[ENS][Q15] Renewal Timeline
Create a visualization depicting how likely a renewal is to happen as time approaches the expiration date of the domain. Are more renewals done right before expiration or is it a more gradual distribution?
Looking at the above percentages, it's clear that:
- If a renewal is to happen, it is far more likely to happen (Porbability>70%!) before the scheduled expiry of the registry.
- On rare occasions, some registries are renewed after expiration occurs.
Notes about the chart:
- A Negative(-N) on the X-Axis denotes N weeks BEFORE the expiry week.
- A Positive(+N) on the X-Axis denotes N weeks AFTER the expiry week.
- Zero(0) denotes a registry's expiry week.
- The extreme ends of the X-axis denote registries taking 50 OR MORE weeks.
After glancing at the Timing Tendency chart, some of the noticeable patterns:
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There is a gradual build-up of renewals ~24 Weeks ( or ~ 6 months ) out from their respective expiry deadlines.
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The pace starts to really pick up when it's down to just 3 months to the deadline, with the final month seeing the most renewals.
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There's a gradual decrease in late/post-deadline registrations from the blow-off top too. Makes sense, since eventually if it has been long enough, the user is no longer likely to care enough about a renewal. Plus the domain might also be re-registered!
The Anomaly: The extreme left of the chart has quite the surge! What prompts people to renew their domains as early as 50 weeks ( or even more) earlier from the expiry???
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Some people might be interested in paying upfront for their domains and not have to frequently keep the deadlines in check?
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Majority of the time, the ETH network has very high transaction fees. When the fees get absurdly low, topping up existing domains/registering new domains is usually the goto choice of the usual ETH ecosystem enjoyer!