Aha, man you made the point.
I canât agree with you anymore on this very point:
âthe goal is not to extract maximum profit.â
And yes, liquidity and usability - in fact, the usability is MUCH MORE IMPORTANT to users since ENS is best for personal wallet/Account/ID as well as a domain name.
JUST HODL is a very silly thought.
IF ALL BITCOINER JUST HODL their most invaluable BTC on their wallet, congrats geeks, your BTC is, indeed, valueless.
Same as ENS.
OK, first I want to thank you for your reply.
Just I still totally do not agree with you on the renewal fee proposals.
In short, letâs focus on the alphabet a-z and digits 0-9 ONLY.
How many 3ch ENS can be registered? (CNN.ETH of course is a good ENS name)
And how many 4ch ENS? (PUMA.ETH is a good ENS name too)
And how many 5ch ENS? (Apple.ETH is definitely a good ENS name)
And how many 6ch ENS? (Amazon.ETH is definitely a good ENS name)
And how many 7ch ENS? (How about Samsung.ETH?)
And how many 8ch ENS? (Facebook.ETH?)
Do you need more combinations?
So you guys just want to lower the renewal cost of
46,656+1,679,616=1,726,272, letâs say 1.73m ENS ID,
and then you want to raise the cost of
60,466,176+2,176,782,336+80,540,946,432+2,899,474,071,552=2,982,252,266,496, letâs say 2.98T, or 2,982B, or 2,982,252m.
1.73/2,982,252
So you guys want to protect the 1.73 at the cost of 2,982,252 losses?
My suggestion:
ABANDON the 3ch/4ch ENS ID if there is no new buyer and you donât want to pay the renewal fee.
If itâs worth it, someone will pay for it.
I kinda agree with nick here.
If the fee for a particular type of domain name is too low, it will attract more registrations than there is demand, leading to an oversupply of domain names, and some domain names may remain unregistered. If the fee is too high, it will deter users from registering domain names, leading to a shortage of domain names available for registration.
As nick provided some numbers here with 49,9k and only 16,3k still registered today :
For the average person, $640 is a significant amount of money to spend on renewing a domain name each year, especially if they are not using the domain for commercial purposes or generating any significant income from it.
In many cases, the cost of renewal may outweigh the benefits of holding on to the domain, and the user may choose to let the domain expire or sell it on the secondary market (which is the case rn for a lot of domains).
This is also supposition. I feel like Iâm arguing with this meme:
Youâve simply ignored my explanation for why this is so without responding to it - so call I can suggest is that you go back and read it again.
End-users will not be paying $640/y or $160/y, that should be clear. Anything above $50/y is really too much.
Without end-users (which will go to the competition), we will have only the digits game which will sooner or later end.
Hi 
Yes. I explained above why.
No. I do not want to raise the cost of 5chars, but that could be on the menu (but not higher than $10/y) if the DAO thinks it will be necessary to gain planned revenue.
Ok, but then we will find ourselves with a bunch of short names available, and that doesnât look good to newcomers. I mentioned that above.
There are tons of great 3Ls currently available, worth much more than $640, but not worth $640/y, thats the problem.
I donât ask for a lowering of the renewal price, I am suggesting only announcement that from 01.01.2024. the renewal price will be $50/y and $20/y. Whoever wants their domain now, can buy it or register it at the current price.
Well, if Nick is right, then the current pricing must be lowered as it shows there is no demand because it is too high.
I understand my pricing suggestion sounds too low, but I think I know what end-users will be willing to pay yearly. Otherwise, we will still have 1-month registrations and then drops.
Better too low than too high. Currently, it is a fact that it is too high. You just need to check how rapidly dropping the number of registered 3chars. The reason is very clear.
I donât see a problem if end-users will have to look at the secondary market. Then they will pay a fair price that two persons (the seller and the buyer) consider as a fair price. If any of them is unrealistic, the end-user can always go to ENS.domain and register some variation for $5/y. Thats fair, and in that case we would not have a whole with short names and a bunch of available which looks awful to anyone who is searching for the most popular Web3 extension.
