START OF PLANS FOR FREE DOMAIN NAME RENEWAL.
06 Apr 2023, 08:19
START OF PLANS FOR FREE DOMAIN NAME RENEWAL 📝
As promised in the previous Townhall, I said I would lay out all the thoughts surrounding free domain name renewal for us to discuss.
Reasoning for renewal:
On-chain diagnostics show a few community members holding a large number of domain names. We want to prevent squatters from holding on to domains in a sense that exploits the community. Which is (1) preventing domain names from being used & (2) stifling the growth of our community - in ways such as not distributing domain names to brands/companies that could help the adoption of domain names globally.
Simple yearly renewals may become a logistical burden for these users and allow domains to be returned to the market. This also advocates for legitimate use of domain names. For those companies or community members that hold domains and really want to keep them, the effort to renew yearly should be minimal. Yet, act as a deterrent for others where the motive is different.
Lastly, domain names registered to wallets whose private keys have been misplaced leads to domain names being lost forever. With a renewal system we have the opportunity to recover these domain names and redistribute them .
Hence why we want to propose rent-free domain name renewal. A process where owners simply signal that they still own the domain and pay a subsequent gas free for the transaction. There is no intent to make a profit but rather to stimulate a healthier domain name ecosystem.
While we discuss, I thought it would be helpful to lay out some plans that we've been discussing for inspiration. Nothing is set in stone except that it will be free domain name renewal 👇
Same news in other sources
206 Apr 2023, 08:20
WEBSITE LAYOUT IDEAS (please refer to images as well):
⚪️ On your profile you would have a specific section dedicated to renewals (see image for descriptions)
⚪️ We can additionally add a section of “Renewed domains”, including a timer to show how long it is before they are due
⚪️ When viewing your domain you will have a “Renewal status” for accessibility
⚪️ Domain name cards can also be flagged to warn you or we can consider adding some sort of timer
⚪️ Of course, the renewal will not be without an embedded notification system. We have many options to explore when it comes to this, Notifi and hashmail being the first choices. This will allow you to receive warnings on Text, Email, Telegram and/or Discord for domain name expiry. There will also be adequate warnings on our UI.
⚪️ We’re considering bulk renew options. Perhaps something like renewing 10 domains at a time
⚪️ Lastly proper documentation for this would for sure be available
WEBSITE LAYOUT IDEAS (please refer to images as well):.
WEBSITE LAYOUT IDEAS (please refer to images as well):
⚪️ On your profile you would have a specific section dedicated to renewals (see image for descriptions)
⚪️ We can additionally add a section of “Renewed domains”, including a timer to show how long it is before they are due
⚪️ When viewing your domain you will have a “Renewal status” for accessibility
⚪️ Domain name cards can also be flagged to warn you or we can consider adding some sort of timer
⚪️ Of course, the renewal will not be without an embedded notification system. We have many options to explore when it comes to this, Notifi and hashmail being the first choices. This will allow you to receive warnings on Text, Email, Telegram and/or Discord for domain name expiry. There will also be adequate warnings on our UI.
⚪️ We’re considering bulk renew options. Perhaps something like renewing 10 domains at a time
⚪️ Lastly proper documentation for this would for sure be available
06 Apr 2023, 08:19
PRELIMINARY IDEA
1️⃣ Yearly rent-free renewal which will only cost gas per domain
2️⃣ Current holders’ renewal could possibly only start in 2 years from implementation
3️⃣ There will be an option for longer-term renewal (3 years max) at a small fee (fixed price for all or slightly higher for rare domains [ie based on character length]). This could be in USD.
4️⃣ Idea is something like you cannot renew a domain within the first 6 months after a new renewal but can so do anytime within the next 6 months
4.1 If you did not renew your domain in time you will get a grace period of +/- 3 months (if you are within these three months you’d need to pay a small fee for renewal)
4.2 If your domain is not renewed, it will go back to the market and be up for registration again. In this case you will not get refunded
PRELIMINARY IDEA. Yearly rent-free renewal which will only cost gas per domain.
PRELIMINARY IDEA
1️⃣ Yearly rent-free renewal which will only cost gas per domain
2️⃣ Current holders’ renewal could possibly only start in 2 years from implementation
3️⃣ There will be an option for longer-term renewal (3 years max) at a small fee (fixed price for all or slightly higher for rare domains [ie based on character length]). This could be in USD.
4️⃣ Idea is something like you cannot renew a domain within the first 6 months after a new renewal but can so do anytime within the next 6 months
4.1 If you did not renew your domain in time you will get a grace period of +/- 3 months (if you are within these three months you’d need to pay a small fee for renewal)
4.2 If your domain is not renewed, it will go back to the market and be up for registration again. In this case you will not get refunded