NAMETOKEN: Trailblazer of the Investment Industry
"Domains have and will continue to go up in value faster than any other commodity ever known to man."
- Bill Gates
Nametoken (NAT) is a decentralized platform which aims to provide a platform for investment in Internet domain. The team behind the project has 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 are two masters of blockchain technology. They have previously traded domains worth several million US Dollars. Also, they have successfully launched e-commerce projects that have generated several million US dollars in sales.
Nametoken aspires to revolutionize the domain industry by creating the first decentralized domain eco system. Few years ago, the founder of Nametoken had bought the domain name “druckerpatronen.de” as a domain investment. The domain has been developed by the talented team and is now one of the largest online shops for printer cartridges in Germany.
Why NameToken?
Nametoken’s uses Ethereum and blockchain-based platform that enables users to buy and sell domain names safely and profitably. The monetary interactions between buyers and sellers are handled through smart contracts, giving pace to automated payments, leading to the customers’ satisfaction and fulfillment. Other salient features of this platform are:
1.The platform is decentralized, it enables users to realize significant savings on transaction fees typically associated with buying and selling domain names.
2.It enables the users to monetize their portfolios and earn Nametokens by registering, listing, buying, selling and parking domain names. The key behind this eased process is Nametoken’s arsenal, however, it will be their proven domain appraisal algorithm which, when combined with user generated data, will mean only interesting and relevant domain matches will be shown to domain buyers.
3.It is quite economical as compared to other platforms as it saves thousands of fees on domain related transactions. The nametoken systems are built on the Ethereum blockchain. Hence, there are no central servers can go off service.
4.To eliminate all sorts of possible manual errors and counterparty risks, nametoken stores all funds in smart contracts, allowing fast and automated payments.
Distribution of tokens:
Revenue from the tokens and trading of domains is processed according to the “Intended use of revenue” graph. They are rigidly committed to transparency in their operation and as can be seen; 40% will be reinvested back into Domain investment, with 30% going to ongoing development and 18% to marketing.
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
The company aims to revolutionize the existing ecosystem. The team behind this successful venture aims to build a stable and trustworthy platform which benefits the investors. The use of blockchain and ethereum has made NameToken unconventional yet popular. Investments with NameToken are quite beneficial as they multiply the capital in an easy and economical manner. NameToken promises a bright future for the investors.
For more information visit:
Bitcoin talk thread: http://bitcointalk.org/index.php?topic=2060362
Website: https://www.nametoken.io/
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