If there is no digits craze, ENS market would be almost dead at this moment. Speculators are those who keep this market alive. Speculators would go to 3chars as well, if the price would not be higher than $50/y. If we would have a lot of 3L and 3chars sales every day, the volume would go drastically up and that is only a good thing. The market itself would decide which is the fair price. Currently, it decided the price of $640/y just for the renewal is not fair and it is too high, and thatâs why nobody touches almost any 3char except 3D. This is not sustainable.
Those falling under the 3ch and 4ch domains, right. Also (which was the main thought) there are a alphanumeric combination + emoji combinations as 3ch and 4ch domains which you didnât count.
Just think of funny gamer names / Letter + numbers mixed up combinations.
640$ for these seems pretty high then, no?
Since theyâre not highly valuable to a wide audience. Short but funny domains maybe like
-
- (recently hyped ones)
etcâŚ
Makes 0 sense to show off an infinite amount of ens combinations with 5+ch and point how âunfairâ it is to them.
âŚ
Yea itâs what he said.
Do you guys read the conversations above ? or do we need to repeat that ?
He simply want some numbers / estimations. The radical reduction of the fees you proposed from 640$ to 50$ (trust me bro itâs better) is definitely not convincing.
Again, thatâs still what iâd propose :
I think youâre just trolling here unless youâve access to the GDP data from users dominating the ENS registrations.
No, I am not trolling
Ok, I can say it in a different wayâŚ
Per my experience, after dealing with many domain end-users, I am pretty confident the majority is not ready to pay more than $50/y for a domain. I saw different web2 extensions, and many of them were great, in terms of visual appeal and even in terms of SEO, but those with higher renewal than $50 didnât succeed. Even just a few reserved names with premium renewal within an extension was not the right way and caused problems.
Itâs clear that $640/y is way too much. That is not my saying, that is something the market clearly said. We had all 3Ls registered, and look now. There are still no real end-users, and investors are dropping their, in many cases great, 3Ls. I can find the reason only in the renewal fee.
I am in a position just to suggest, and tried to explain my reasoning.
If you make a count of those emojis, you should also consider the length they can have.
In any sense, the 3-Fire emoji is rarer than the 5-Fire emoji.
So is that quite simple?
If an end-user has the margin to pay for 3-fire emoji each year then he/she can just do it.
If he/she doesnât want to pay $640/y then he/she can just pick up another 5-fire emoji ENS.
3 emoji â rare
5 emoji â common
You canât ask the platform (ENS or any other service provider) to offer a very low price for rare resources just because the user wants it.
Come on, I want to have a seat and some food with Warren Buffett in his charity lunch, but I donât have $1.9m, can I pay $19 to get it?
I admit, ENS is a kind of first-come-1st-serve system, but consider the ENS ID is essentially an ID.
Just think about y.at and what we can foresee how it will happen in the future.
It DOES make sense for 5+ch ENS holders if the renewal price goes to $7.5 or $10.
Please look at the underground.eth, the owner had paid 500+ years renewal fee already.
If the end-user thinks an ENS ID is valuable, he/she will try everything to pay for it.
If the end-user canât afford it, he/she can find another ID, which just may be longer than the expensive one.
For example: if Nick Johnson wants to sell Nick.ETH at $1m (if).
If Nick Bosa wants to pay $1m for Nick.ETH.
Then both Nick should quite happy with the deal.
If Nick Bosa canât pay $160 for his Nick.ETH on the next year. (if)
OK, someone will just pay for it and own it.
Letâs go back:
if Nick Johnson wants to sell Nick.ETH at $1m (if).
If Nick Bosa wants to have an ENS ID but doesnât want to pay $1m for Nick.ETH.
Nick Bosa probably will register NickBosa.ETH at $5 cost.
