Changes

==ICANN Auctions==

==ICANN Auctions==

ICANN supports private auctions but offers its own model as a last resort. All gTLDs auctioned off under ICANN's auction model will see their proceeds going to ICANN as "excess funds" that go well past covering original costs. Those funds will be redistributed at a later date, in ways that are yet to be determined.<ref>[http://www.slate.com/articles/technology/future_tense/2012/11/icann_s_gtld_auction_proceeds_should_be_used_to_bring_mesh_technologies.html ICANN, Make a Difference], Slate.com. Published 27 November 2012. Retrieved 6 December 2012.</ref>

ICANN condones private auctions as it encourages all contending applicants to work out contention themselves, presumably through buy-outs, partnerships, and auctions. ICANN offers its own auction model as a last resort. All gTLDs auctioned off under ICANN's auction model will see their proceeds going to ICANN as "excess funds" that go well past covering original costs. Those funds will be redistributed at a later date, in ways that are yet to be determined.<ref>[http://www.slate.com/articles/technology/future_tense/2012/11/icann_s_gtld_auction_proceeds_should_be_used_to_bring_mesh_technologies.html ICANN, Make a Difference], Slate.com. Published 27 November 2012. Retrieved 6 December 2012.</ref>

==Private Auctions==

==Private Auctions==