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information CoinMena.com sold $25,000 - No commission/brokers/fees - sold by WhoaDomain.com

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CoinMena.com Coin "Middle East North Africa"

Ok I can finally announce the sale of CoinMena.com. No NDA but I agreed not to mention who bought the domain even though a quick check is easy enough. The buyer would like to remain anonymous but does not mind the publicity from the sale of CoinMena.com.

Sorry guys. Don't take this photo seriously. It's for shock value not show off value and perhaps for exposure. Just goofin off. Check out that huge melon! (unfortunately empty!) lol

IMG_20190718_182030.jpg


So this makes CoinMena.com at $25,000 the 5th largest domain sale for a domain beginning with keyword "Coin" and highest domain sale for a domain ending with "Mena". MENA stands for Middle East North Africa.

I wish the buyer the best. Met him in person in NYC. Had lunch with buyer at Veselka's, my treat.

Side Note: The buyer told me that the broker they hired to get CoinMena.com for them told them that at most CoinMena.com should cost only $25,000. Buyer told me that Broker offered $8,000+ to me which the broker did and that the broker planned to sell it to them for $25,000. Buyer did not like this arrangement he told me and decided to buy from me directly since we were already in contact prior to the broker being brought in. I really did not understand why they felt the need to bring a broker into the mix.

If it can be avoided, I really would rather not deal with a broker.

Although that's what I did with my last sale PaladinDrones.com.

When brokers contact me, as a rule I ignore, but in this case I said "why not?"

I have no issue with the broker in this case. I'd probably do the same and try to flip a domain for quick profit.

I hope giving this info will help other domainers make the right decision.

I had asked for a ridiculous price of $250,000 so I guess $25,000 was a relief to them.

First we were warned that today. Godaddy users were experiencing issues with transferring domains via Godaddy Push but not external transfers. Supposedly when you do a transfer. The Transfer Button is not made available. But we did not experience that. What we did experience was that the buyer did not receive transfer confirmation email after I had accepted the whois info change update.

The transaction took long because there was an issue pushing the domain from one Godaddy account to another Godaddy account. Had to cancel transfer. Then there was an "error". So ended up transferring to Google Domains.

In which case, Godaddy rep warned me that Google Domains an "experiment" that was being phased out. and the transfer might end up in limbo. I don't know what he was talking about as the transfer went off without a hitch over to Google. Buyer said Godaddy rep was just scaring us into doing the Godaddy push to keep the domain with Godaddy.

Domain Price Date Venue
coin.org 75,000 USD 2014-11-12 DomainGuardians
coinnews.com 27,500 USD 2014-04-16 Uniregistry
coin.store 26,705 USD 2018-08-05 Alibaba
coinbag.com 26,000 USD 2018-02-05 Uniregistry
coinlink.com 22,000 USD 2018-02-26 Sedo
coinbook.com 20,000 USD 2017-08-31 Uniregistry
coinking.com 14,190 USD 2018-04-11 Sedo
coinance.com 12,500 USD 2019-01-31 Sedo
cointax.com 12,200 USD 2017-02-20 Sedo
coinrank.com 12,000 USD 2018-03-20 Uniregistry


Domain Price Date Venue
imena.com 19,000 USD 2012-05-31 GoDaddy
alphamena.com 7,350 USD 2019-01-21 Sedo
camena.ru 3,429 USD 2014-10-15 Sedo
smena.com 3,205 USD 2007-04-17 Sedo
promena.com 2,200 USD 2017-05-15 DropCatch
camena.net 1,350 USD 2014-09-24 Sedo
paranormalphenomena.com 1,000 USD 2011-04-23 Sedo
semena.com 795 USD 2010-04-19 Sedo
wolnadomena.info 685 USD 2008-02-18 GoDaddy
dobra-stara-vremena.com 648 USD 2012-11-25 GoDaddy

It's not the 6 figures I always go for but it's a good start in my liquidation this year.

I have more "Coin" and "MENA" domains if anyone is interested. Next one I'm working on I am going for 6 figures for updates follow me on here.

I hope this sale helps others with their keywords.

I hope this sale gains me some exposure for my other domains.

I also hope people will think twice before sending me $100 offers for my domains.

I also hope this Cashier's check clears tomorrow or else I'll have egg on my face.

Anyone know if I can submit this sale with Namebio without providing info on the buyer?