If NickBosa.ETH is taken, he can still pay $5 for NickBosa97.ETH or NickBosaNFL.ETH or whatsever.
There is one and ONLY Nick.ETH, so if you want it, either you come earlier, or you pay for it (at a cost).
Fair enough.
If you are saying the $640/$160 price will stop end-users come to the ENS system, I think it should be another story.
The price of Tesla ModelX is higher than the Model3, but itâs not the reason why some people buy a Toyota.
Potential ModelX buyers will not consider buying a $20k Toyota Corolla.
And, as you may know, Toyota Corolla sales are much more than the ModelX.
Oppositely, the higher price of ModelX is one of the back support of Model3 sales.
There are 10 numbers
There are 26 letters
This is where you are getting the 46,656 from
BUT you are allowed the hyphen as well, but only currently in the middle of a name and not at the ends
So for 3 character names this adds 1,296 for a total of 47,952, itâs not as simple as 37^3
BUT
$ is not a currently valid character, but things like the Yen symbol is and can be minted on the official ENS App
So itâs not as easy as saying 37^3 (letters, numbers & hyphen)
Or in your case 36^3 for just letters & numbers
In an off the top of my head calculation with no proof, after the up and coming normalisation I expect there to be approx 60 characters (outside of emojis) that can be used together, obviously there is all the different languages, but iâve not looked into them and what can be combined, the figure of 60 could be much bigger
60^3 is 216,000 combinations
BUT
Then you have Emojis, 
.eth is a 3 character name, there are 192 3 character single emojis, but there are also a lot of other emoji names that are 3 characters long by using multiple emojis, or a combination of emoji and letter / number
There are 1,359 emojis that count as 1 character
There are 925 emojis that count as 2 characters
There are 192 emojis that count as 3 characters
Just alone, the 1,359 single character emojis give 2,509,911,279 3 character combinations 1359^3, THIS IS 1/3 OF THE WORLDS POPULATION
The main worry I have for ENS is the fact that ENS spends basically nothing on advertising and marketing, it uses itâs users for market and advertise the product
But, it seems like ENS does not want a lot of users or trading it in the case of speculators, even though this is what they can use as marketing/advertising. I have been worried about ENS for some time and still am, it does seem with the recent endowment fund starting up that ENS is planning on having the ability of being run without registration income, and all running costs would have the ability of coming from the profit of the fund, which would then fund ENS Labs through the grant
Iâm not sure what the angle of ENS is anymore for the future
If ENS ONLY allowed 0-9, A-Z & a hyphen in the middle of a name, then I could understand a high premium, but it allows so much more
3 character - 60^3 is 216,000 combinations
4 character - 60^4 is 12,960,000 combinations
5 character - 60^5 is 777,600,000 combinations
When you include the emojis, there are actually billions of 3 character combinations
Math doesnât lie
We are getting close to a world population of 8 billion, 2.5 billion just on single-character emojis is pretty good
In another way of looking at it, 1/3 of the population of the world can have a 3 x single character emoji ENS name @ $640/yr
Adding Emojis in my view was a massive mistake, but it canât be undone now, but it does give plenty of choice for people to get a name that suits them
Or we could say it differently 
You can ask the platform (ENS DAO) to offer lower price for rare resources as the user doesnât want to pay the current price
I guess we agree that it is obvious that the users donât want to pay $640/y. Again, we had all 3Ls registered and look now. The reason is the renewal price. This is proven and should not be a question. I didnât make it up, the market told us that.
Not the same. Is there someone else who will pay $1.9 million? If yes, then ok. If not, that means Warren is asking too much and the seat will be empty, which is not good either for Warren or for you. I hope you get the point.
3characters are mostly unregistered and even more important, the number of currently registered rapidly dropping. That means something is wrong, and that is the renewal price.
500 years paid $2,500, not comparable to $640/y Underground is also a premium name, and rare, because is one of the better dictionary words. Is that fair?
