October 2016 - Page 2 of 2 - .in Domain Market Blog

WhatsApp Group .in Domain Auction Results: Week Ending October 09, 2016

In this edition on WhatsApp .in Auction, we have 14 names up for the auctions which includes 6 LLL.IN names.

The results are:

Domain Name	Final Bid ($)	Reserve Met?
jtx.in	215	Yes
pzf.in	200	Yes
antibiotics.co.in	75	Yes
bonuses.in	74	Yes
wirelessrouters.co.in + wirelessrouter.co.in	55	Yes
stomach.co.in	25	Yes
webdesigner.co.in	125	Yes
zey.in	200	Yes
nonstop.co.in	50	Yes
eyz.in	230	Yes
forgot.in	130	Yes
lmw.in	250	Yes
wirepay.in	201	Yes
hrp.in	430	Yes

Observations:

The total amount in sales was $2,260 with $161 average per name.
Ordinary LLL.INs sold for around $200, but the all premium HRP.in sold for $430
Bonuses.in was an undersell IMHO.

Another Milestone for Dropping LLL.INs

To those familiar with the .in domain space, would be aware that there is an LLL.IN buyout holding for quite some time. There are LLL.In drops, that are registered immediately. Over the months following the buyout, the number of names dropping has reduced month over month. We have tracked this number here. For the month of October, we have reached an important milestone. The number of potential drops is under 10 for the first time. Please note that we are counting an LLL.IN as a potential drop if the state in “PENDING DELETE SCHEDULED FOR RELEASE” or “PENDING DELETE RESTORABLE.” If a domain has a status of “PENDING DELETE RESTORABLE,” it is very much possible that the domain could be renewed and as a consequence not drop. This happens sometimes, but not so common and hence ignoring it. So why is this milestone significant? These are the implications:

1. The LLL.IN buyout is strong as it has ever been.
2. LLL.INs are steadily increasing in price among domainers. I would say that the price today is $250-$350 among resellers for ordinary LLL.INs
3. LLL.INs have become far more liquid, and there are lots of domainers looking to buy them.

Below is the graph that shows the number of drops each month for this year. Hopefully we get 0 monthly LLL.IN drops in 2017.

Digital India 2.0

In the next phase of Digital India, the Indian government plans to roll out an open API policy. API stands for application programming interface which is a well-defined protocols & interface for interacting with a front end system. So, for example, a system can provide information about a department, and if someone wishes to obtain this information, they have to interact with the system using the API (fixed set of rules). So APIs are really powerful because it provides lots of opportunities for existing companies or start-ups to use these APIs to provide service to general public. Although these are initial days, the API stack currently proposed to include:

Aadhaar for authentication,
e-KYC documents (safe deposit locker for issue, storage, and use of documents),
e-Sign (digital signature acceptable under the laws),
unified payment interface (for financial transactions), and
privacy-protected data sharing within the stack of API.

WhatsGroup .in Domain Auction Results: Week Ending October 02, 2016

In this week’s auction there were several domains submitted for the auction and eleven of them selected. Below are the names for the auction:

Below are the results:

Domain Name	Final Bid ($)	Reserve Met?
cqz.in	235	Yes
mango.co.in	255	Yes
businessportal.in	110	Yes
new.co.in	300	Yes
ukr.in	365	Yes
once.in	350	Yes
xmo.in	265	Yes
cheque.co.in	85	Yes
pushchairs.in	255	Yes
567.co.in	285	Yes
puk.in	425	Yes

Observations:

Lots of interest in the LLL.IN and based in how it was going during bidding time, a range of $250-$350 for an average LLL.IN seems to be a new ballpark.
All the of names reached three figures except one, which is a good sign.
Total sales were $2,930

Caveat:

These are the final bids and we do not track track if the domain actually had been paid and transferred.