X Set to Sell Inactive Usernames to Verified Organizations for $10K: Insider Code Leaks Exciting Details!
In an exciting development for users of X (formerly Twitter), the platform is launching a new initiative to monetize dormant usernames through a bidding process. This innovative approach not only aims to boost X’s revenue streams but also encourages active user engagement. Verified Organizations, which have a subscription fee of $1,000 per month, will soon have the opportunity to bid on abandoned X handles, with starting bids set at $10,000 and potentially exceeding $500,000.
Overview of the Handle Inquiry Process
Recent changes to X’s web application have unveiled a “handle inquiry” system, which was first noted by reverse engineer Nima Owji. While the formal website for organizations to acquire handles is not yet accessible to the public, the updates signal a significant shift in how X plans to manage its username inventory.
Key Features of the Bidding System
- Starting Bid: The bidding for dormant usernames will commence at $10,000.
- Potential Range: Bids could escalate to over $500,000, depending on the username’s desirability.
- Automated Inquiry: Users will initiate the process through an automated support bot to check username availability.
- Transfer Timeline: Once purchased, handles will be transferred to the new owner within one to two days.
- Multi-Handle Discounts: Discounts may be available for organizations purchasing multiple usernames.
Background on X’s Username Management Strategy
This initiative is part of a broader strategy that X has considered under the ownership of Elon Musk. In a report by The New York Times in January 2023, it was revealed that the platform was exploring an online auction for usernames. Musk has consistently advocated for freeing up usernames to encourage active participation on the platform.
Moreover, an article from Forbes in November 2023 highlighted X’s efforts to engage potential buyers for unused handles, despite no formal announcement about the auction process at that time. X’s policy on inactive accounts currently states, “we cannot release inactive usernames at this time,” although unofficial transactions of usernames have been reported.
Benefits of the Username Bidding Process
By allowing companies to officially acquire their desired usernames, X could not only create a new revenue stream but also foster a more active user base. This initiative encourages users to continue engaging with the platform, as they would want to retain their handles instead of risking them becoming dormant and available for sale.
FAQs About the Handle Inquiry Process
The FAQ section within the web app provides crucial insights into the handle inquiry process, addressing common questions such as:
- How to start a handle inquiry.
- The sales process and timeline.
- How transfers will be executed.
As the platform evolves, X remains committed to enhancing user experience and engagement through innovative solutions. While X was approached for comments regarding these developments, they have yet to respond.
Stay tuned for more updates on X’s username bidding process and other exciting features!
