Why Signum
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Signum Basics
Aliases

Renewal Fee

3min

Every Alias is bound to a renewal subscription. Every time a new alias is registered, a subscription is created with a deadline of 3 months (7776000 seconds) and a value of 12.5 Signa. This subscription works similarly to a regular Signum subscription. When it expires, the payment gets executed, and a new deadline gets set.

Suppose the current alias owner needs more balance when payment for the renewal subscription gets executed. In that case, the related Alias is deleted along with its renewal subscription, making expired aliases available again for any user.
Suppose the user cancels the alias renewal subscription. In that case, the Alias is also deleted and becomes available for other users to create as fresh and new.
Suppose an alias that already has a subscription assigned to it gets sold. In that case, the chain transfers the subscription to the new alias owner with the current deadline.

If the Alias gets deleted, the chain will automatically cancel any active private or public sale for this Alias.

Renewal Fee Handling

If the Alias has no TLD set (but using the default .signum) or is one of the default STLDs, the amount paid by the renewal transaction gets burned along with the subscription fee. If an Alias uses aCustom STLD, the renewal amount gets distributed to the current owner of the STLD, and the subscription fee gets burned.

Updated 03 May 2023
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