Release Auction Seller Rules

I. Release Auction Transaction Type Description

    Release Auction is a domain transaction type of our company. Domains of this transaction type can be synchronized to external partner platforms, with high exposure and high transaction prices, suitable for listing relatively premium domains. When listing, a reserve price must be set and there is a minimum reserve price requirement. If the final auction price is higher than the reserve price, the transaction is completed.List Release Auction>>

II. Release Auction Fee Description

    1. Domain transaction fee: Gold Card members 12%, non-Gold Card 18%

    If a Release Auction domain is sold, an auction fee and 1-year renewal fee will be charged. The domain auction fee percentage is related to the user's account type. For non-Gold Card users, the domain auction fee percentage is 18%; for Gold Card members, the domain auction fee percentage is 12%.Apply for Gold Card membership>>

    2. Domain failed auction fee: 10 yuan/domain

    If a Release Auction domain fails to sell (the domain is not sold, including no bids and failure to reach the reserve price), a failed auction fee of 10 yuan/domain will be charged.A failed auction domain can only be submitted to Release Auction again after 90 days!It is recommended to set a reasonable reserve price based on the domain cost and market price, combined with your own minimum acceptable price, to improve the domain transaction rate.

III. Auction Transaction Price Description

    1. Release Auction Transaction Price: After the auction closes, please refer to the [Current Auction Price] in our Release Auction Management list.

    Because the bidding rules of each partner are different (some have preferential policies such as major customer discounts or gold medal rebates), the prices displayed on other websites may not be synchronized with our company. Please refer to the price displayed in our list. Final settlement will be based on the actual amount paid by the buyer on the corresponding platform.

    2. Setting a reasonable reserve price can improve the domain transaction rate

    If the reserve price is set too high, it is likely to fail to sell, increasing the risk of a failed auction, and a failed auction fee of 10 yuan/domain must be borne.

IV. Auction Revenue Calculation Method

    Auction revenue = transaction price - fee - 1-year renewal fee

    Example: Take a domain transaction price of 1,000 yuan as an example

    According to the Release Auction fee rules, non-Gold Card users are charged 18% of the actual transaction price as a fee, and Gold Card members are charged 12%. Combined with the renewal price (see the table below), the renewal fee for the .com suffix is 82 yuan/year. Therefore, your final revenue is:

    Non-Gold Card users fee rate is 18%, final revenue is:1000 - (1000*18%) - 82 = 738 yuan

    Gold Card members' fee rate is 12%, final revenue is:1000 - (1000*12%) - 82 = 798 yuan

V. Supported suffixes and corresponding reserve price and renewal price description (only English domains can be listed)

[Note] Due to factors such as registry costs and exchange rate fluctuations, the renewal prices in this document are for reference only. The actual renewal price at the time shall prevail.

VI. Release Auction Listing Rules

1. Listing Rules

Supported domain suffixes for listing: .com/.net/.cc/.tv/.org/.cn/.vip/.top English domains

Reserve price is required and must be greater than the minimum reserve price (see the table below).

A failed auction domain can only be listed in Release Auction again after 90 days. Therefore, it is recommended to set a reasonable reserve price to improve the domain transaction rate.

The auction closing time must be at least 8 days from the listing date. Three days before the closing time is the bidding period, and three days before that is the reservation period. If not filled in, it defaults to the nearest closing date.

2. You must ensure that the listed domain can definitely be delivered, if delivery cannot be completed due to the seller, a penalty of 100% of the winning bid amount will be deducted. It is recommended to remove the listing from other platforms during the sale period.

3. Release Auction only supports domains managed at 西部数码. If you want to list a domain from another platform in Release Auction, you can use the External Warehouse Entry function to warehouse the domain with our company and then list it.Submit for warehouse entry now>>

4. If a domain meets any of the following conditions, it does not support listing in Release Auction, including but not limited to:

Firewall-blocked domain

Domain on hold

Domain on the ICP filing blacklist

Domain newly registered for less than 53 days

Domain less than 60 days after registrar transfer transaction

Domain less than 90 days after failing auction on this site

Domain with less than 30 days until expiration

Domain with infringing or violating content

Godaddy's .cn domains

5. If the auction ends but the buyer defaults and fails to pay the balance, causing the transaction to fail, the transaction is canceled and the domain is returned to the seller's account. The system compensates the seller with 3% of the winning bid as compensation, with a maximum compensation amount of 200 yuan.

[Note]

The above rules our company has the right to adjust according to business development needs, in practice, please refer to the latest announcements on our official website and the latest rules on the relevant function pages. The final right of interpretation belongs to our company.

If there are changes, our company will promptly publish announcements or notices (usually through dynamic pages on our platform, management page descriptions and prompts, etc.). Please pay attention to check.