Domain Redemption Period is a new system for your expired domain name imposed by the Domain Registrar. Every expired domain name has at most 2 weeks to be renewed, and the exact time will vary by registrar. If you do not renew your domain name, the domain goes into a new period called the "Domain Redemption Period". This period lasts 30 days and requires an additional fee to be paid to the registrar to renew the domain. Once the Redemption Period ends, the domain will be deleted in 1-5 days and become available again as an unregistered domain.
You must register soon unless you want to get stuck with "the-domain-name-that-no-one-wanted.net". You do not have to have a web master or an e-commerce department or a web design consultant or... Heck, you don't even need a web page. Just go to our domain registration page and register your domain name before you loose the opportunity to get the name you really want