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VeriSign intends to auction deleting domains
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In September 2004 both Network Solutions and Tucows announced that they were going to go into the auction business for expired domain names. See http://www.icann.org/announcements/announcement-21 sep04-1.htm
In effect expired domain names will remain with the registrar and auctioned off by them to the highest bidder. Tucows proposed giving 80% of the proceeds from the sale to the original registrant, NSI proposed 20%. I wondered how this would effect companies like Snapnames when I read this.
After the advisory posting on ICANN's site there hasn't been any more said about this...until now that is with Verisign's announcement. Be interesting to see where this leads...
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