Nametoken Announces ICO to Support Decentralized Domain Ecosystem
The owner of the Name token announces its Initial Coin offering for its innovative decentralized domain ecosystem.
This during the tokens can be purchased using BTC, ETH, and LTC.
The initial exchange of rate is 1 NAT = 0.00025 BTC. The participants can receive additional bonuses up to 50% for early purchases. The Nat tokens are expected to be traded on multiple exchanges with negotiations currently underway.
They effective BTC, ETH and LTC exchange rates will be set one hour prior to the launch of the Name token seeks to raise 20200 BTC to fund their project.
The funds has raised through the ico will be allocated as follows: - Development 30%
Marketing 18% - Legal 2% - Operations 10% - Domain Investment 40% - Name token intends to begin acquiring premium domains in October 2017. The application development shall commence during the fourth quarter of 2017 with beta testing scheduled for the early part of 2018. The Name token hopes to be fully operational by the second quarter of 2018.
The Name token intends to launch the world’s first decentralized domain ecosystem where investors can supply real time input on the potential profitability a domain possesses. This data will be gathered via their intuitive mobile app that will reward users for their participation. Users can gain additional NAT tokens by buying, selling, parking or registering domains. There are multiple components that make the Name token platform a smart maneuver.
The staff of Name token possesses have 20 years of experience in the field of domain registry investing equaling millions of dollars in profit.
They use of an innovative mobile app allows for real-time feedback from investors.
Users are rewarded with NAT tokens for their participation, further driving the data collection capabilities of this intuitive platform.
The Nat tokens are a deflationary token with 50% of the ICO profits earmarked for reinvestment further increasing NAT tokens market share value.
This use of a proprietary Domain Appraisal Algorithm allows Name-token to gather a common consensus from investors and combine this information with their years of experience to make the wisest investment possible.
The funds are stored in smart contracts that live on the Ethereum blockchain.
The Name token’s goal is to create a decentralized domain ecosystem. Decentralization offers unlimited potential for the hosting and domain industries.
The customers can save thousands on fees for domain related transactions. These payments can be sped up and automated by utilizing the Ethereum blockchain and all transactions are stored in redundancy.
The name token looks to further their market share by offering the public access to a full suite of web services including hosting, encryption, and the domain development. These hosting and domain industries are desperately in need of decentralization and Name token is at the forefront of these necessary changes.
Source - https://news.bitcoin.com/pr-nametoken-announces-ico-to-support-decentralized-domain-
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