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.