A domain name marketplace called Afternic enables both private parties and commercial entities to purchase, sell, and park domain names. This platform has been in existence for more than 20 years and has made a name for itself as a reliable player in the domain name market. But is Afternic really a thing? Yes, Afternic is a genuine and authorized marketplace for buying and selling domain names.
Do all domains that have expired in this regard go to auction? Simple no is the response. The domain name lifecycle is the process that a domain name goes through when it expires. Through this procedure, the domain holder is given a grace time to renew the domain. The domain enters a redemption phase if the owner doesn’t renew it during the grace period. The owner can still renew the domain name during this time, but it will cost more to do so. The domain name goes into a pending delete state if the owner doesn’t renew it throughout the redemption time. The domain name is returned to the pool of accessible domain names after the pending delete time. At this time, the domain name is available for first-come, first-served registration to anyone.
When my domain name expires, can I renew it? Yes, however it depends on where a domain name is in its lifecycle. The owner may renew the domain name at the standard renewal cost if it is still inside the grace period. The owner can still renew a domain name if it has entered the redemption period, but they will also have to pay a redemption cost on top of the standard renewal fee. It is too late to renew a domain name once it has reached the pending deletion stage. So what happens if your domain name runs out of time? Your domain name becomes accessible for registration by anyone if you don’t renew it before it reaches the pending deletion state. As a result, someone else may now register the domain name, and you no longer own it. If your domain name is connected to your company or personal brand and has a significant internet presence, this may be a serious problem.
Afternic is a genuine and legal marketplace for buying and selling domain names, to sum up. Depending on where your domain name is in its lifespan, you may be able to renew it after it expires. Not all expired domains are sold at auction. You will no longer be the owner of the domain name if it runs out of time and changes to the pending removal status, making it available for registration by anybody. It’s critical to be aware of the expiration date of your domain name and renew it in a timely manner to maintain ownership.