And no, I donât think the owner of Underground.eth should be paying more. He came first and grab underground.eth in time, or purchased it on the secondary, no problem either way.
Itâs not a problem to pay what is the price to purchase. The problem is paying 640/y when that is not normal in the domain space, at least in those extensions which succeed. That is what I am talking about.
Charles.eth is also a turbo premium .eth domain. It is also rare, based on its quality. Should the owner be paying $640/y? Of course not! Should the new owner pay maybe even $100k for it? Well, yes if needed.
You didnât get the point. Whoever doesnât want to pay $640/y could go for a 5+ char and pay $5/y. Thatâs ok, but we see that very few people are willing to pay $640/y (and I am sure there will be fewer and fewer of them with time). So, a new potential user will come and see 3/4 chars available. You really think that he will choose .eth ahead of .btc or some other extension, where all short names are taken and where that fact shows that the extension is desirable?
Remember, soon there will be a lot of BTC dAPPs (Ordinals came all of the sudden) so .eth will not have secured the number 1 position. So we will haveâŚthe same utility, but a lower carry cost and a more recognizable name (BTC is by far the most popular crypto) in a .btc. Where will Mr. Average Joe go, the one who only needs his Web3 login and wallet? The same one who has never heard of smart contracts and similar tech things. Itâs not hard to guess.
Now is the chance to go hard for customers of ENS, as later with the development of the competition, it will be too late! We are still not âGoogleâ, but can become Google and can be safe from Bing and others. Or someone else will become Google.
You donât get it. The point is that almost NOBODY is buying âENS TESLAâ with a $640/y renewal price, and the ones who bought it started to drop it. Thatâs the whole point. The price is WAY TOO HIGH.
I donât care about the registration price. I donât care about the secondary market price. I am talking about the carry cost.
I donât see any benefit to anyone if we will have 3-4chars space empty (available). It will just turn off end-users and investors. Without investors and speculators, there will be no liquidity and thatâs very bad.
Imagine 3Ls at $640 registration price, but $50/y renewal price. I am sure they would pretty soon become at least as liquid as 4D.eths. Then imagine seeing ENS trending every day on OpenSea. ThenâŚ
I think I really told everything in my posts so far.
OK. Letâs try again
We are both here as we love ENS. Letâs try to find some solution.
There is a way to show if I am wrong (I could be wrong), and that nothing will be changed. Here it is:
Announce soon that from 01.01.2024. renewals of 3-chars will cost $50/y and of 4-chars $20/y, but only under condition that on 1st of December 90% of all 3Ls is registered and that at least 50000 4-chars are registered.
That would be a test. A real one, not my opinion or opinion of any other individual on the forum, while the forum has almost no visitors (compared to potential). If we start seeing increase in registrations, even with the current price, that would be a pure proof we found the problem.
Until 01.01.2024. all registration and renewal prices stay the same as they are today.
That way ENS DAO doesnât lose anything and is not obligated to lower the prices later if the condition will not be fulfilled. Very simple
What do you say @nick.eth ?
Thatâs why I said:
If you are calculating all symbols in this world, well, I am not a specialist in other languages(my major is the Chinese language), there are about 100,000 Chinese words (a single character accounting as 1 character in ENS).
btw, most Chinese words have at least more than 2 meanings, and a part of them with different tones.
Let alone there are Traditional Chinese and Simplified Chinese (about 3,500 highly frequently used has different, and the rarely used words are also impacted by the differences).
i.e.:
the totally same word in Traditional Chinese:
So the principle is the same as English letters and digits, the one who wants the short ENS needs to pay the price.
Again, my point is rare resources with higher costs.
It doesnât matter whether users want to have a 3ch English letter ENS or an emoji ENS.
