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What is the redemption period?

For certain registries, approximately 30 days after a domain name expires it goes into what is called the redemption period.
The redemption period lasts for approximately 30 days.
During this period the domain name can be redeemed by the original registrant for an extra fee that vary a lot depending on extension, the fee always includes a one year renewal.
If the domain name is not redeemed it will be deleted by the registry and made available for registration.

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