Premium accounts are accounts with shorter names, they can be acquired by anyone, but at times be pricey and take a while to get. In this video I go through the details, which also applies for EOS and other EOSIO chains.
– Only 1 accountname can be won per 24h
– If the #1 account gets a new bid, or another name is bid for a higher amount, the 24h timer resets
– You will not get your wax back until your bid is outbid
– When you won a bid, the winning account can simply create the premium account through the normal account creation process.
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