Cryptocurrency Q&A
Can I buy ENS domain in grace period?
Can I buy ENS domain in grace period?
DigitalLegendGuard
Tue Jun 25 2024
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6 answers
1654
I'm considering investing in ENS domains and have come across the concept of a "grace period" for such purchases. Could you elaborate on this for me? Specifically, I'm wondering if it's possible to buy an ENS domain during this grace period, and if so, what are the key factors I should be aware of? Is there a risk associated with purchasing during this time, and if so, how can I mitigate that risk? Additionally, what are the benefits of buying during the grace period, if any? I'd appreciate any insights you can provide on this matter.
6 answers
ThunderBreezeHarmony
Thu Jun 27 2024
During the grace period, the status of the name is effectively "locked", prohibiting any alterations to its associated information.
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Daniele
Thu Jun 27 2024
This locked state ensures the stability and security of the name record, as it cannot be tampered with or manipulated.
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KatanaSwordsmanship
Thu Jun 27 2024
Any attempt to transfer the ownership of the name, for example, would be rejected by the system.
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CryptoGuru
Thu Jun 27 2024
This is because the name is considered to be in a transitional state, awaiting its next valid and current expiration date.
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SkylitEnchantment
Wed Jun 26 2024
Only once this future expiration date has been reached and validated can the name be unlocked and modifications made.
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