Web3 Domains Registrar: How To Set the SLD Price for Your TLDs
The domain name system has evolved with the emergence of Web3 technologies. It allows people to purchase decentralized domains and establish decentralized websites. It is also the foundation of all kinds of blockchain services like web3 emails, web3 meetings, crypto payments, etc. Decentralized domains are registered on the blockchain. They provide distinct advantages over standard domains such as greater security, resistance to censorship, and ownership control.
If you own a TLD, knowing how to establish the SLD price is critical to ensuring that your domain is reasonable and accessible to customers. Also, you have to hold important generating income for yourself. In this blog post, we’ll look at how Web3 domain registrars work. We will also look into what factors determine SLD pricing. We’ll discuss how to create a competitive SLD fee to attract people to your TLD and produce long-term revenue.
You will learn and get detailed instructions on setting SLD rates for your TLDs on Web3 domain registrars. You need this whether you are a business owner, a blockchain enthusiast, or a domain name investor.
Find a video tutorial on how to set custom prices here!
What is a Web3 Domain Registrar?
Web3 domains registrar is a decentralized platform that uses blockchain technology to provide domain registration and management services. Users can utilize Web3 domain registrar to register and administer their own top-level domains (TLDs). You can as well as determine the rates for their second-level domains. (SLDs).
To change the SLD price for your TLDs, go to the “Pricing” section of your domain management dashboard. Select the TLD for which you wish to establish prices and enter the appropriate price for each SLD. You may also define various rates for premium domains and SLD categories.
How To Set the SLD Price for Your TLDs on Freename
As you read on, you will learn all that you need to know about SLDs prices. You will also learn how you can choose the perfect price as you earn passively via your registered TLD. This is one of the latest and most amazing offers from Freename, the custom SLD pricing.
Before we dive into the steps for setting up a custom SLD price, let’s first understand what SLDs are. Also, what they are and why they are important.
SLD stands for Second Level Domain, which is part of the domain name that comes directly before the TLD (Top Level Domain). For example, in the domain name “example.com,” “example” is the SLD, and “.com” is the TLD. SLDs are important because they help to identify and differentiate websites on the internet.
Now, let’s talk about SLD pricing. SLD pricing refers to the cost of registering and maintaining an SLD for a particular TLD. The price of an SLD is set by the TLD registrar, but with custom SLD pricing offered by Freename. You can set your own price and earn passive income.
You must be really excited because of this benefit that comes with being a Web3 domain registrar and a TLD registrar. Setting up a custom SLD price is quite easy and less time tasking. Follow the steps as discussed below and you won’t have any difficulties as you proceed:
Log in to your Freename account and go to your dashboard.
- Go to my user and then, to my portfolio, navigate to your Freename TLDs. You might have registered one or more TLDs. You will find every one of them there.
- Go to Manage, for example, let’s say .lambo. Please note that you need to have Royalties activated in order for this function to work. This is because you need to allow other users to register domains under your TLDs.
- Inside the .lambo here, you will see the customized prices section.
- Click, and you will have all the combinations of letters, emojis, numbers, etc. Other users can register under your TLD. All of these are different use cases that help you utilize your user intents.
- Save your change once you are satisfied.
Please note that it depends on which domain you are checking out. Some might have two numbers, while some might have up to three numbers. This provides you with all of the combinations that you can think of. With that, you can choose in which case to change the pricing.
For example, if you want to change the pricing for domains registered under the .lambo TLD with two numbers. You can just use this scroll here to select the price, that is the final price of the SLD.
Before applying the change, you will have the basic price from Freename. Then a result when you have applied your variation to this specific domain. Remember, every one of these is a different instance of a possible domain that is sold under our TLD. You can scroll through it all and just check whether to change the pricing for any of those cases.
Once you’ve selected the prices for every combination that you like, you will just have to save the changes via email verification. From then on, all of the domains sold under your TLD will be priced accordingly to what you indicated there. This gives you total control over the pricing under your SLD, making you one of the Web3 domain registrars.
Setting the second-level domain (SLD) price for your top-level domains (TLDs) in the Web3 domains registrar is an important decision. It also requires careful consideration of factors such as market demand, competition, and the perceived value of your TLDs. You should be taken into account when determining the price of your SLDs.
It is important to strike a balance between setting a price that is affordable and attractive to potential buyers. It must also generate sufficient revenue to cover the costs of running and maintaining your TLDs. Additionally, it is recommended to monitor the market trends and adjust the SLD price accordingly. It will help it to remain competitive and relevant in the ever-evolving Web3 ecosystem.
Ultimately, the success of your TLDs will depend on how well you position them in the market. The SLD price is a crucial component of that strategy. You must carefully consider the various factors and take a thoughtful approach to price. Through that, you can maximize the potential of your TLDs and position yourself for long-term success in the Web3 space.