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Thanks ohashi, I agree both scenarios seem likely. One of the things I noticed was missing from the registrars I've visited is info on pricing. This would lead

Thanks ohashi, I agree both scenarios seem likely. One of the things I noticed was missing from the registrars I've visited is info on pricing. This would lead me to believe they're using pre-registrations as a proxy for demand before the domains are released.

ohashi 13y ago
It could also be that they are working it like drops. People backorder and then if the registrar wins it, it goes to auction where people who backordered it at that registrar now bid. Highest bidder wins.