Expire.com, a new domain name sales platform has come up where each name starts at $500 on the first day and everyday for the next 5 days, the price goes on decreasing by $100.
So on the first day, the domain name is priced at $500. The second day it is $400, then $300, $200 and $100 on third, fourth and fifth day respectively.
Here is the press press release:
" TurnCommerce Inc., operators of brands NameBright.com (an ICANN accredited domain name registrar), HugeDomains.com (a domain name aftermarket), and DropCatch.com (a domain back-order service) announces the launch of Expire.com, a Dutch-style auction service that will sell between 15 and 30 premium domain names per day on a first-come first-served basis. A Dutch auction is a type of auction where the initial price starts off at a pre-determined amount and is lowered until a bidder accepts the current price.
Expire.com will list valuable domain names at $500, and the price will be lowered by $100 each subsequent day if it does not receive a bid. After an auction starts for $500, and if it does not sell, it will drop in price to $400 on the second day, $300 the third day, $200 the fourth day and $100 on the final day before the auction 'expires'.
Initial inventory of domains will be provided by HugeDomains, which include many high value domain names and are expected to sell quickly.
Andrew Reberry, co-founder of TurnCommerce, Inc., said, "Many domain investors will find some outstanding deals on the Expire.com platform, but you will have to act fast to win these highly sought-after domains."
So on the first day, the domain name is priced at $500. The second day it is $400, then $300, $200 and $100 on third, fourth and fifth day respectively.
Here is the press press release:
" TurnCommerce Inc., operators of brands NameBright.com (an ICANN accredited domain name registrar), HugeDomains.com (a domain name aftermarket), and DropCatch.com (a domain back-order service) announces the launch of Expire.com, a Dutch-style auction service that will sell between 15 and 30 premium domain names per day on a first-come first-served basis. A Dutch auction is a type of auction where the initial price starts off at a pre-determined amount and is lowered until a bidder accepts the current price.
Expire.com will list valuable domain names at $500, and the price will be lowered by $100 each subsequent day if it does not receive a bid. After an auction starts for $500, and if it does not sell, it will drop in price to $400 on the second day, $300 the third day, $200 the fourth day and $100 on the final day before the auction 'expires'.
Initial inventory of domains will be provided by HugeDomains, which include many high value domain names and are expected to sell quickly.
Andrew Reberry, co-founder of TurnCommerce, Inc., said, "Many domain investors will find some outstanding deals on the Expire.com platform, but you will have to act fast to win these highly sought-after domains."