Good luck to everyone else on their future deals!


Edit: Forgot to mention. Prior to meeting buyer.I was late to the meeting because I stepped in dog poop. ( at least I hope it was dog poop although I looked "human" lol) Had to throw out my sneakers and buy flip flops.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
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I've got BlockMena.com MenaBlock.com 5gMena.com Mena5G.com MenaBitcoins.com

ChainMena.com
DubaiMena.com
UAEMena.com
Why the fuss about Mena? Is there anything special about it other than Middle East and North Africa?

Please, let me know cos I've been trying to wrap my head as to why the emphasis on MENA
 
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Why the fuss about Mena? Is there anything special about it other than Middle East and North Africa?

Please, let me know cos I've been trying to wrap my head as to why the emphasis on MENA


ok here's a list in order of importance.

1. total population of MENA Middle East North Africa over 400 million. You only need to Google the total population of all the countries in MENA.
2. Crypto just recently has become Sharia complaint (I'll need to have my Arab friends confirm this on here. Anyone?)
3. MENA includes not just all the rich countries of the UAE but all the rest including Egypt, and a few others I can't remember. Can anyone from this regioin chime in here? Thanks.
 
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Congrats on the sale (if the cashier's check clears). Telling the buyer that this domain name can be resold for more though... probably not in this universe. Even 25K is like winning the lottery because someone who could afford it happened to want it.


I had to come back to this one since you mentioned the check clearing. Obviously this was my main concern today because at one point the buyer took back the check because he was getting so frustrated with the Godaddy domain push process. you can never be too careful. But it went fine without a hitch.

Although, after depositing the check I had asked the bank manager if there was anyway after depositing to confirm if the check was legit or not. He immediately told the bank teller to cancel the deposit and reverse it before it was too late.

I cannot make this folks!

So he asked me why I would doubt the check was real or not. I said no reason just me being skiddish as always.

So he said if it was fake and it was deposited. That my business bank account would be closed permanently and I would not be able to open a bank account with my bank and a record of the fake check would circulate among other banks making it difficult if not next to impossible to create a new account anywhere.

I said. "whaaaaaaaaaaaaaaaaaaaaaaaaaaat????!?!?!?!"

So I had them call bank of america. and of course hold hold hold hold. Got fed up. Took the check and just walked over to the bank of america branch few blocks away in the heat today.

and they confirmed it. Internal calls within a bank always get priority . NO HOLD. And the check was cleared as legit so had to walk back to my bank and deposit the check.

I would do this again no question because no way would I risk my bank account closing and forever never being able to open a bank account.

And it doesn't even matter if it's your fault or not?

That's right. Not even if someone gave you a fake check and you didn't make it. You are just the "guy who tried to deposit" a fake check into your own bank account.

That's crazy. Never knew this in my life.

learn something everyday. Hope this helps.
 
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Congratz...
i own MenaShopping.com
so basically its a good news for me :)
 
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The buyer is one of two co founders who was in Dubai. I dealt with the one who is here. So that 10,000+ miles . A message could have been misunderstood easily. Maybe....
Let's face it. You might have been played in a way that you didn't realise it so that their low price would seem like a great comeback for you.

CoinMENA is as good as Bitcoin as far as the name and region are concerned. $25,000 is pocket change in Dubai. It's 5 nights in a great hotel. They would have paid 10 times that and been happy because the name is RIGHT for their project.

Just sayin'.

Watch some Detective shows. The broker probably got $30k. I think you were right on the money at the first offer.
 
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@Avtar629 Well... let's put it this way. The domain itself doesn't warrant 25K. It's a handreg from 2017 and yesterday I think nobody at Namepros would have paid you $50 for it and besides this perfect end user nobody probably would have paid much more. If this turns into a huge company... then it would still be the company that warrants a higher price, not the domain. Either way, it's an impressive sale that sort of reminds me of some of Mike Mann's sales. Having a lot of domains can sometimes land ridiculous prices when the right buyer comes along.
Some projects need the right name to work. That is not domainer thinking, that is project and marketing (i.e. selling the concept to the market) thinking. Nobody spends this kind of money because it is the first name they see.

The shoe has to fit and it doesn't matter if it's 10 years old or made yesterday.
 
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Let's face it. You might have been played in a way that you didn't realise it so that their low price would seem like a great comeback for you.

