Dutch Auctions or Reverse Auctions are defined:
A Dutch auction is one of several similar types of auctions for buying or selling goods. Most commonly, it means an auction in which the auctioneer begins with a high asking price in the case of selling, and lowers it until some participant accepts the price, or it reaches a predetermined reserve price. Source Wikipedia
Drop offers after the main drop auction, a Dutch style reverse auction for low contested names starting at $25 and all the way down to just $10 inc GST for expiring domains.
The Reverse Auction for domain names starts right after the end of the main domain auction and start with a Buy Now price of $25 inc. GST and the price reduces down by $1 every 30 seconds till the price drops to only $10 inc GST.
The $10 inc. GST price point is maintained to 2 minutes to the Policy Delete drop time.
As soon as a domain is ordered, it is removed from the list for all other clients. The list of such names is kept private so only the winning buyer will see the names that have been ordered via the Dutch Auctions.
These domains are added to our Drop catch tech and are caught for clients as soon as they become available.
This is a great way to secure domain names that are not highly contested but still be sure to get them and ensure your privacy is maintained.
