Colleagues, I'm seeking your expert insight.

My query revolves around a scenario where multiple stakeholders are vying for the same domain name via backordering.

Take, for instance, the ExactGo domain, set to drop on December 20th. In this scenario, numerous parties will likely submit a backorder for this coveted asset. The million-dollar question is: who will ultimately secure this prized domain? Will it be a first-come, first-served basis, or will the registrar employ a randomized allocation system, such as a 'domain auction' or 'proxy bidding' mechanism, to determine the winner?

When a domain name is set to drop, multiple stakeholders may submit a backorder to secure it. In this scenario, registrars typically employ a randomized allocation system, such as a domain auction or proxy bidding mechanism, to determine the winner.
This approach ensures a fair and transparent process, as each backorder is assigned a unique bid, and the highest bidder wins the domain name. The registrar may also consider factors like the backorder's authenticity, technical requirements, and the bidder's reputation before awarding the domain.