Cryptocurrency Q&A
Can you buy expired ens?
Can you buy expired ens?
ShintoSanctuary
Tue Jun 25 2024
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6 answers
1076
As a seasoned practitioner in the realm of cryptocurrency and finance, I'm curious about a particular aspect of the ENS system. Can you elaborate on the feasibility of purchasing expired ENS domains? I understand that ENS stands for Ethereum Name Service, which essentially allows users to map human-readable names to Ethereum addresses. However, with the dynamic nature of digital assets, I'm wondering if there's a process or mechanism that allows for the acquisition of domains that have expired. This could potentially be an interesting opportunity for investors or domain speculators alike. So, to put it simply, is it possible to buy expired ENS domains, and if so, what are the steps or considerations one should make?
6 answers
Enrico
Thu Jun 27 2024
The Temporary Premium Auction is a public event where individuals and entities have an opportunity to acquire the expired ENS name.
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Daniele
Thu Jun 27 2024
A Temporary Premium Fee is attached to the name during the auction period, serving as an additional cost for potential buyers.
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DigitalDukedom
Thu Jun 27 2024
Once an ENS name has expired, it enters a Grace Period, during which it remains inactive.
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EnchantedNebula
Thu Jun 27 2024
The Temporary Premium Fee remains in effect for a duration of 21 days, giving ample time for interested parties to make a decision.
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CryptoTitaness
Thu Jun 27 2024
During this Auction, anyone can participate and bid for the expired ENS name, with the highest bidder securing the name upon the conclusion of the auction.
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