Auction Instructions
1.
A 20% deposit of the bid amount will be temporarily frozen in your account and will be unfrozen if your bid is outbid by another party.
2.
To maintain auction integrity, if a new bid is placed within 5 minutes of the auction’s conclusion, the closing will be extended by 0-10 minutes or until no further bids are received.
3.
Please note that bids placed in the final 3 minutes are not guaranteed. It is advisable to submit your bid well before this window to account for any potential fluctuations in the auction's end time.
4.
External Bid: These are from users of other platforms. They are submitted without adherence to standard increments, potentially matching the current bid but leading it. This practice is common due to proxy bidding mechanisms on other platforms.
5.
Proxy Bid: If your bid surpasses the current highest, the system will automatically submit it according to your specified increment. You’ll secure the domain with the existing bid unless another bid is placed at which point the system will continue bidding on your behalf up to your proxy limit.
6.
Setting a Proxy Bid: Enter a bid that exceeds the current maximum, and the system will automatically adjust it according to your chosen increment. Any amount beyond your initial bid will serve as your proxy limit.
7.
Remaining time: 'Closing Soon' indicates the internal phase has concluded, though external bids may still be possible. Please remain active until the auction is officially closed.
8.
The bid amount of the domain auction is subject to the one displayed on this page, and the bid from the external platform is not synchronized with our site.
Winning Bid Fee
1.
Upon winning the auction, the system will automatically deduct the winning bid amount from your available balance. Should your balance be insufficient to cover the bid, you are required to settle the outstanding amount within 72 hours. Failure to do so will be considered a breach of agreement.
2.
Once the payment is processed, the domain will be automatically transferred to your account. You will then be able to manage and configure the domain within our system. The domain will become eligible for transfer to another registrar after a 60-day holding period from the date of registration.
Inccident Compensation
While no system is infallible, we strive to mitigate any potential issues. Should a user win a bid but fail to secure it due to technical issues on our platform, we will offer compensation up to a maximum of $100, contingent upon the order amount.
Important Notes
1.
The domains listed in the auction are sourced from reputable external registrars, not from our own inventory.
2.
We assume no liability for any bids lost due to unforeseeable circumstances, such as server power outages, network disconnections, server attacks, or issues with the auction initiator's ability to submit or connect.
3.
Domains are primarily in a pending delete status during the auction, and we cannot guarantee they are not intercepted by third-party software or regional firewalls. You must verify this independently before placing a bid. We will no be held responsible for any third-party interference.
4.
If a transaction is canceled due to issues with the backordered domain or if the auction initiator is unable to submit the domain, we cannot guarantee acquisition post backorder or auction. In such cases, we will not be liable, and the bid amount will be refunded.
5.
Due to the special circumstances of the auction platform, no breach of agreement is allowed on our site. Therefore, you are cautioned to carefully place bid for your budget.
6.
Breach of agreement: We reserve the right to reclaim the domain, deduct the deposit, and freeze your account, including all domains, if you breach the agreement. You must contact us within 3 days; otherwise, we may publicly list all your domains for auction to offset our losses.
7.
Please do not use the domain that won in the auction for illegal websites such as phishing fraud, etc. Once found, we will freeze the corresponding domain and your account, and the fee will not be refunded.
8.
We are not responsible for the transferred domains caused by court or arbitrator, or the domains that deleted by registry due to infringing website, but we can provide you with appeal asistance.
9.
We will not taking any economic and legal responsibilities caused in the auction.
10.
Please do not bid if you are not agree with the regulations, otherwise it cannot be revoked.
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