Cryptocurrency Q&A
Can you buy an expired ENS domain?
Can you buy an expired ENS domain?
SumoStrength
Wed May 29 2024
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6 answers
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Could you please clarify for me, is it still possible to purchase an expired ENS domain? I've heard rumors that they might be up for grabs at certain times, but I'm not entirely sure about the process or if it's even feasible. Could you enlighten me on this matter? Are there any specific steps or considerations I should be aware of before attempting to make such a purchase? Additionally, are there any risks involved in buying an expired domain, and how can I ensure that the transaction is secure? Your expertise in this area would be greatly appreciated.
6 answers
CryptoWizard
Fri May 31 2024
After an ENS name expires, it enters a Grace Period lasting 90 days. During this time, the name remains inactive and unavailable for registration.
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HanbokGlamour
Fri May 31 2024
Once the Grace Period ends, the expired name transitions to a Temporary Premium Auction. This auction is open to all interested parties, allowing anyone to participate.
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Daniele
Fri May 31 2024
The Temporary Premium Auction is a competitive bidding process, where bidders compete to acquire the expired name. The auction is conducted in a transparent and fair manner.
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SumoPowerful
Fri May 31 2024
Attached to the name during the auction is a Temporary Premium Fee. This fee is applied to the winning bidder as an additional cost for acquiring the name.
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CryptoTitaness
Thu May 30 2024
The Temporary Premium Fee remains in effect for a period of 21 days. During this time, the winning bidder holds exclusive rights to the name and can use it as desired within the ENS system.
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