The problem is they are not rare in any way, you have just proved that
When you add up all the languages, emojis and symbols, every person in the world could have a unique 3 character name multiple times over
Your example of 100,000 Chinese single character words gives out 1e+15 possible names, that is 1,000,000,000,000,000 possible 3 character names, not rare in any way
JUST the single-character emojis can provide a 3 character name for 1/3 of the worldâs population, ENS could provide a unique 3 character names for every single person on earth multiple times over
Nick said further up the thread that there are only 16,353 3 character names registered at the time of that post, I feel it will be well below that now, but out of billions of combinations we only have 16,353 names regoâd
This seems like very very little, and this is just 3 character names
The more I think about it, the more I think the rego should be reduced drastically, there is so much scope for expansion of 3 character names alone, let alone adding in 4 character
1359^4 is 34,109,694,000 which is over 4 times the worlds population
and again just to remind, this is JUST for an emoji that is a single character with a name-length of 4
Names are not in short supply in any way at all due to ENS allowing so many characters and emojis
Yes, you are right on this point if I only represent an end-user.
But I am talking about the business model.
Say I want Tesla to lower their price so I can buy a ModelX â thatâs right because I want it.
But in a business-only view, if ModelX dumps to a low price, it will only hurt the car company and the whole brand â and impact other Tesla customers invisibly.
Of course, I accept Model3 should have to lower the price as much as possible, BUT, not the modelX, esp. not from $100K to $10K.
Sure, someone paid $1.9m+ for his lunch.
What I want to emphasize here is that: rare resources always with higher costs.
Donât worry about dropping 3ch ENS if you are not one of them.
A lot of 3ch 4ch ENS are registered just for fast trading purposes, you can find they just registered for a few months (or one month only).
They are not end-users, they are retailers.
Retailers always take profits and risks, itâs quite fair and really good, donât worry about that.
Let me explain a little bit more about my above view:
I myself registered 100+ ENS, I am an ENS user, but I am more like a trader (or a retailer) at the same time.
When I use ENS to present myself, I am an end-user of ENS.
When I want to sell my ENS IDs, I am ENS Trader ONLY.
Just like a Toyata Retailer, when he/she owns a Toyota, he/she is the user.
Apart from that, he/she is a retailer ONLY.
Thatâs the reason why I love ENS!
ENS does not reserve those specific words as a Premium Name so any user has a chance to register.
1st-come-1st-serve, the owner paid $2,500 also with high risks.
As I said if Nick Bosa wants Nick.ETH, he will pay $160 each year to keep this domain.
If he doesnât want to pay $160, he can pay $5 per year for any other Nickblablabla.ETH ENS.
Do remember my friend, there is ONE and ONLY Nick.ETH, but not all Nick(s) MUST need it.
I get your point my friend, I do understand you are thinking of the competition from ENS to other competitors.
And yes, ENS is a very small âbrandâ in this world, I realized that too.
But, itâs nothing to do with the $640/3ch or $160/4ch renewal fee.
I am saying this because a lot of 3/4ch ENS are meaningless at this stage:
I wonât say all the above ENS have no values at all â yet, currently, I couldnât find any certain meanings of 9nov, kyw, ktl, lrf, 4l7.
BUT!
If the owner thinks maybe there is a big company that will rebrand their name to ktl, then the ktl.eth has big values.
So just keep it and wait till that day comes.
How much should we evaluate JD.COM? no one knows until JD wanted to rebrand their 360buy.com to JD.COM.
So if you are the owner of ktl.eth, 3tol.eth, lrl.eth, then you just keep it and pay the cost till someone wants it.
If not, just drop it so others have a chance to pay for it.
I am sure itâs fine if there are a lot of 3/4ch letters unregistered for ENS.
If ENS gets stronger, more users will come into the eco system, but they should seek for Nick.ETH, NickBosa.ETH or NickBosa97.ETH, IamNick.ETH, etc.
Itâs not the only option for Nick to MUST HAVE a 3-4ch ENS like Nick.ETH, NĂck.ETH, N1c.ETH, Nlck.ETH, N1ck.ETH, Niĺ .ethâŚ
Still, itâs fine if Nick wants to pay $160/year when he likes N1ck.ETH, right?
