Domain Empire

news Blockchain Company Monkey Acquires Monkey.com for $500,000

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Blockchain development and news and information service company Monkey has confirmed the acquisition of the domain name Monkey.com for a fee of $500,000. The Singapore-based company is lead by entrepreneur Daniel Mark Harrison, who initially launched the company using the domain name Monkey.capital before upgrading to Monkey.com.

Recently, Monkey posted a link on Monkey.capital announcing the forthcoming move from Monkey.capital to Monkey.com, a domain which was sold by an American company that had owned the domain since 1994.

In a statement to NamePros, Monkey CEO Daniel Mark Harrison said:
Monkey is rapidly becoming a leading name in Blockchain development, supported by a thousands-strong base of digital asset enthusiasts.

The purchase of Monkey.com will help us to scale the additional edges of the wider alternative asset marketplace, creating the only combined media, consulting and tech development firm working with Crypto to date. The price of $500,000 was in truth a bargain for what the domain name will deliver us in value over the forthcoming decade, and we are working very closely now with the seller who is also a digital media expert himself to ensure we create maximum impact with this purchase.

In terms of general media, the site will begin by featuring a book that our COO Joshua Hawley and I have written, called The Blockchain Manifesto, which is selling briskly on pre-order at Amazon.com now, and will ultimately become the home of the world's first 24-hour live streaming internet TV news channel focused on digital assets and leading source of information and data.

According to Daniel, the sale consisted of a $400,000 cash amount paid in instalments, with $100,000 paid in the form of COEVAL (COE), which is Monkey's own cryptocurrency.

As of writing, Monkey.com still resolves to the seller's website, but a switch over is due shortly.

It will be fascinating to see what Daniel and his team create on the Monkey.com domain name. We will be watching with interest. To follow Monkey's progress, you can follow them on Twitter or Facebook.


Thanks to NamePros member @55Domains for the tip.


Update on Nov 6, 2017: The WHOIS history for Monkey.com shows that on October 19th, after the domain sale took place, the email address was [email protected] and the name server was NS1.INMOTIONHOSTING.COM. Today, WHOIS privacy is enabled on Monkey.com: it shows the email address is [email protected] and the name server is NS39.DOMAINCONTROL.COM. Its WHOIS record today is almost identical to what it was earlier in the year prior to the sale. This may signify that the deal has defaulted.

Update on Nov 15, 2017: Confirmed the return of Monkey.com to its original owner
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
way under priced and the seller was dumb to accept 100k of an unknown crytpo...
 
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Rick Schwartz would laugh at the offer and would tell them to go spank it. :-D
 
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This is actually the view of a Bitcoin millionaire, not my words. Ironically, Monkey.com fits the monkey business well.
Loads of people with little sense become millionaires in the crypto space. Rick is a millionaire from domains and he bought asscoin. Just goes to show that being a millionaire doesn't equate to the IQ.
 
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There may be plenty of brands with Monkey in their name but not many that will pay even close to 500 grand. I bet this is the first real offer this name has ever received and probably why the seller agreed to the creative financing.

How do you know that? And the monkey is a very important animal in the Chinese and Japanese cultures.

To me, the sale signifies a successful pitch for extra money via the tokens, but even then, they shortchanged the seller. They could have given them 1 million in monkey tokens, it'd make little difference.
 
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Was the sale of Monkey.com verified independently?

I see no changes to Monkey.com. And I've seen less than stellar reports on the activities of the alleged buyer:

It'd be interesting to see what happens independently of the domain.

We have a copy of the Escrow.com contract signed by the Escrow.com rep, the seller and buyer with the terms of the transaction listed.
 
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if one invest money in a monkey brand, it's possible they may get "cheetah'ed", out of it.


at least that's what tarzan said to jane and boy


whole thing sound bananas to me

imo....
 
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Looks like it was a pump-and-dump scam:

How did the scam happen?

