ONLINE AUCTIONS

Online auctions will be conducted for specific Phone Words. Each Phone Word will have a reserve price (or opening bid) which will be set by National Phone Words Registry.

Upon registration, any company or individual with a valid application will be able to bid for the Phone Word on the auction day. The identity of auction participants will be made public during the online auction.

Before an auction commences, every business in the related industry will be contacted and offered an application to participate.

Once an online auction has been completed, it is estimated that virtually each Phone Word will be sold. This usually takes the Phone Word asset out of the marketplace forever.