We’ve been listening closely to everyone’s feedback, and a number of delegates have made valuable points, particularly in relation to the current market conditions and ENS’s position as ‘adoption phase’ infrastructure. We’ve amended our proposal as follows:
- Prices for 5+ character names start at $8/year instead of $12.
- A simpler three-tier discount curve, identical for all names, with “Casual” (1-2 years), “Committed” (3-5 years), and “Long-Term Identity” (6+ years) discounts.
- Discounts are applied based on the number of years in the registration/renewal transaction, and apply to the whole transaction, rather than being incremental. This is less optimal but has much more intuitive and easy to communicate results for end-users. Renewing a 5+ character name for 6 years costs $27, regardless of the name’s current expiration date.
- Reintroduction of the grace period, capped at 28 days rather than 90. During the grace period, names appear as expired (untransferrable, unresolvable, no modifications permitted) but can be renewed by their original owner to restore them. The alternative we had previously implemented, where the original owner can reregister a name during the temporary premium period without paying the premium, will be removed.
- We’re asking the DAO to commit to reviewing pricing every other year, and adjusting it if necessary.
I’ve updated the first post with these details.