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BuyOut

BuyOut means the purchase of all shares of a domain. If the domain owner accepts a BuyOut offer for his domain and the value of the BuyOut offer is less than 150% of the domain’s current Fusu market value, then 90% of shareholders have to agree to the BuyOut for it to become effective. If the BuyOut offer is higher than 150% of the domain’s market value, then the domain’s shareholders get paid out their pro-rated share of the BuyOut price and the domain is sold.

BuyOut Bid

A BuyOut bid is a BuyOut offer for a domain.

Domain Owner

Domain Owner is the user who owns more than 50% of the domain's shares.

Fusu IDO Auctions

A Fusu IDO Auction means the process of auction that allows the allocation of shares and the finding of an initial share price before an Initial Domain Offering.

IDO

IDO (Initial Domain Offering) means the initial sale of shares in a domain from a domain owner to new shareholders through Fusu.

Premium Investor

A Premium Investor is someone who has invested a certain amount of money on Fusu, or purchased the Premium Investor status directly. Only Premium Investors may participate in Fusu IDO Auctions.

Premium/Postpaid Auction

A Premium/Postpaid Auction Auction is a Fusu-verified auction for selling a domain completely.

The domain is reviewed and guaranteed by Fusu. It must be in Fusu's escrow account during the auction.
After the end of the auction, the winning bidders pays using Fusu as escrow agent, via Paypal or wiretransfer.
Fusu charges both buyer and seller a 1% fee of the winning bid.

Premium/Prepaid Auction

The Premium/Prepaid is a Fusu-verified auction for selling a domain completely.

The domain is reviewed and guaranteed by Fusu. It must be in Fusu's escrow account during the auction.
In order to bid, users have to charge their Fusu account with the amount they want to bid. This guarantees that the winning bidder will pay for the domain, but may have an adverse effect on bidding motivation.
Fusu charges both buyer and seller a 1% fee of the winning bid.

Public Shares

Public shares are those shares of a domain that are not owned by the domain owner. For example, if a domain has 10,000 total shares, and the domain owner listed 45% of it on the Exchange, then the domain would have 4,500 public shares.

Share Bid

Bid means a BUY or SELL offer for shares.

Shareholder

Shareholder means a person who owns shares in a domain.

Shares

Shares mean the pro-rated rights to a domain's derivatives values, such as future sale revenue, monthly parking revenue, as specified on the Fusu website; these derivative rights are sold by the Domain Owner to Users, who become Shareholders in the process, and who can trade them on the Exchange.

Standard Auction

A Standard Auction is a classic auction for selling a domain completely.

The domain is listed immediately for auction, without any verification through Fusu.
The domain is not reviewed or guaranteed by Fusu.
After the end of the auction, the winning bidders pays the domain owner directly, via the payment method allowed by the owner.
This auction type is free of charge.

If the auction has a winner (meaning if the reserve price is met), Fusu will send a message to the domain owner and to the winner with each other's contact details. After that, it is up to winner and seller to settle the transaction and transfer the domain. Please note that in the Standard Auction, the complete domain is sold, and not just shares.

Transaction

A transaction is the part of a BUY or SELL Bid that has been executed. For example, if you create a Bid to BUY 500 shares of a domain at $1 per share, and another user is selling 200 shares in that domain, then the effective transaction is for 200 shares.