Domain trading has long involved registering domain names and reselling them for a profit. Most domain marketplaces charge a success fee of 5-25% upon sale. CryptoDomainer offers a better way to sell domains by allowing listings without changing DNS settings, and letting sellers keep the usual 20% success fee. The platform uses Bitcoin multi-signature transactions as smart contracts to securely release funds to sellers only after a domain transfer is verified. This new escrow-like system provides the benefits of traditional escrow services at a lower cost.
3. Domain trading has been a
core business on the internet
ever since it was possible to
register a domain name.
4. As you know most domain
marketplaces charge a
success fee (5%-25%) if the
domain sells on their
website.
5. 1-Unlock your domain name
2-Disable any domain Privacy features
associated with the domain name
3-Obtain the EPP code(Extensible
Provisioning Protocol ) or change the
IPS Tag (Internet Provider Security tag)
for co.uk domain names
4-Change the DNS servers
5- Admin Contact verification code
6. So why is CryptoDomainer a
better way to sell your
domain names?
7. Because you can list the
domain for sale without
changing the DNS settings,
meaning that you can still
run your own website and
the cool part: we let you keep
the success fee (20%) if you
sell the domain using the
platform.
8. The result: this brand new niche
that will securely help you sell your
domain name faster. The business
will find a natural home among
crypto enthusiasts and domainers
who are by nature tech-savvy and
entrepreneurial.
10. The challenge: I want to create this
platform that uses a new protocol
called proof of transfer that
automatically looks on the who.is
database for the new owner of a
newly transferred domain name
and pays seller after the domain
transfer is complete.
11. • The solution: Bitcoin multi
signature transactions
allows to make payments
into a deposit that requires
the approval of m-of-n
parties in order to release
it.
12. Case A
When the transaction ends well and
both parties are satisfied, the buyer and
the seller sign a transaction together
that releases the payment from the
multisig address to the seller.
Case B
In case of a domain dispute, both
parties can contact the platform,
explain what went wrong and request
the platform to approve a transaction
that releases the payment in the
manner they find fair.
14. Not at all. If we look at a
traditional Escrow services,
it requires the parties to
deposit the funds into an
escrow fund, where the
service provider has full
control over them.
15. It provides arbitration
services, which provides the
same value as an traditional
escrow to the end-users but
at a significantly lower price.
Cool huh?