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==Private Auction==
 
==Private Auction==
One.com won the rights to the .one string in a [[Private auction]] administered by [[Right of the Dot]]. The auction was a "single sealed bid second price" model, which means that both companies submit sealed bids, the bids are opened under video surveillance, and the winner
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One.com won the rights to the .one string in a [[Private Auctions|Private auction]] administered by [[Right of the Dot]]. The auction was a "single sealed bid second price" model, which means that both companies submit sealed bids, the bids are opened under video surveillance, and the winner pays the second-highest bid. In this case, the parties deposited their entire sealed bid with [[Escrow.com]], and the winner was determined by who had the largest deposit. The auction marked the first private gTLD auction conducted by Right of the Dot.<ref>[http://domainnamewire.com/2014/02/24/one-com-wins-one-contention-set-in-rightofthedot-auction/ One.com wins .one Contention Set in RightofTheDot Auction, DomainNameWire] Retrieved 24 Feb 2014</ref>
 
==References==
 
==References==
 
{{reflist}}
 
{{reflist}}

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