Nametoken is creating a decentralized domain name ecosystem and has launched an ICO on 1st of August 2017. Bill Gates was once quoted saying, "Domains have and will continue to go up in value faster than any other commodity ever known to man". Domains are indeed one of the fastest growing commodities. There were situations in the past when people who owned domains like Insurance.com or even FB.com went on to become millionaires just because they had bought the domain. I'm sharing few examples below that show the same,
● Insurance.com – 35.6 million USD (2010).
● Internet.com – 18 million USD (2009)
● Israel.com – 5.88 million USD (2008)
● Medicare.com – 4.8 million USD (2014)
People who owned these domains went on to become millionaires.
Very much like this, the founders of Nametoken had some past in Domain reselling. Frank Menze and Jens Petersen, the founders of Nametoken have previously traded domains worth several million US Dollars.
You might know that it is really difficult to find a buyer for your domain and even if you do, you'll have a hard time negotiating the whole deal and getting your payment done. To sort this out, Nametoken is launching a Domain Name Marketplace where people can buy and sell domains.
Nametoken's platform will be Ethereum blockchain-based and it will enable users to buy and sell domain names securely. The unique thing about their platform will be that all transactions between buyers and sellers will be handled through smart contracts which enables the chances for fast and automated payments. Since the platform will be decentralized, users will be able to make significant savings on transaction fees which are typically associated with buying and selling domain names.
Earning Nametokens
Registered users will be able to earn Nametokens by listing, buying and selling domain names. Nametoken's domain appraisal algorithm shows only relevant domain matches to domain buyers.
Listing of Nametokens on Cryptocurrency exchanges
As mentioned on their website. Nametoken team cannot guarantee exactly on a number of exchanges the tokens will be traded on once the ICO has ended. But, they have said that they are currently in talks with multiple exchanges and their tokens will be live on at least several exchanges.
Initial Coin Offering
To make domain buying and selling more efficient through the decentralized blocked-based platform, Nametokens are raising funds through ICO. The most unique thing about them is that, unlike, other ICO, they will not be holding the majority of the tokens as they will be trading off 90% of the tokens. This means that 90% of tokens will be available for sale to the general public.
Distribution of tokens
As stated above, 90% will be available for investing in, 7% will go to the team and rest 3% will be allocated for the Advisory team and legal services.
Use of Revenues generated
Development – 40%
Marketing – 18%
Legal – 2%
Operations – 10%
Domain Investments – 40%
Important Dates and Key Figures
Starting date of ICO: - 1st August 2017
Ending date of ICO - 30th September 2017
Token symbol: – NAT
Token Supply: - 98,000,000 NAT
Exchange Rate: - 1 NAT = 0.00025 BTC
Accepted Currencies: - BTC, ETH, LTC
Why should you invest in this project?
Bill Gates believes that investments in Domain can provide really wonderful returns and I completely support his statement. There have been people who have made millions of dollars just because of the tiny investment they made on their domain. And I think that for all those who are in this field, for them, this is a must-invest ICO. It will nice to see them in the near future.
For more information visit:
Bitcoin talk thread: http://bitcointalk.org/index.php?topic=2060362
Website: https://www.nametoken.io/