Changes

===Right of the Dot===

===Right of the Dot===

An ascending clock model is offered by [[Right of the Dot]], though it also has proposed "sealed bid" and "live auction" models. One of its overall goals is to offer applicants "flexibility", and cater to the "desires of the participants".<ref name="CircleID Comments">[http://www.circleid.com/posts/20130102_private_vs_icann_auction_of_last_resort/ Comments by Mike Berkens, Private vs. ICANN Auction of Last Resort, CircleID.com]Posted jan 2 2013, Retrieved Jan 7 2013</ref> In a sealed bid model, applicants securely send money via a courier and packages are stored in a safe place until they are opened at the auction session.<ref name="worldipreview"></ref>

An ascending clock model is offered by [[Right of the Dot]], though it also has proposed "'''sealed bid'''" and "'''live auction'''" models. The sealed bid auction sees each applicant submitting a sealed bid, the highest bidder winning and paying the amount of the second highest bid. In a sealed bid model, applicants securely send money via a courier and packages are stored in a safe place until they are opened at the auction session.<ref name="worldipreview"></ref> Live auctions are held in real time as bidders shout out or submit electronic bids. One of its overall goals is to offer applicants "flexibility", and cater to the "desires of the participants".<ref name="CircleID Comments">[http://www.circleid.com/posts/20130102_private_vs_icann_auction_of_last_resort/ Comments by Mike Berkens, Private vs. ICANN Auction of Last Resort, CircleID.com]Posted jan 2 2013, Retrieved Jan 7 2013</ref> In comments on a [http://www.circleid.com/posts/20130102_private_vs_icann_auction_of_last_resort/ CircleID Post] by [[New gTLD Program|new gTLD applicant]] [[Ray King]], Mike Berkens of Right of the Dot notes that the main opponent [[Cramton Associates]] is restrictive, writing: "the other auction solution is offered only during highly restricted time frames, and in a highly restricted manner, which we think was designed in mind with the those with largest number of applications." He goes on to say: "We believe that other auction solutions are overly complex and overbearing we believe is more subject to game playing and over paying by winning bidders. We think each auction should stand on its own; each participant should know what their fees will be based on their own auction(s) not be based off auctions they are not participating in; and most importantly should be held at the time and in the manner in which the applicants to each string desire."

Right of the Dot has partnered with [[Escrow.com]] to facilitate their auctions.

Right of the Dot has partnered with [[Escrow.com]] to facilitate their auctions.