CoinMENA is as good as Bitcoin as far as the name and region are concerned. $25,000 is pocket change in Dubai. It's 5 nights in a great hotel. They would have paid 10 times that and been happy because the name is RIGHT for their project.

Just sayin'.

Watch some Detective shows. The broker probably got $30k. I think you were right on the money at the first offer.

I've realized this or simply because I just want to get out of domaining already for health reasons. There is your dream price and then there is the lowest price you'll accept aka a more realistic price.

Many confuse the two. Their realistic price is often priced as a "dream price" so it's high and God knows when you will ever sell it.

To me I've come to the conclusion, your realistic price should be a price you are comfortable with in case the buyer is a "flipper" and will flip the domain immediately.

I sold PaladinDrones.com for $7,500 knowing that I could hold because PaladinDrones.io was one of those startups that went thru the same incubator is AirBNB. I can see why whoever paid $7,500 for PaladinDrones.com dropped that much on it. I had a suspicion it was a domainer like me planning on flipping PaladinDrones.com for 10X what they paid.

Do I care? Nope. $7,500 is "my number" that I wouldn't shoot myself in the face if I find out later PaladinDrones.com sold for $100,000.

And with CoinMena.com given the sales history below. I was comfortable with $25,000 in thee event it ever got Flipped for $250,000.

besides. I still own BitUAE.com and CoinUAE.com and UAEBit.com
 
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I've realized this or simply because I just want to get out of domaining already for health reasons. There is your dream price and then there is the lowest price you'll accept aka a more realistic price.

Many confuse the two. Their realistic price is often priced as a "dream price" so it's high and God knows when you will ever sell it.

To me I've come to the conclusion, your realistic price should be a price you are comfortable with in case the buyer is a "flipper" and will flip the domain immediately.

I sold PaladinDrones.com for $7,500 knowing that I could hold because PaladinDrones.io was one of those startups that went thru the same incubator is AirBNB. I can see why whoever paid $7,500 for PaladinDrones.com dropped that much on it. I had a suspicion it was a domainer like me planning on flipping PaladinDrones.com for 10X what they paid.

Do I care? Nope. $7,500 is "my number" that I would shoot myself in the face if I find out later PaladinDrones.com sold for $100,000.

And with CoinMena.com given the sales history below. I was comfortable with $25,000 in thee event it ever got Flipped for $250,000.

besides. I still own BitUAE.com and CoinUAE.com and UAEBit.com

If a buyer can flip this domain for more than $25K, more power to them.
It is a great sale for a domain like this.

Brad
 
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I've realized this or simply because I just want to get out of domaining already for health reasons. There is your dream price and then there is the lowest price you'll accept aka a more realistic price.

Many confuse the two. Their realistic price is often priced as a "dream price" so it's high and God knows when you will ever sell it.

To me I've come to the conclusion, your realistic price should be a price you are comfortable with in case the buyer is a "flipper" and will flip the domain immediately.

I sold PaladinDrones.com for $7,500 knowing that I could hold because PaladinDrones.io was one of those startups that went thru the same incubator is AirBNB. I can see why whoever paid $7,500 for PaladinDrones.com dropped that much on it. I had a suspicion it was a domainer like me planning on flipping PaladinDrones.com for 10X what they paid.

Do I care? Nope. $7,500 is "my number" that I would shoot myself in the face if I find out later PaladinDrones.com sold for $100,000.

And with CoinMena.com given the sales history below. I was comfortable with $25,000 in thee event it ever got Flipped for $250,000.

besides. I still own BitUAE.com and CoinUAE.com and UAEBit.com
You're still a winner man.
 
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Let's face it. You might have been played in a way that you didn't realise it so that their low price would seem like a great comeback for you.

CoinMENA is as good as Bitcoin as far as the name and region are concerned. $25,000 is pocket change in Dubai. It's 5 nights in a great hotel. They would have paid 10 times that and been happy because the name is RIGHT for their project.

Just sayin'.

Watch some Detective shows. The broker probably got $30k. I think you were right on the money at the first offer.


there was no broker in this deal. Just me and a cashier's check.
 
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I refused to sell a domain for 6K because I know the domain is worth more for other buyers.

The buyer has already named their Credit Card with the domain names I own.
 
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From a hand reg to $25,000........You are a legend!
 
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I got currencymena and ethmena. It's menamania time😁. Is Hotelsmena a good one too?
 
