What is Nametoken?
It is a blockchain-based Domain Name investment platform free of the usual restrictions of a standard domain name service provider. The team behind the project have a domain name background with over 20 years experience both in the domain trading business and in developing applications. The company’s founders, Frank Menze and Jens Peterssen have previously traded domains worth several million US Dollars.
Tokens will be available for purchase with Bitcoin, Ethereum, or Litecoin. They don't accept exchange wallets and they warn that all funds transferred from exchanges will be lost. The recommended wallet to use is Mist, MyEtherWallet, Metamask or Parity to receive purchased tokens. Unfortunately, US citizens are not allowed to invest due to their country laws which was published a few days ago (24th of July 2017). But they could buy them on the secondary market.
What does it offer?
- Great investment because high-value domain names are treated like real estate and generate extraordinary profits.
- The investment more profitable due to the development of a project that they offer can increase the value of a domain name a lot in as a medium.
- Transactions between buyers and sellers are handled through smart contracts.
- It saves common fees of central institutions when buying or selling domain names.
- It splits, encrypts and publishes the hosting files across a decentralized network cloud.
- Users can earn Nametokens for registering, listing, buying, selling and parking domain names.
Will you be taking part in this token sale? Are you currently a domain name investor? Let me know in the comments below.
