An ICANN accredited registrar, 4Domains, launched Domain Auction site DotPound.com. 4Domains is possessed and operated by SEInc, which has been in the hosting business since 1997.

John Palmer, CTO of 4Domains said it’s crucial to stimulate the demand for promoting and purchasing domain names for an industry providing successfulness for both the buyer and seller.

“We look at this site as a monument to the industry for providing a free service maintained by an ICANN Accredited Registrar to benefit the entire registrar and web hosting industry,” said Chuck Steinberger, CEO of 4Domains said.