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What does it mean to “reserve” a domain name/ what is “domain parking”?

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What does it mean to “reserve” a domain name/ what is “domain parking”?

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Domain Reservation or Domain Parking “stores” your domain name on name servers. In order for your name to remain unavailable to other parties, it must be reserved on nameservers. While your name is reserved, you can concentrate on creating an idea for your site.

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