What does it means when my domain is in "Redemption"

Once a domain goes into the redemption period it can be obtained by other parties. You may still be able to redeem the domain for up to 30-days by paying the redemption fee and renewal fee to reactivate the domain.

At the end of the Redemption Period the domain(s) will go into a 5-day delete cycle at the end of which they will become available for anyone to register.

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