You can’t own a domain name..

You don’t actually own a domain name. Why? Because this allows unused domain names to become available for others to use.

Imagine if every domain name were bought but left unused; the web would be cluttered with locked domains that can’t be utilized by anyone.

When you think you’ve purchased a domain name, what you’re doing is paying for the right to use it for a year or more. You can renew, and your renewal takes precedence over others’ applications. However, it’s essential to understand that you never truly own the domain name.”