General (3)
Domain Owners (5)
Investors and Shareholders (3)
A Fusu IDO
Auction is the process of auction that allows the allocation of shares and the finding of an initial share price before an Initial Domain Offering
.
In a Fusu IDO Auction, users bid to buy shares of a domain at a certain price.
Here is an example: A domain owner lists 45% of domain.com at Fusu with an initial domain value of $10,000. A user could then say that he or she is willing ot buy 100 shares of a domain at $1 per share. If all shares (4,500 in the example) can be placed using this auction process, then the domain will be listed on Fusu.
A graphical illustration of this concept can be seen in our Flash Tour.
Using Fusu (2)
For 50% of all winning bids at a Fusu IDO
Auction, Sell Bids are automatically created at a 10% premium to the initial share price. These bids are valid for 7 days.
This was introduced in order to guarantee some liquidity and access to shares to "late comers" in the market.
Fusu Auctions (2)
In IDO
(Initial Domain Offering
) Auctions, investors purchase shares of a domain.
Fusu Auctions are classical auctions, selling the complete domain.
Fusu Auctions are classical domain auctions. The domain owner sells the complete domain to the winning bidder.
There are three different types of Fusu Auctions:
-
Premium/Prepaid Auction
:
- The domain is reviewed and guaranteed by Fusu.
- In order to bid, users have to charge their Fusu account with the amount they want to bid. This guarantees that the winning bidder will pay for the domain, but may have an adverse effect on bidding motivation.
- Fusu charges both buyer and seller a 1% fee of the winning bid.
- Premium/Postpaid:
- The domain is reviewed and guaranteed by Fusu.
- After the end of the auction, the winning bidders pays using Fusu as escrow agent, via Paypal or wiretransfer.
- Fusu charges both buyer and seller a 1% fee of the winning bid.
- Standard:
- The domain is listed immediately for auction.
- The domain is not reviewed or guaranteed by Fusu.
- After the end of the auction, the winning bidders pays the domain owner directly.
- Fusu charges 1% of the Reserve Price. If the domain owner choses an auction without Reserve, there is no charge.