Welcome to the .pi Domain Auction
Auction Participation Rules
Eligibility:The entire Pi community and any individual that is able to acquire Pi through centralized exchanges (CEXs)Duration:The Auction starts on Pi day, March 14, 2025, and will end on Pi2day, June 28, 2025. Individual domain auctions, for specific domain names, will be extended if there are new bids within the 24 hours prior to the end of that domain auction. To be clear, this means that the individual domain auction for a specific domain name will only end once there has been no new bid for the 24 hour period prior to the end of that domain auction.Rules and how to participate:Pioneers can participate by visiting https://domains.pinet.com on the Pi Browser, which will guide people to the related products such as the Pi Wallet to complete the bid.●In the Auction interface, type the domain you want to secure for your use; ●Make a bid (the minimum bid is 10 Pi) for the domain; and●The highest bid wins and purchases the .pi domain for their exclusive use, subject to a potential future yearly registration and maintenance fee, similar to traditional internet domain fees.Method to Bid:●Pioneers can take advantage of the full-fledged functionality of the Pi blockchain—the claimable balance feature which allows Pioneers to send their Pi as a bid for a domain in a reversible manner. This means they can withdraw the amount they previously bid at any time before the end of the Auction. ●Shortly after the launch of the Auction, people who only possess Pi through exchanges will also be able to participate in the Auction. Since exchanges do not support claimable balances, the process will be different. In those cases, the Auction user interface will produce a custom Pi blockchain address for each one of the domains they want to bid on (these special addresses will start with the letter “M”). Those individuals will then be able to send Pi to those addresses as their bid. Since these bids are implemented as standard payments, any refunds will only be processed after the end of the Auction. With respect to the transfer of the domain to these winners, they will need to establish standard Pi blockchain accounts in order to receive their .pi domain. People who want to make use of Pi blockchain are able to become Pioneers through the normal onboarding process via the Pi mobile app.Note: The Company reserves the right to invalidate or remove any Domain Auction or bid for any reason in its sole discretion. For example, we may exclude already reserved domains and certain domains from Auctions to reserve for official or future use, such as pi, pinetwork, coreteam, maps, etc. Vulgar or offensive language will also be excluded. Participants of any invalidated Auctions will simply receive back the amount that they provided as their staked bid either anytime through the claimable balance feature or after June 28th, 2025 for non-Pioneers. Gas fees apply. Auction participants will be required to pay the gas fees for every bid added (0.01 Pi), modified (0.02 Pi) or removed (0.01 Pi). Additional or higher gas fees may be applicable in practice as the blockchain determines. The Company reserves the right to change or modify these rules at any time in its sole and absolute discretion, with or without notice to participants.