Conference will include auction managed by Fusu.
So what’s the twist? People selling domains in the auction will have to pay 1% of the reserve price up front. The goal is to encourage low reserves.
I’m a big fan of this market-based approach to ensuring high quality domains are submitted at reasonable reserves. It works best at tried-and-true auctions (such as Moniker’s TRAFFIC auctions), but it’s good to see someone pushing the envelope.
Fusu will charge a 15% fee to the seller and will have an exclusivity period for 30 days. Domain name owners can submit their domains via email to email@example.com until October 4th, 2008 and submissions should include their reserve price as well as their postal address and phone number.
Frank Michlick, a familiar face in the domain circle and writer for Domain Name News, is spearheading DomainConvergence. The event will take place in Niagara Falls, Canada. The closest airport when traveling from the U.S. is Buffalo. People traveling through Canada can fly into Hamilton Airport or Toronto Pearson Airport.
[Domain Name Wire readers can get a $100 discount to the event. Enter discount code “domainnamewire” when registering.]