Crypto Paypal. Naming Service and Multi-Currency Wallet
Current Status
Currently I am testing the prototype on testnet. Ready to migrate in mainnet and start sales.
Market
Early crypto world.
We are improving the Metamask by adding BTC, LTC, DASH support and also naming service.
Problem or Opportunity
Let's look at domain names that have been created to ensure that people do not write the ip address 172.217.16.14 since it is much easier to remember the email. This simplicity is the Genesis of the World Wide Web. Domain zone is first decentralized system created by mankind. With the growing popularity of the Internet, millions domain addresses were sold. This is a huge and highly profitable market for registrants. Now there are 2943 registrants. A full list can be found at ICANN | ICANN-Accredited.
Solution (product or service)
Therefore, it is logical that the need to establish a decentralized system of binding emails (or domins) to addresses.
But we do not need to create the DNS, since we already have a smart-contracts of Ethereum that allow you to program the logic addresses already existing in the decentralized environment. We implemented the multi-currency wallet which can work as Metamask but for several coins like BTC, LTC, DASH, ETH, allow to register the human-readable name for them and also It will allow developer to use web3 interface and integrate it with their websites.
Competitors
ENS - Ethereum Name Service.
Advantages or differentiators
ENS created DNS implemented on Ethereum but I am very experienced blockchain developer and noticed problems of ENS. ENS does not allow to bind addresses with existent domain addresses when Ethnamed allows.
Also we are adding feature to let people bind addresses with email to simplify it in different ways.
Finance
we sell names bound to the crypto-addresses. The protocol is implemented and it allows to buy a name only for 1 year. Then you need to buy it again
Business model
We need money as a tool to make it popular.
We tokenize 1 million name registration units and sell tokens to early investors.
Price of the name for a 1 year - 0.01 ETH
Price of the token is - 0.001 ETH
Needs tokens to register the name - 1
Total Token Supply- 1 000 000
People will be able to buy a name and price will be 0.01 ETH but also they will be able to use your token in order to buy a name.
It means the market price is 10 times higher than token price :)
When the network becomes popular you will be able to transform $50 000 of investments into the $250 000 or more
Money will be spent on
Marketing - 90% (Cointelegraph, Bitcoinist, ..., Partnership, Roadshow)
Mobile Version - 10%
Offer for investor
I have described it above and will repeat it again here
Price of the name for a 1 year - 0.01 ETH
Price of the token is - 0.001 ETH
Needs tokens to register the name - 1
Total Token Supply- 1 000 000
People will be able to buy a name and price will be 0.01 ETH but also they will be able to use your token in order to buy a name.
It means the market price is 10 times higher than token price :)
When the network becomes popular you will be able to transform $50 000 of investments into the $250 000 or more
The possible risk is that marketing will take 6 month - 12 months.
Incubation/Acceleration programs accomplishment
GrowthUP Acceleration.
Forklog Early Investment
Won the competition and other awards
I do not like computer competitions but I have opensource projects. One of them nixar (http://askucher.github.io/nixarweb/#/) has 794,402 https://npm-stat.com/charts.html?package=nixar&from=2015-03-12&to=2018-03-01
