Why it matters
Many new gTLDs hold back short or common words and sell them at premium prices. The renewal price may also be premium, not just the first-year price. Buyers must check the renewal fee before purchase, since a name that is cheap in year one can be costly in year two. ICANN notes that registrars set their own prices, and renewal costs can differ from the first-year fee. Common mistake: confusing a registry premium with an aftermarket price. The first is set by the registry, and the second by an owner.
Source: icann.org
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