Domain Expiration

This document outlines the stages a .box domain goes through after expiration and explains the recovery opportunities at each stage.

1. Grace Period (Days 1–64)

• Functionality Ceases Once a domain expires, it stops functioning. This means associated services like websites, email, and domain transfers will no longer work.

• Recovery Still Possible You can recover the domain at the regular recovery rate of 120 USDC without any additional fees during this period.

• No Immediate Ownership Loss The domain remains associated with the original owner, allowing for easy recoverability.

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2. Pending Delete Period (Days 65–69)

• Domain Prepped for Deletion The domain enters the queue for deletion offchain. This involves a system delay of approximately four days to prepare the domain for release back into the public pool.

• From the User’s Perspective The domain is effectively deleted at this point, and the original owner can no longer use or renew it through normal channels. The NFT is frozen in their wallet.

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3. Deleted (Day 70)

• Public Availability On the 70th day, the domain becomes available for registration. However, unlike traditional first-come, first-served models, expired .box domains enter a premium pricing phase.

• Premium Pricing Phase During this phase, prices start at 7,680 USDC and halve every 24 hours over a period of 6 days, eventually settling at a fixed rate of 120 USDC. This allows users to decide whether to pay a premium to secure the domain early or wait for the price to stabilize.

• NFT Transfer When purchased by another user, the frozen domain NFT will automatically be transferred to the new owner's wallet.