“We are going to add a feature on site with the name Private Auctions. This will work like if suppose someone forgot or missed to do any back order and domain went to private auction so they will be able to see which private auctions are running and they can place bid with us and we will try to acquire that name under there bid.
If we won name we will charge them same as name sold in private auction + 10% service charges.”
So this is yet another way of front-running an auction, IMO. At scale.
If I entered a private auction, I’m expecting I’m bidding against participants ONLY and not some kind of proxy bidder backed by a group of people to whom you promote this auction.
I can’t believe this shit is happening in the domain industry and being promoted publicly now.
“This will work like if suppose someone forgot or missed to do any back order and domain went to private auction”
@Riz M. maybe you will also create a section called Private Liquidation and list the domains from DNWE as a matter of helping whoever was not able to register there (or got banned)?