Introducing “Buy Now” Option On Domain Resales

We are excited to introduce the buy now option for Solana Domain Name resale auctions.

The logic behind this is to provide both parties the ability to settle on a mutually agreed upon price. This means that the seller can obtain the sale proceeds earlier if a buyer is willing to pay the buy now price.

The buy now option will allow us to reduce Peer To Peer (P2P) sales and provide a safer intermediary. This will work in favor of both buyers and sellers by allowing them to agree to terms of the resale. This allows users to sell domains immediately using a trustless smart contract

Procedure:

The good news is that if you are familiar with our current resale structure then the procedure is almost identical.

There is only one additional step in the resale window.

Here you can insert the buy now price along with the end date and minimum bid.

Our comprehensive user guide can be found on our Community Help Centre: https://docs.bonfida.org/help/selling-domain-names

Fees:

At Bonfida, we value our users and their on-going support and we will maintain our fee structure, as per our standard fees.

Fees start at 5% of the final resale value and are decreased according to the amount of FIDA held in your wallet. To better understand the fees with domain resales please refer to the table below.

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None of the above is financial advice.

Bonfida does not provide services to personal accounts of current residents of Belarus, the Central African Republic, the Democratic Republic of Congo, the Democratic People’s Republic of Korea, the Crimea region of Ukraine, Cuba, Iran, Libya, Somalia, Sudan, South Sudan, Syria, the USA, Yemen, and Zimbabwe.

FIDA is not offered within the United States or prohibited jurisdiction.

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