ICNS: The Auction is Over

We are finally releasing our community’s most long-awaited ICNS update — instant domain name purchases.

What’s New?

The previous auction model featured minimum bidding prices for different length names and a 3-day auction window, where other users could place a higher bid on the same domain name. Our community expressed constant frustration watching their most desired names taken by other users at the last minute of the auction window.

  • Search for their preferred ICNS domain name in the top Search bar, and click “Register” if available.
  • Click the “Register Now” button within the new page
  • Select the registration duration and approve the transaction details by clicking on “Confirm.”
  • Confirm their transaction within the Plug wallet.

What happens to ongoing auctions?

The transition has already started with our team upgrading the registrar canister to the instant purchasing version. Ongoing auctions are still open for bids, but users will not be able to start new ones.

The Road Ahead

For our next release, we plan to launch a secondary market for ICNS domain names within Jelly, our NFT marketplace protocol, which would allow early adopters and loyal IC users to put their purchased domains up for sale. The advent of a secondary marketplace would consolidate the IC’s position even further as an all-encompassing and efficient ecosystem.

How can you get involved?

This update was only made possible with the help of our community who constantly provided feedback on the initial auction model. For any other improvement ideas, make sure to join our Discord and ping our team members — we are always ready to listen and answer any questions.



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