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ionestep.com

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Rules for Purchasing and Selling Brand Domains and Handles
(2024.12.30)

  1. Purchasing a Property:

    You can buy a Brand Domain or Brand Handle ("Property") for a flat fee of US$6.00.

  2. Setting a Selling Price:

    Set a selling price known as NYP (Name Your Price).

  3. Bidding Process:

    Interested parties place a bond with the platform to indicate their interest in purchasing at the NYP.

  4. Decision Period:

    Once a bond is placed by a bidder, you have 3 calendar days to decide whether to:

    • Sell the Property at the original NYP.
    • Pay a penalty (e.g., 20% of the NYP bond) and continue to own the Property.

  5. Receiving Payment:

    If you accept the offer, you will receive the full NYP amount minus the transaction fee and the commission rate set by the platform at the time of transfer (e.g., 10% of the NYP bond).

  6. Third-Party Fees:

    The platform will deduct any transaction fees charged by payment gateways and any applicable tax withholdings from the NYP amount before it is disbursed to you.

  7. Keeping the Property:

    If you decide to keep the Property by paying the penalty, the bidder will receive a full refund of their NYP bond.

  8. Penalty Distribution:

    The penalty paid by the original owner will be split 50/50 between the platform and the bidder.

  9. Third-Party Fees:

    The platform will handle any transaction fees charged by payment gateways and any applicable tax withholdings from the penalty amount before distribution.





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