Introducing Native .inj Domains: Your Ticket to Web3 Identity
The anticipation is building, and the excitement is palpable as Injective gears up for the launch of the first-ever native .inj domains with SPACE ID. In this blog post, we’ll delve into the intricacies of this highly awaited pre-registration event, shedding light on the process, rules, and the myriad benefits that await you. Get ready to embark on this thrilling journey as we unlock the world of Web3 domain names on Injective!
## A Prelude to INJ Domain Names
INJ ID is at the forefront of innovation, introducing the .inj domain name service on Injective, powered by the cutting-edge SPACE ID 3.0 infrastructure. This groundbreaking initiative ushers in a decentralized name system that will seamlessly integrate into every facet of the burgeoning Injective ecosystem. Soon, each one of you will have the opportunity to claim your very own native INJ domain name, suitable for use across wallets, websites, decentralized applications (dApps), and more within the Injective ecosystem.
The advantages of owning INJ domain names are manifold, including but not limited to:
- **Establishing Your Web3 Brand Identity:** With an INJ domain name, you can craft a distinct and recognizable Web3 brand identity, setting you apart in the digital realm.
- **Simplify Transactions:** Bid farewell to complex wallet addresses. INJ domain names provide a user-friendly and straightforward means to transact in cryptocurrencies, NFTs, and digital assets.
## Who Qualifies for the Pre-registration Whitelist?
At Injective, we value our vibrant community, and it’s only fitting that the most active members lead the way in our pre-registration phase.
To kickstart this exciting journey, we’ve organized a series of quests and external campaigns in collaboration with our valued ecosystem partners across various platforms. Participants who have engaged in these quests and emerged victorious in giveaway campaigns hosted by Injective partners will find themselves on the pre-registration whitelist.
For each “INJ ID Quest” OAT Badge earned (INJ ID Quest 1, INJ ID Quest 2, INJ ID Quest 3), or every giveaway campaign triumph, you gain the privilege to pre-register one .inj domain name. The more OATs you accumulate and the more giveaway campaigns you conquer, the greater the number of .inj domain names you can secure for yourself!
Note: Each address is entitled to a maximum bid quota of five domain names. Even if one address secures more than five spots, the limit remains five.
## Participating in the INJ Domain Pre-registration Event
The INJ domain pre-registration event unfolds in two stages: the auction stage and the first-come-first-serve (FCFS) registration stage. This dual-phase approach ensures fairness while mitigating the influence of automated bots.
### Auction Stage
The pre-registration commences with a dynamic five-day auction stage, exclusively accessible to whitelisted addresses with a maximum bid quota of five. Here’s a detailed breakdown of the process, pricing, and the perks on offer:
- During this stage, early users can place bids on newly available domain names and continue bidding on existing ones.
- Bidding on existing names within the “My Bids” section doesn’t consume your bid quota.
- The minimum bid price for a new bid must exceed 105% of the previous bid.
- If your bid is outdone by others, you have the option to either keep bidding on that name or receive an immediate refund. Opting for a refund means forfeiting the bid quota for bidding on another name.
- Winning an auction secures your right to register the domain name. The registration can be for one year (default) or an extended duration. Notably, the first-year registration is free, as its cost is embedded within the auction.
- In the final 15 minutes of the auction, each new bid resets the remaining auction time to 15 minutes, ensuring a fair and competitive process.
### Domain Name Pricing
Early participants in the pre-registration stage are in for some exciting discounts, applicable for multiple years:
- The initial bid prices for 3/4/5+ character names are set at $180/$40/$4.5 worth in INJ, corresponding to the discounted one-year registration rates.
- 3-character names: $180/year (after a 40% discount, originally $300/year)
- 4-character names: $40/year (after a 20% discount, originally $50/year)
- 5 characters and more: $4.5/year (no discount)
### First-Come-First-Serve (FCFS) Stage
Following the conclusion of the Auction stage, the FCFS phase begins. This stage spans five days and allows auction winners to register the .inj names they secured. Simultaneously, other participants can register remaining names on a FCFS basis, according to their remaining quota.
- For instance, if you bid for five names in the auction and win two, the three remaining bid quotas transform into “Register Quota,” usable in the FCFS registration phase.
- If you didn’t partake in the auction or didn’t secure any names, your entire bid quota remains valid, converting into “Register Quota.”
### Format Requirements for Domain Names
When selecting your INJ domain name, keep these formatting requirements in mind:
- Name Length: Each domain name should consist of a minimum of three characters.
- Case Sensitivity: Only lowercase letters are permissible; capital letters are not supported.
- Special Characters: Characters like “:” and “/” are not supported, although “-” is acceptable.
- Emojis: In general, emojis are supported, expanding your creative possibilities.
- Different Languages: INJ domain names are designed to accommodate various languages, promoting inclusivity and accessibility.
## Reserved .inj Domain Names
In addition to the open registration pool, we’ve set aside a collection of .inj domain names exclusively reserved for partners and dApps within the Injective ecosystem. These domains are not available for public registration. This decision stems from our belief in the potential of these names to expedite the widespread adoption of .inj names while enhancing the overall community experience.
## What Lies Ahead
As the pre-registration phases draw to a close, we eagerly anticipate the launch of public registration, opening the doors for everyone to claim their INJ domain names. Furthermore, the trading of .inj domain names will be facilitated on NFT marketplaces hosted on Injective, including Talis. Stay tuned for more details on this exciting development!
The .inj domain name service is poised to become the decentralized identity standard across the Injective ecosystem and its myriad dApps. It has been an incredible journey thus far, and it wouldn’t have been possible without each and every one of our community members.
We can’t wait to witness the unique INJ domain names that each of you secures during the pre-registration event. Stay tuned for updates, and we look forward to seeing you there!
[Injective Logo] — Your Gateway to Web3 Identity and Beyond.