- Impact
- 3,434
Hi All,
A specific auction group has been formed for .in and .co.in to facilitate and promote transaction of .in domains.
Next auction to be held on Sunday 18/9/2016 , last date for submission 16/09/2016.
Result of first auction are as follow:-
1. wum.in = 240$
2. mou.co.in = 30$
.IN MARKET AUCTIONS RULES
1) .in Market auctions announcement:
Hours: Sunday 16:00 UTC
Language: English
Currency: $
Payment methods accepted: Paypal, Escrow, DN.com
Accepted Domains Type: NNN, LLL, NNNN, keywords for extensions .in and .co.in,
Free/no fees for beta version.
————————————————————————————————————
2) Domains submission rules:
2.1) Before each Friday 16:00 UTC if you want to be in the next auction (2 days later)
2.2) Form to be filled and sent for validation to Auctions moderators (Mike , Sunny and Shay):
Domain name:
Meaning/comment (max 100 characters):
Registrar:
Expiration date:
Reserve Price: Yes (amount in $ ?) / No
Registrant full name:
Registrant email:
Registrant phone number (including international extension):
Accepted payment methods (Paypal, Escrow, DN.com):
2.3) A maximum of 3 domains per participant and per auction can be submitted for validation.
From these 3 names, only 1 may be selected for auction.
Reserve price must be set in accordance to the current market value (not too high).
Domain status must not be ‘TRANSFER PROHIBITED’.
Domain must be removed from all other marketplaces.
Reserve price and comment can’t be modified after submission of the form.
A total of 20 domains maximum are allowed for each auction.
———————————————————————————————————–
3) Bidding rules
3.1) Time limits
Each domain is open for bidding during 3 minutes (‘open bidding period’).
A final countdown of 10 seconds starts at the end of the open bidding period of 3 minutes.
If someone bids during the final countdown, it restarts from 0 and so on until no bid occurs.
3.2) Legal aspects
Each bid is a binding legal agreement.
In case of illegal behaviour like (but not limited too):
Collusion between bidders,
Bids suppression,
Phantom bids,
Shill biding,
participant is definitely excluded and his identity is made public to the whole community.
Auction for the name is cancelled in this case and rescheduled for next session.
Whois evolution of all auctioned domain names will be closely monitored during 12 months after the auction.
3.3) Minimum bidding increments
$0 – $100 : $5
$101 – $1.000 : $20
$1.001 – $10.000 : $50
> $10.000 : $100
————————————————————————————————————
4) Payment and domains transfer:
4.1) Different payment methods from those proposed above (Paypal, Escrow, DN.com) can be used, if bothbuyer and seller privately agreed.
4.2) Escrow fees
Sellers are responsible for paying all transaction fees, for sales price below 200, the fees outside of regular paypal fees are paid buy the buyer. For transactions above 500 USD, escrow is recommended.
4.3) Payment
Payment from the buyer to the seller must be performed within 48 hours after the end of the auction.
After this delay, buyer is considered in a non-payment state and contract between buyer and seller is considered broken.
A 5% compensation fees of the domain final price must be given by the buyer to the seller,
or buyer is definitely excluded and his identity is made public to the whole community.
4.4) Transfer
Domain Name Push/transfer should be started within 48 hours of payment completion and ideally transfer shouldbe completed with in 5 to 7 business days as is the case with some registrars.
After this delay, contract between buyer and seller is considered broken. Money back must be performed, increased by a 5% compensation fees of the domain final price, or seller is definitely excluded and his identity is made public to the whole community.
Spread the love
For details regarding the auction rules and updates kindly ping me.
A specific auction group has been formed for .in and .co.in to facilitate and promote transaction of .in domains.
Next auction to be held on Sunday 18/9/2016 , last date for submission 16/09/2016.
Result of first auction are as follow:-
1. wum.in = 240$
2. mou.co.in = 30$
.IN MARKET AUCTIONS RULES
1) .in Market auctions announcement:
Hours: Sunday 16:00 UTC
Language: English
Currency: $
Payment methods accepted: Paypal, Escrow, DN.com
Accepted Domains Type: NNN, LLL, NNNN, keywords for extensions .in and .co.in,
Free/no fees for beta version.
————————————————————————————————————
2) Domains submission rules:
2.1) Before each Friday 16:00 UTC if you want to be in the next auction (2 days later)
2.2) Form to be filled and sent for validation to Auctions moderators (Mike , Sunny and Shay):
Domain name:
Meaning/comment (max 100 characters):
Registrar:
Expiration date:
Reserve Price: Yes (amount in $ ?) / No
Registrant full name:
Registrant email:
Registrant phone number (including international extension):
Accepted payment methods (Paypal, Escrow, DN.com):
2.3) A maximum of 3 domains per participant and per auction can be submitted for validation.
From these 3 names, only 1 may be selected for auction.
Reserve price must be set in accordance to the current market value (not too high).
Domain status must not be ‘TRANSFER PROHIBITED’.
Domain must be removed from all other marketplaces.
Reserve price and comment can’t be modified after submission of the form.
A total of 20 domains maximum are allowed for each auction.
———————————————————————————————————–
3) Bidding rules
3.1) Time limits
Each domain is open for bidding during 3 minutes (‘open bidding period’).
A final countdown of 10 seconds starts at the end of the open bidding period of 3 minutes.
If someone bids during the final countdown, it restarts from 0 and so on until no bid occurs.
3.2) Legal aspects
Each bid is a binding legal agreement.
In case of illegal behaviour like (but not limited too):
Collusion between bidders,
Bids suppression,
Phantom bids,
Shill biding,
participant is definitely excluded and his identity is made public to the whole community.
Auction for the name is cancelled in this case and rescheduled for next session.
Whois evolution of all auctioned domain names will be closely monitored during 12 months after the auction.
3.3) Minimum bidding increments
$0 – $100 : $5
$101 – $1.000 : $20
$1.001 – $10.000 : $50
> $10.000 : $100
————————————————————————————————————
4) Payment and domains transfer:
4.1) Different payment methods from those proposed above (Paypal, Escrow, DN.com) can be used, if bothbuyer and seller privately agreed.
4.2) Escrow fees
Sellers are responsible for paying all transaction fees, for sales price below 200, the fees outside of regular paypal fees are paid buy the buyer. For transactions above 500 USD, escrow is recommended.
4.3) Payment
Payment from the buyer to the seller must be performed within 48 hours after the end of the auction.
After this delay, buyer is considered in a non-payment state and contract between buyer and seller is considered broken.
A 5% compensation fees of the domain final price must be given by the buyer to the seller,
or buyer is definitely excluded and his identity is made public to the whole community.
4.4) Transfer
Domain Name Push/transfer should be started within 48 hours of payment completion and ideally transfer shouldbe completed with in 5 to 7 business days as is the case with some registrars.
After this delay, contract between buyer and seller is considered broken. Money back must be performed, increased by a 5% compensation fees of the domain final price, or seller is definitely excluded and his identity is made public to the whole community.
Spread the love
For details regarding the auction rules and updates kindly ping me.