Sumup:
There are innumerable combinations and regular words/letters in this world for end-users to select, itâs really not necessary to have a 3ch or 4ch meaningless ENS for an end-user.
If an end-user wants it anyway, bingo, pay for it.
Done.
So why are you guys concerned about the renewal cost of 3ch/4ch ENS?
Again, as an ID, Nick.ETH is indeed better than NickBosa.ETH, But NickBosa.ETH represents Nick Bosa as good enough, why Nick Bosa needs to worry about the renewal cost of Nick.ETH?
The other Nickblabla will register Nickblabla.ETH at a cost of $5/year, who cares about the renewal cost of Nick.ETH?
.com/.net/.ai type TLDs are more for business/industry/org purposes, what are there percentages we can see regular people register his/her own .com or .io domain in daily life?
The ENS is a kind of domain but it is quite different from the TLDs, from the beginning till this moment.
You guys looking at the gold mine in front of us, yes thatâs true.
Look around, there are gold mines everywhere, and the gold you can have is on the other side if you donât want to pay for the front one.
Not bothered what it is, but I object to the price being set as 3 characters are rare, they arenât at all as the above post prove
But I do understand if itâs too cheap then people will just rego everything like on DNS and sit on it without building anything, but this would also reduce resale 2ndry value as there are more options visually available
Tesla is having a hard time finding buyers for their ModelX with the current pricing? Many ModelX cars are unsold and waiting in Teslas warehouses ? Not sure, but we all can see how many 3/4 characters (some are really good combinations) are unregistered while almost 3,000,000 .eth domains are registered, including some really shitty names. So the point is not that there are still no enough interested people, the point is that the pricing is too high.
I agree, but in the ENS case, it could only be a benefit for DAO and for the whole ENS ecosystem.
Currently, those names are mostly unregistered, which means zero income to DAO. The number of registered ones is dropping significantly. Many people would happily pay $50/y to renew their 3-char, but obviously are not willing to pay $640/y. So now, instead of sustainably getting $50/y, DAO is getting nothing (from those who are dropping their names, which mostly not getting registered again).
$50/y is a pretty high carry cost when it comes to domain names. Actually, it is not usual, and it should not be higher than $10-$20, but ok, $50/y could be accepted.
The majority of ENS names are registered just to profit from them, in a short term, or by holding. Like in most domain spaces. That stands for digits too, and probably especially for them. If you already have 2567.eth as your Web3 identity. Why would you need 2324.eth too? To speculate and possibly profit, of course. Thats a legit, no matter if someone like it or not.
Like most of us
There is only one NFT.com, but not all NFT-related businesses must need it Moreover, you will pay only about $10/y to renew NFT.com, although it is a turbo premium domain within still the most popular domain extension in the existence
Or we can go to Web3 domains. There is only one NFT.btc, already worth a lot too, but you will pay only around $1 (based on todays rate) to have it registered on a 5-year period
I still didnât catch the news today, but I think there are some integrations live so you can now send and receive BTC on letâs say Albeta.btc. Sounds familiar? You can also log in with your Albeta.btc account to some dApps, and you will be able to do the same on many others in the near future. It is coming. Do you get the point?
I really like ENS very much, but nobody should be blind and think that ENS is already undoubtedly the king.
ENS made too much to give up now and become âjust one of manyâ.
I will try again, please donât mind
By having the renewal price of 3/4-chars at $50y and $20y, I am pretty sure all 3Ls would be registered soon, many 4Ls would be registered pretty soon, all 4Ls would be registered within a year, and a lot of 3/4-chars would be registered.
