Caicos Islands domain name .tm is about to increase in price as of June 1!

The price of the already expensive country code top-level domain (ccTLD) .tm is expected to soar by hundreds of dollars next week (June 1), with annual registrations costing $1,000 or more.

The .TM domain name registry said a one-year registration or renewal will cost registrars $400, with the cost dropping to $200 for registrations of more than 100 domain names. The current price is $80, according to tldpricechanges.com.

.tm is the country and regional top-level domain (ccTLD) for Turks and Caicos Islands, known by its full name ".tm". This domain name is often considered to represent a trademark or commerce, and is therefore used in many cases for commercial websites or online stores.

The registry says the suggested retail price is $1,000. The price increase will take effect June 1st.

The registry also eliminated the practice of requiring all registrations to be 10 years old, instead adopting an industry standard of 1 to 10 years.

Today, the cheapest retail price I can find is $1,200 for a 10-year term. With the price increase, the same service could cost closer to $12,000.

.tm is the country code top-level domain (ccTLD) for Turkmenistan, but the registry is operated from the UK and owned by Paul Kane, who ran .io from the 1990s until selling it to Identity Digital a few years ago.

Source: domainincite