The auction of the first stage of the domain name service ARB ID is over, and the second stage will be opened at 22:00 tomorrow

On February 19, it was reported that the auction of the first phase (Phase1) of Arbitrum Ecological Domain Name Service ARB ID was over, and the second phase (Phase2) would be opened at 2:00pm (22:00 Beijing time) on February 20. According to official data, the auction premium of 10712 domain names in ARB ID Phase1 is 183.59 ETHs. The auction premium will be fully distributed to all participants in Stage 1 and Stage 2. If the user has not won any auction, the quota will still be valid in Phase 2.

Interpretation of this information:

The message reports on the completion of the first phase of the auction for Arbitrum Ecological Domain Name Service ARB ID and announces the opening of the second phase. The auction involved 10712 domain names with a premium of 183.59 ETHs, and the premium amount will be distributed to all participants in the two stages. The message also clarifies that even if a user did not win any auction in Phase 1, their quota would still be valid in Phase 2. Overall, the message unveils important information for individuals interested in participating in the auction.

The first keyword that stands out in the message is “Arbitrum Ecological Domain Name Service ARB ID.” This keyword represents a blockchain-based platform that allows the creation and management of decentralized domain names that are secure, transferable, and valuable. The platform seeks to provide a solution to the current centralized domain name service by hosting domain names on a decentralized network. The ARB ID auction allows individuals to bid on a unique domain name and become its exclusive owner on the platform.

The second keyword is “Phase1,” which denotes the completion of the first phase of the ARB ID auction. The first phase of the auction involved bidding on 10712 domain names with a total premium of 183.59 ETHs. The completion of the first phase means that individuals can no longer participate in bidding on those domain names, and the premium amount collected will be distributed to all participants in the first and second stages.

The third keyword is “Phase2,” which signifies the opening of the second phase of the auction. The second phase of the auction allows individuals who were unsuccessful in the first phase to participate in bidding on the remaining domain names. It also enables new participants to join the auction and bid on the available domain names. The message indicates that individuals who did not win any auction in the first phase still have a valid quota to bid in Phase 2.

In conclusion, the message provides crucial information about the completion of the first phase of the ARB ID auction, the premium amount collected, and the opening of the second phase. The three keywords that summarize the content are “Arbitrum Ecological Domain Name Service ARB ID,” “Phase1,” and “Phase2.” These keywords represent the blockchain-based platform, the completion of the first phase of the auction, and the opening of the second phase of the auction, respectively.