3Ls are really top names, in any live extension, especially in the one like .eth. You can take MRE.eth. Doesnt look attractive like SEX.eth, SKY.eth, APE.eth or AAA.eth right? But MRE could mean a lot to Mr. Erik, to Mark Ronald Edwards, or to Miami Real Estate (and many others). All of them could choose MRE as their Web3 identity. I know that, and every other domain investor knows that. So we will be willing to register or to purchase MRE.eth, even knowing that we will not use it personally. Until ENS become more popular among the real end-users, MRE.eth will be traded among speculators, which is the case currently with most .eth domains. I will register MRE.eth today for $640 (only if the carry cost will be no higher than $50/y), I will try to sell it for $700 (just an example). If I sell it, the buyer will try to resell it for $800. If he doesnât get $800, he might lower the price to $700 just to break even. Then if he doesnât get $700, he might accept $300. Thatâs okay because the market set the price, not DAO or anyone else. Or the last buyer might want $7,000 and get it. Thatâs also ok as the market showed that is the fair price for that name.
If I register MRE.eth for $640 and sell it for $700 a few days after, that will see Average Joe. Then he will register MRA.eth (could mean Miami Realestate Agent or anything else ). and try to repeat my âsuccessâ. He might find an end-user for his MRA.eth, or he will find another speculator, whatever. Most 3Ls will eventually find their way to end-users at the market-decided price, so many of them will be in use for what they are made for.
My point is that it will be much easier to achieve if the end-user will know that no matter how much he should pay to get the domain on the secondary market (the market will decide what is a fair price), he will not need to pay more than an acceptable $50/y to keep and use that domain. With $640/y we have a problem, as no matter how good the domain is, only really the best will be kept registered at that cost. We all know the normal cost of renewal in most domain spaces, so $640/y for any educated person is unacceptable in the long run.
So, we had MRE.eth and MRA.eth registered and sold on OpenSea or wherever. No Average John saw that and he registered MRG.eth. Then Average Mark saw that and registered MRJ.eth. Then Average Nick saw that and registered MRQ.eth. ENS DAO is getting $640 for the registration and will be sustainably getting $50/y from renewals (unlike the current situation where 3Ls are rarely renewed). Now we have a âproblemâ. Average Mark wanted $1,000 for his MRJ.eth and didnât sell. He needs money so he lowers the price to $700, no success again. Then he realizes his name is not wanted and offers it for only $100 while he will be taking a loss. Thatâs ok, market told him he was wrong (just as the market told ENS DAO that 640/y is really too much).
So, we will let the market decide which is the fair price. For ENS is not important if 3Ls will be sold for $100 or for $10,000 on the secondary market. For ENS should be only important that it is having a volume and that the market is alive.
By adding affordable 3Ls to the market (which is one of the top categories in the terms of utility/usability), no matter what it will be the floor, we will get liquidity and additional exposure.
Now copy that to better 4Ls and other good 3-char combos. With one single move, we can add a lot of liquidity to the ENS market, and at the same time attract more interest, including mainstream media which will be writing about everyday sales of ENS.
We canât get the mentioned above with the $640/y pricing, but we would get that with the $50/y pricing. To back up this statement, we had 3Ls all registered as people know they are a grail of any domain space, but 3Ls failed to stay registered only because of the high renewal price. To back up my statement some more, I can tell that I am into domains for about 20 years and I do know very well how domain markets work and how domain investors and flippers react, just as what end-users want.
I corrected my suggestion. DAO should announce the lowering renewal price of 3/4-chars to $50/y and $20/y and say it will occur on 01.01.2024. and ONLY if on the 1st of December there will be 90% of 3Ls registered and at least 50000 4Ls registered. If not, then DAO will not be obligated to lower the renewal price. That would be the best test of what the market thinks.