  1. Creators of Monkey Capital bought Coveal shitcoin at very cheap price
  2. Announced that each COEVAL token entitles the holder to 10,000 MNY during the ICO.
  3. People started buying Coveal shitcoin and pumped the price to $1400.
  4. Monkey Capital sells/dumps their Coveal tokens
  5. Price of Coveal falls to below $100
 
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One of the best names .... for anything!
 
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I don't think there are many companies that would pay half a million dollars for Monkey.com. I think the seller did exceptionally well on this one.
 
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Yes. I agree with Acroplex, I believe they left money on the table, however, got a good deal for the domain name. How much money did they leave? About another $250K -$500K.
 
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There are plenty of brands with "monkey" in their name. Google the keyword, and the dot .cool gTLD is the top matching result. :-O

Also, it's not really $500k when $100k of it is in tokens. This approach is gaining traction recently, merely because there is no associated cost to issue these pseudo coins.
 
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I'd take $1 million USD today than $500k + ICO tokens tomorrow. Other than BTC, every single cryptocurrency is like Monopoly money: worth something only while you play the game.
 
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The reason is this: given the unsavory coverage of the buyer's activities, an installment plan does not ensure they won't default sometime during the payment plan. I hope your commission was paid already.

Well of course, that's the risk on all instalment plans. That's why they are done through escrow.com. And thanks for your concern about my commission :).
 
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Should of also picked up Monkeycapital.com for $5500.00. Sometimes a one word generic is to generic.

The name really does not imply anything about ICO.
I guess if seller is going to take tokens then it was a good deal for the buyer regardless of what happens.
 
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Looks like it was a pump-and-dump scam:

How did the scam happen?

  1. Creators of Monkey Capital bought Coveal sh*tcoin at very cheap price
  2. Announced that each COEVAL token entitles the holder to 10,000 MNY during the ICO.
  3. People started buying Coveal sh*tcoin and pumped the price to $1400.
  4. Monkey Capital sells/dumps their Coveal tokens
  5. Price of Coveal falls to below $100
Exactly why i have no plans on participating in any cryptocurrency
 
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Another good news for crypto currency and blockchain domains.
 
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Yes. I agree with Acroplex, I believe they left money on the table, however, got a good deal for the domain name. How much money did they leave? About another $250K -$500K.
That would be about right.
 
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Also, it's not really $500k when $100k of it is in tokens. This approach is gaining traction recently, merely because there is no associated cost to issue these pseudo coins.

Agreed, but when that $100k in coins becomes $3.5MM after an ICO then it almost reverses every "left money on the table" view of this transaction.

I agree that $500k was a low price for this, however I think the $100k in coins sold smartly makes this deal a big winner at much more.
 
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This is actually the view of a Bitcoin millionaire, not my words. Ironically, Monkey.com fits the monkey business well.
 
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Microsoft and Intel are introducing blockchain services - that's the BTC/cryptocurrency technology, but has nothing to do with the tokens/coins/digital cash. All these ICOs are essentially game money.
 
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i still have a shoe box full of chuck e cheese tokens...am I the next Elon Musk Crypto Entrepreneur Billionaire?
 
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The point of these coins has absolutely nothing to do with buying stuff. In 10 years there will be thousands upon thousands more coins, just as thousands of stocks exist...
What would the point of that be? Stocks represent an investment in what a company makes/does. If a coins sole purpose is to be some kind of investment...what are people investing in? What are they making besides a "coin" to buy and sell?
 
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If your coin has no purpose / asset aside from being a 'currency' then it's a scam.

If on the other hand the coin issuer has some viable assets / business plan that use the blockchain as intended and uses tokens to transact, then the coin has 'some' value.

That value is arbitrary, largely dependent on market sentiment, value of the service, cost benefit etc etc.

Coins will explode actually, each person will have their own crypto currency, think of it as shares in the person.

And fame of that person will probably determine the value of the coin, so people will try and invest in those that will probably become famous before they do, as that would lead to the appreciation of the coin value.

This probably explains what I'm saying a lot better: http://bigthink.com/capitally/the-personal-thesis-of-launching-your-own-personal-cryptocurrency
 
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