Changes

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* Elimination of ICANN Process Delays: Resolving contentions externally allows for more efficient application processing.
 
* Elimination of ICANN Process Delays: Resolving contentions externally allows for more efficient application processing.
 
* Recovery of Funds: Non-winning bids receive a portion of the winning bid.
 
* Recovery of Funds: Non-winning bids receive a portion of the winning bid.
* Partial Application Fee: Those who not win their TLD may be eligible to receive a partial refund from ICANN, in addition to payouts from the winning bids.
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* Partial Application Fee: Those who do not win their TLD may be eligible to receive a partial refund from ICANN, in addition to payouts from the winning bids.
    
Drawbacks of the private auction model include the following:<ref name="circleid"></ref>
 
Drawbacks of the private auction model include the following:<ref name="circleid"></ref>