The expected ICANN auctions, regarding the new generic Top Level Domain (gTLD) program, are coming and what is going to come out of it remains uncertain.
On the 17 of December, the ICANN opened a “comment period” to gather community input regarding the detailed rules and processes for auctions so that string contention sets in the New generic Top Level Domain (gTLD) program can be solved.
In this article from the World Intellectual Property Review, also known as WIPR, a sum-up is given on the rules revised by ICANN about the new generic Top Level Domain (gTLD): the number of resolved auctions concerning the new generic Top Level Domain (gTLD) will be doubled, each applicant will be limited to 10 batches per auction instead of 5 per month. Icann says auctions should be resolved by 2015. Online auctions will work as follow: there will be a start and an end price for each round, and parties that match the end price will enter the next round … etc. If a deposit is less than $2 million, the bidding limit will be 10 times that amount, while the limit will be … unlimited for any deposit in excess of $2 million.
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