Move will increase audience for silent auction domains.
Moniker announced that it will now use the SnapNames platform for auctioning domains in its silent auctions. Previously, silent auctions were held on Moniker’s online platform which required a separate login and access code.
By moving to SnapNames, silent auction domains should get more attention and ultimately sell for more. Other benefits include:
-SnapNames customers will no longer have to login to multiple platforms to bid on domains
-The SnapNames platform offers better searching and sorting technology than Moniker’s platform
-Automated transfer and payment at conclusion of auction (no more back-and-forth and paper signing)
One change is that all auctions will end at 3:15 PM on the last day of the silent auction (unless extended due to bidding). The Moniker system had a staggered close.
Moniker and SnapNames are both owned by Oversee.net. The two have already teamed up for the live auctions by using SnapNames’ online bidding interface. The first silent auction to use the SnapNames system will be the Internext Expo auction in August.