On the first day of registration your domain name is registered at the domain registry and set up in Hover DNS. Within the next 48 hours (depending on DNS propagation) your domain name will resolve and appear in domain WHOIS lookups, such as http://whois.net/.
During the first few days, it is still possible to have your domain name deleted from the registry in case you change your mind or there is a spelling error.
By the end of the 5th day of registration the domain name cannot be revoked or deleted from the domain registry.
During the first 60 days, all domain registrations are non-transferrable due to a registry lock. After 60 days have passed, you can transfer your domain name to any ICANN accredited Registrar.
One year after the domain was registered it will expire and enter into a 40 day grace period. The domain name will stop resolving and all Hover services will be terminated. Hosting and domain forwarding services will be disabled and any associated email addresses will stop receiving new email; senders will receive a bounce back error message if they try to send an email to an email address using an expired domain.
During the grace period the domain owner can renew their domain and Hover services at any time at their regular price without penalty.
After the 40 day grace period the domain name is deleted from our registration database. The domain registry will provide an additional 30-day redemption period. During the redemption period the domain owner can have their domain name redeemed by paying from (175$ - 250$) redemption fee in addition to the cost of a one year service renewal.
During redemption, you may notice the domain's expiration date in WHOIS lookups has moved ahead one year in the registry database. This is a temporary auto renewal at the registry.
70 days after expiration the redemption period ends. The domain name will be placed in a "Pending Delete" status at the registry for up to five days. During this time, it is not possible to redeem or recover the domain name.
After the five day pending delete period, the domain will be deleted from the registry. At this point, the domain will be available to the general public for new registration.