All terms under drop time in DOMAINS GLOSSARY.
The race to register domains at "drop time" — DropCatch, SnapNames, Pool use thousands of concurrent registrars. Standard drop time for .com is ~14:00-15:00 UTC. Backorder fee $59-79 + auction.
Four stages from expiration to drop: Expired (0-30d, renewable + early auction), Redemption (30-75d, ransom fee), Pending Delete (5d), Drop (deleted from registry). 30-40% of domain industry profits come from this segment.
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