Founded by Tristan Colombet in 2013, DomRaider offers an auction service for expired domain names with a choice among hundreds of thousands of domain names about to be released. The company also offers its clients options for administrating their domain names, redirects, DNS entry management, and more.
DomRaider works on a global blockchain network dedicated to the decentralization of real-time auctions.
DomRaider is a simplified joint-stock company registered in France whose annual accounts are audited by KPMG as Statutory Auditor. Tristan Colombet, CEO and founder of DomRaider explains:
"We are very excited to launch the first ICO run by a French company that has proved its worth and which counts 4 years of existence. This step, which is an important stepping stone for the development of DomRaider, fully illustrates the emergence of the blockchain within the real economy. Through this ICO, we want to take advantage of this technological revolution to transform the auction sector "
- Introduction to Drop Catching
Drop Catching is the process of retrieving expired domain names for registration and resale.
Indeed, when someone registers a domain name, he becomes the holder, without limit of duration, as long as he pays the annual renewal fees. However, when a registrant ceases to renew his domain name, the domain name enters a release process and can be retrieved by someone else.
Currently, there are nearly 330 million active domain names in the world. There are nearly 2,500 extensions of which ICANN, the regulator, has delegated management to different registers around the world.
The domain name industry is little known but very important.
Here are some spectacular examples of sales operated on this second market of Drop Catching:
- Key points
Backed by the strong growth in sales, the Dom Raider team tripled in one year to 30 people already split between three countries: France, Italy and Sweden. Offices in Montreal and London are expected to complete their international coverage at the start of the school year.
With more than 20,000 transactions under its belt, the company has prestigious clients such as Warner Music Group, the Ministry of National Education, Axa, the French National Olympic and Sports Committee and Météo France.
- A Blockchain for Auctions
DomRaider plans to launch a new, open, decentralized platform dedicated to the real-time management of any auction in the world, online or live.
Thought by an actor in the world of auctions, the solution proposed by DomRaider will respond immediately to the needs of the industry.
A concrete implementation
Most blockchain technologies today suffer from severe adoption difficulties. DomRaider benefits from a structure already established, already financed and a business model that has proved its worth and that can facilitate the adoption of blockchain technologies by integrating it into a public solution accessible to all.
Hey Adil, didn't dive completely into it, but this seems one of the better reviews I've seen, with your own 'stamp' :).
FYI... the first version of the auction platform is live:
https://www.newsbtc.com/press-releases/domraider-group-auctionity-auctions-solution/
#cryptocurrency #news #auction #domraider