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I just received this in the mail,
I predicted on NP's that other backorder companies would change their model. Of course I was thinking of SnapNames/Namjet. So Pheenix were the first one to do it. Makes sense, imho.
Pheenix said:3. Public Auctions coming September 19th.
All domains that have multiple backorders on it will now be available for Public Bidding for any backorders being released on or after 2015-09-19.
As a precondition, if someone did not have a backorder on the domain name prior to it going to auction, their minimum bid is at least $59 in order to participate in the auction.
I predicted on NP's that other backorder companies would change their model. Of course I was thinking of SnapNames/Namjet. So Pheenix were the first one to do it. Makes sense, imho.