Selling Identity

The Modular Naming Service provides a selling feature that allows users to buy and sell Identities seamlessly through the MNS platform. This capability enables users to monetize their digital identities by listing Identity for sale.

Selling Identity Flow

1

Users can navigate to the Sell Identity page via:

• The My Identities page → Clicking the Menu button on the desired identity.

• The Identity Details (More) tab → Selecting the Sell button.

2

Setting Sale Parameters Upon reaching the Sale page, the user sets a desired price for the identity.

3

Parameters and Duration Configuration

• Enter the desired price for the identity.

• Configure the sale duration:

  • The start date is automatically set to the current date.

  • The end date can be selected from predefined options (3 months, 6 months, or 12 months) or set as a custom date.

4

Summary Review and Confirmation The user reviews the summary of the sale details and clicks the "Confirm and Sell" button to proceed with the listing.

5

Transaction Signing

Upon confirmation, the identity is officially listed for sale.

Manage Identity Sale

1. Managing Sale Details The user can manage the sale on the Sale details page.

2. Closing the Sale If the user wishes to terminate the sale, they can click the "Close Sale" button on the Sale details.

3. Outcome of the Sale Upon successful completion of the sale, the ownership of the identity is transferred to the buyer, and the original seller receives the payment in the selected currency. The smart contracts automatically update the identity registry to reflect the new owner, ensuring that the ownership details are accurate and up-to-date.