registering it for him/her.

For example: the domain aa.ca will be released.

Registrant 1 specifies $25.00 as the Minimum Opening Bid.
Registrant 2 chooses $100.00.

This will pump the domain name order up in our TBR queue and increase the chance of us registering it.

If we register this domain name, it will be listed on the auction with the starting bid price of $100.00

Explanation for starters:

Domain names are released on the first Wednesday 02:00 PM EST, following 30 days of expiry.

- Registrars can register these domains on first come first served basis.
- Registrars prepare domain name queues based on the priority of the domain name specified by the value of the domain name.
- Earlier the request is sent, higher chance of registering the domain name.
- By specifying the Minimum Opening Price, you will help us to specify the positioning of the domain name.