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From a hand reg to $25,000........You are a legend!

I don't know about all that. any idiot can win the lotto. now if that same idiot kept hitting the lotto. Now that's a legend. God only knows when my next 5 figure sale will come in if ever again.

get back to me after a couple more 5 figure sale that are handregs.
 
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nice! my personal favorite that's not mine are Bitmena.com, menabit.com, cryptomena.com (which recently dropped and got picked up via dropcatch. very surprised it did not go to auction and there is a historical sale on namebio.
 
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@Avtar629 Glad to hear that the check cleared and that you hit the jackpot. There are a lot of fraudulent checks out there that look like the real thing so posting about the sale after the money was in your bank account would have been more prudent. Thankfully it all ended well.

@jamesall I agree that it's all about the development and that a domain name can be worth a fortune to someone even a day after it was registered, and if that person has too much money to spend- you can win the lottery. I personally didn't know the term 'Mena' as I've never heard of it before this sale. Still, 25K for any two word combo and especially for one where one of the keywords isn't very popular is a pretty rare occurrence. And especially so for a domain that was registered recently.

Can it be sold for more? In my opinion, it's very unlikely and if it sells for more it would be because of the success of the company and not because of the domain name itself. But either way, it can't be guaranteed that this domain can sell for even $100 again tomorrow (outside of NamePros, that is) so giving liquidity as a selling point to a buyer is somewhat problematic, IMO because one day he may decide to try and liquidate and find out that nobody wants to pay a fraction of the cost he paid.
 
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nice! my personal favorite that's not mine are Bitmena.com, menabit.com, cryptomena.com (which recently dropped and got picked up via dropcatch. very surprised it did not go to auction and there is a historical sale on namebio.[/QUOTE

Awesome! The fact that they made that investment purchasing coinmena from you could mean that they are seen some potential in the crypto industry in the Mena region. Isn't it,?
 
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yup! I talked to the buyer extensively. To pick his brain on the subject. He was very surprised how knowledgeable I was about Crypto becoming Sharia Complaint in the region that plus I mentioned BitOasis and Emaar Group starting their own cryptocurrency.

I see someone has already registered EmaarToken.com as their "bet" for this. wish them luck. not my domain.
 
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I thought about it more and came to the conclusion that perhaps I shouldn't be so decisive about a word that I'm not familiar with. I don't plan on investing in Mena names, but crypto is a crazy world full of trends and people throwing money at things even if they don't make sense at the beginning. Or ever. So I guess anything can happen. This domain that I think almost everybody here except for @Avtar629 wouldn't have paid reg fee for yesterday, now sold for 25K. So maybe it'll sell for even more money one day. If the Mena keyword will indeed become strong and supported by more and more big sales, then naturally that can affect the price of the domain name regardless of the business that will be built on it. My instinct says that 25K still seems like a high number to reach, but I guess time will tell. Good luck to all of you Mena investors out there. It will be interesting to see what will happen.
 
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I have noticed that you've mentioned in this thread the words" Crypto becoming Sharia compliant in the region." I'm not familiar at all with the Mena region but as a domain investor, I'm always open to expand my knowledge regarding other cultures etc etc. What does Crypto becoming Sharia compliant mean to the MENA region with over 400 million of habitants?

I did some Google research and found out that this means that Crypto is on his way to become " compatible with Islamic Law." For instance, in Saudi Arabia, financial and banking practices prohibit trading. Also Sharia law has various provisions pertaining to finances including a ban on earning interest from debt. However, according to a very interesting article recently published on July 10/2019 on Cointelegraph, - because of the Sharia compliant- "Middle East is now primed to lead the way for Crypto. This law is expected to give a massive boost to the region's Islamic finance sector.

According to Cointelegraph, " Over the first quarter of 2019, United Arab Emirates based blockchain - startups were able to raise a total of $210 million. Thereby putting the gulf nation at the APEX of the word's top 10 tokens sale list, even surpassing countries like the United States and the United Kingdom." ( Amazing... Isn't it)
According to the article, Dubai is on track of be the first city fully powered by blockchain by 2021.
No wonder why this clever investor purchased coinmena from you for $25,000!!! He definitely made a good deal! Here is the link I recommend everyone interested on this topic to read: https://cointelegraph.com/news/middle-east-blockchain-development-primed-to-lead-the-global-industry
 
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