Announcement on the Launch of the “Domain Release Auction” Feature

Starting from September 3, 2025, GNAME officially launches the “Domain Release Auction” feature. With this function, you can list your domains on GNAME Auctions in just one click. Through open bidding, you gain access to more buyers and higher offers—helping you efficiently monetize and transfer digital assets.

Feature Highlights

1. Batch Listing, Fast & Easy – Easily select eligible domains, batch edit and publish multiple domains for release auctions.

2. Secure Escrow, Worry-Free Transactions – Funds and processes are fully escrowed, safeguarding the rights of both buyers and sellers and eliminating transaction risks.

3. Dynamic Pricing, Flexible Control – Adjust reserve prices during the auction period according to bidding activity to capture the best timing.

4. Transparent & Fair – All auction information is publicly visible, including current price, net proceeds, and closing time—ensuring fairness and clarity throughout the process.

 

I. Feature Access

[Seller] → [Release Auction] (Auction format: User-pre)

Experience now: https://www.gname.com/user#/auction_release

 

II. Release Auction Process

 

III. Release Auction Procedure

1. Submit Auction

Go to [Seller] → [Release Auction], fill in details as required (supports batch submission).

2. Release Settings

Set reserve price, release date, closing time, and cost (optional). Once submitted, the system will verify the domain. Upon approval, it will be published. If rejected, please adjust and resubmit.

3. Waiting for Pre-Orders

After successful listing, you can track status under [Domains in Release]:

Pre-Release: Modifications and cancellations are allowed.

Pre-Order: Modifications and cancellations are not allowed.

If no pre-order is placed, the domain will expire unsold without any failure fee. 

4. Auction Stage

If the domain has pre-orders, it will automatically enter a 3-day bidding period after release.

You can check status under [Domains in Auction]: reserve met/not met, and click to view auction details.

5. Unsold Domains

If reserve price is not met, the domain is considered unsold.

Unsold fee: $1.00/domain for standard users; $0.50/domain for resellers.

Unsold domains can be resubmitted only after 60 days.

 

IV. Settlement

1. A transaction is successful if the final bid meets or exceeds the reserve price.

2. Seller’s Net Proceeds = Final Price – Reseller Commission – Handling Fee. Handling Fee: 15% for standard users; 10% for resellers.

3. Proceeds will automatically appear in your Settlement List. You can process payouts under [Finance Management] → [Settlement].

Example:

Domain *.com final price = $1,000.00

Reseller Commission = $200.00

Service Fee = 10%

Net Proceeds = ($1,000 – $200) × 90% = $720.00

 

V. Important Notes

1. Domain must be managed under GNAME. Please transfer or add domains to GNAME first.

2. Domain status must be normal (not hold/serverProhibited, etc.).

3. Domain registration period ≥ 60 days.

4. Domain expiration ≥ 60 days.

5. Domain must not be listed under Buy-It-Now or Broker sales simultaneously.

 

Thank you for your continued trust and support in GNAME. We will keep optimizing our services to provide you with a more convenient and efficient domain trading experience. Your valuable feedback and suggestions are always welcome!