.Ai is going to be initiating deposit requirements for their expired auctions. Vincent Cate also doubled down on the fact that only the domain owner will know when their .ai domain name expires. You can click on the below tweet to read the discussion.
Would you like to see other auction house follow this move? How would it look if GoDaddy made all potential bidders adhere to a deposit requirement?
On https://t.co/D6ZYSMWGvW we have had too many cases of people not paying for domains they bid for so we are increasing the deposit requirement to 5% and the non-payment fee to 5% effective immediately.
— Vincent Cate (@vincecate) March 20, 2024
That’s good.
Stop the shill bidding.