How to extend OneID
Last updated
Last updated
As OneID is subscription-based. If you wish to continue ownership of your IDs, you need to extend it before the expiration date.
You should not wait until last minute to do the extension, we suggest you do it a few months or weeks in advance.
Your extension period will start right after its precedent ends.
Step 1: Access MyIDs section and connect your wallet address
Step 2: Choose IDs that you want to extend, then click on Extend button on top right of screen
Step 3: Update information and checkout. You can do the followings:
1. Adjust extension period: OneID allows you extend for minimum 1 year, and maximum 10 years. Simply click on the + or - below each ID to adjust
2. Add more IDs: Add more ID to extension by simply click on Add IDs button on top right of screen
3. Change payment token: You can choose supported payment tokens
Once done, click Approve button to proceed.
Step 4: Confirmation
A wallet extension pop-up windows will show up, click Confirm, and then proceed to payment
The ID will go through 3 periods: Grace period, Premium period, and Unregistered.
Grace period - last 30 days: After expiration date, your expired ID will enter Grace period, which lasts for 30 days. In this period, you can extend ownership of your ID and send the ID normally. But you can't use OneID-related services (Send, Receive, Login) as your wallet will be unlinked with the ID.
At the end of Grace period, if you don't extend your ownership, you will no longer own that domain. It means you won't see the ID in your OneID section, and your KYC data will be erased.
Premium period - last 7 days: After Grace period ends, the ID will enter Premium period, which lasts 7 days. In which its premium fee (which will be incorporated into final price) will gradually decrease from $1 million to market price at 7th day. Any user, at any time in this period, can buy the ID. (Much like Dutch auction)
The NFT of the ID, however, still presents in your wallet until someone else registers the ID. At which your NFT will be burned.
Unregistered status: After Premium period ends, the ID will be marked as "Unregistered", and be offered at market price as brand new ID.
KYC-related: Your KYC data will be erased at the end of Grace period. If you lose KYC-ed OneID, then the KYC data attached to that OneID will be erased as well. We can not migrate KYC data to another OneID or restore it for you afterwards.
After Grace period, the ID will be available on market. In case the ID has not been bought by others yet and you wish to buy it back, simply go ahead and buy it normally.
In case the ID has already been bought. We are sorry about your case. No, OneID can not buy the ID on your behalf. Neither can we get back the ID from its rightful owner to you. If you wish to get back your previously-owned ID, consider sending its current owner a friendly "Hello" via Coin98 Messenger and talk it out.
It starts right after expiration date.
Extension does not affect your KYC data. Hence you don't need to KYC again in extension period.
