Seen lots of people complaining about ENS names getting registered at much higher prices than theyâd sell for on secondary.
Why does this happen?
- Exposure: names in premium get way more attention since everyoneâs hunting for cheap grails going to 0 there
- Psychology: with a decreasing premium, buyers fear someone else will scoop it first
- Listings: many holders set unrealistic prices or donât list at all, signaling the name isnât really for sale
Why @ensvision Dutch auctions didnât have the same effect:
- Users could set any reserve price + duration, which resulted in lots of spammy listings with high reserves and short durations
- This polluted the feed, giving attractive auctions little visibility
- Lack of categories/filters for easier discovery, unlike with names in premium
The solution:
- @ensvision could launch Dutch auctions without reserve prices and with fixed durations
- Add category selection + filters in current categories so auctioned names are easy to find
- This would replicate the main advantages of the premium system
- Downside: sellers take on more risk, but comes with higher potential reward. It's especially useful if you need to sell asap.
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