By 01.01.2024. the pricing should stay the same, so DAO will by then be getting $640 and $160 per 3/4-char registration/renewal. That way rare short names will still be at a premium, but with a chance that those who had faith in short names now be awarded later with a lower renewal price. There are still thousands of available and good short names so no one is still not late and everyone still has a chance if they want to pay a one-time fee of $640/$160 and later benefits of $50y and $20/y. This would be if the renewal fee is the main problem at this moment. If I am not right, there will be no 90% of 3Ls and at least 50000 of 4Ls registered on the 1st of December and ENS DAO will not be obligated to do any changes to pricing. Simple as that
I will comment on just a few:
KYW.eth - keyword shortened - could be used as a Web3 identity of some Keyword research agency
NSS.eth - National Security Systems, Nusret Sahim Sabduallah etc
LRL.eth - many possible meanings, but also a palindrome interesting to collectors of rare assets
2on2.eth - mini football website could use it for its Web3 identity, or could give/sell subdomains for clubs/players
Plenty of possibilities with those domains.
Are they worth anything? That should be left to the market to decide.
Yes, but here we are again. Itâs not clever to keep it for $640/y just to speculate with currently unproven value. Especially today, when you still can purchase some really good .eth at a similar price.
About a 7-figure amount, without any brand and business behind it. Why? Because itâs the accepted price of any 2L.com, as the market decided that way. How much to renew JD.com for 1 year? About $10
Again, I donât agree. When 3Ls and many 3/4-chars are registered, the domain space looks more attractive and desirable to newcomers, and we would have much more activity on the market and much more liquidity. Of course, only if the renewal would not be above $50/y and $20/y.
So again, my suggestion is:
Or if adjusted, it could be one only one same pricing for any 3-4-char, and it could be $35/y.
@nick.eth , what do you say?
I would like to throw out a quick-fact.
ALL three character â.comâ domains have been registered almost 100% continuously since the last domain was registered in 1997.
But DNS only allows 0-9 + A-Z + a hyphen in the middle
So that is only 36^3 + 1296 = 47,952
Yes. Actually, I am not sure about the year, but I believe it is somewhere around the year you mentioned.
No matter how rare and valuable 3L .coms are, they have a renewal fee of about $10/y. Thats normal. The market is the one that will decide the price on the secondary market for those who come late, and the carry cost should not be high.
We have some other really good extensions with a high renewal price of short namesâŚwell, they are not successful.
Again, I am suggesting $50/y for 3-chars and $20/y for 4-chars. That should be a maximum, as lowering it to $300/y or $500/y is not the best solution. DAO could announce this change now, taking effect from 01.01.2024., but ONLY under the condition that on the 1st of December we have at least 90% of 3Ls and 50000 of 4-chars registered. That way it would be a test of interest and if the real problem is the renewal price or something else. DAO will not lose anything, and will most likely benefit, as the whole ENS ecosystem will.
Hello, I just felt I should drop in to make a correction. Handshake names do not directly compete with .eth as they are really TLDâs themselves. Handshake respects the ETH namespace and IIRC the ETH DAO owns/controls eth on HNS. What will however compete is all the registries in many different forms, and across ecosystems/chains that will take their political power/ownership from Handshake.
You are right in that a LOT of competition will be coming, and that is honestly a good thing. Competition breeds innovation. I do not see ETH as web3, nor am I honestly a big ETH fan/supporter personally, but I see it as one large player among many communities. So there will be soon in a few years a large sea of web3 TLDs, similar to ICANN gTLDs, and the only thing that stands out is marketing and branding, just like ICANN.
ENS has the funding and early bird advantage to define the standards due to the social network effect, and to an extent, has welded that power pretty successfully.
But ETH is not web3, it is not the only fish in the pond. The next 5 years are going to bring massive change, and so ENS sitting on its ass like a TradFi company is a mistake in regard to innovation. ENS might have millions of USD in an on-chain bank, but it should not waste it and act like a fortune 500 corp that is slow to react.
I can say the above with confidence as I am leading one of the pushes to make this a reality. I am pro-HNS if it wasnât obvious as well 
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Anyways, I just wanted to clarify ENS vs HNS since it was mentioned here.
Kudos!
