finance Are you looking to raise money using your digital assets as collateral?

[robertsmith80]

Are you looking to raise money using your digital assets as collateral?

digitalcandy.uk

We've just gone into beta testing for the asset finance element - allowing people to borrow money secured against their digital assets.This means the valuation of digital assets element has gone live (it is a manual process at this stage).

Essentially we lend against liquidation or trade value without needing a PG or credit search. For eCommerce it is a bit easier as we have visibility of payment gateways.

We can lend against

• Premium Domains
• Domain Portfolios
• Websites
• Ecommerce Websites
• Social Media Accounts

There is a full site including a marketplace for buying/selling digital assets to retail buyers & agencies. The full site which will be launched shortly is a premium offering with vetted listings and we have the ability to combine listings of multiple parties to create portfolio investments.

 

[Kamaldeen]

What happen if the lender default??
And are you in a way related to epik.com?

 

[robertsmith80]

Do you mean if the borrower doesn't repay the loan? - the asset would be placed up for sale and sold. If the asset sells higher than what they owe they will be paid the difference.

This is similar to the way mortgages on properties work.

No we are not related to epik.com - we are a UK registered company which is part of Oxygen ( :::: ) LTD

 

[Kamaldeen]

Do you mean if the borrower doesn't repay the loan? - the asset would be placed up for sale and sold. If the asset sells higher than what they owe they will be paid the difference.

This is similar to the way mortgages on properties work.

No we are not related to epik.com - we are a UK registered company which is part of Oxygen ( :::: ) LTD

How do you evaluate the assets here I mean domain to commensurate with what the lender is borrowing?

 

[NickB]

@robertsmith80

Might be worth getting verified as a business on Namepros and sharing as much info as you can

The landing page does inspire confidence, no details etc etc

 

[Li Xiaopeng]

Cool and innovative initiative especially for domainers. China market would be ideal for this as long as this is legitimate.
However, we don't see any detailed information on digitalcandy.uk. It's still under construction - I suppose

 

[robertsmith80]

Hi all,

Just to answer your questions as i am getting quite a bit of engagement so easier to answer in one place.

Digtial Candy do uk is part of Oxygen ( :::: LTD ) - www dot oxygen dot uk

In the UK - companies house is the governing body of UK Companies. Our company number is 12153737. You can look there and see our credentials.

There is a new site which is going live in the next 2 weeks and as @NickB suggests we will get a verified listing shortly.

Other FAQS:

1). How much could I borrow?

This will depend on the asset which we would need to know more about. Loan sizes from $5k - $500k

2). Is this program available worldwide or strictly in the UK?

The loan agreement is via UK solicitors and subject to UK law and available worldwide

3). What would be the interest rate?

The rate again will vary depending on the value and strength of the asset and how long you want the loan for. Indicative rates start form 4%-8% pm

For high traffic websites or income generating websites it is less risky so rates will be lower than domain portfolios

4). Do you need ownership of the domain before you lend money?

Yes we take ownership off all assets until the loan is repaid. In the event of default the assets are liquidated to recover outstanding monies

5). Who's gonna settle and monitor everything? Example - Escrow.com

Escrow.com can be an option or we can do it in house. If it is a large loan then both parties are likely to have legal representation.

6). How do you value domain the assets

We add different weightings to online valuations so BrandBucket for example we class as a valuation source.

GoDaddy & Estibot are less valuable but we do take them into account

We also run full metrics on websites to get SEO, technical and content valuations.

Wordpress template is not very valuable versus Umbraco or Sitecore

Finally we value traffic at $3k-$4k per 1 million pageviews - but this can vary by quality of traffic

If you would like me to quote - then i need the following information:

• A list of your domain names along with values or if a website then a description of the site
• How much you want to borrow?
• How long do you want the loan for?
• Why do you want to borrow the money? - as in what are you going to do with the money
• How are you going to repay the loan?

If you can email borrow @ digital candy dot uk

 

[SirDrago]

This is a process which the individual must release personal financial records and information.
I highly suggest that either/and namepros site owner should AND MUST verify.
Sorry but this thread should be locked until then.
That's my point of view...
All should proceed with EXTREME caution

 

[robertsmith80]

@SirDrago - i am happy to verify - no problem

 

[SirDrago]

I personally need zero verification.

@Mod Team Alfa
@Mod Team Bravo
@Mod Team Echo
@Mod Team Foxtrot

 

[Haroon Basha]

I personally need zero verification.

@Mod Team Alfa
@Mod Team Bravo
@Mod Team Echo
@Mod Team Foxtrot

It seems the NamePros Moderator @Mod Team Alfa deliberately allowing these kind of suspicious, fishy, ponzi schemes. There is possibilities that many a innocent people will get trapped in and lose their domain names and money.

 

[koolishman]

Indicative rates start form 4%-8% pm

Really? 48% per annum minimum?

 

[SirDrago]

Indicative rates start form 4%-8% pm

Really? 48% per annum minimum?

I'm sure there's an "Up front fee" plus you must transfer the domains to them directly before anything....

 

[DaveX]

No serious operation launches like this nonsense.

Maybe close this thread and re-announce this once its formally launched.

Doesnt look good doing it this way. Not good at all.

 

[MasterOfMyDomains]

It seems the NamePros Moderator @Mod Team Alfa deliberately allowing these kind of suspicious, fishy, ponzi schemes. There is possibilities that many a innocent people will get trapped in and lose their domain names and money.

Yup looks fishy lol. The Gold Standard
On a brighter note namepros cracked 9000 on alexa

 

[Echo Mod Team]

Listing closed / account under investigation / suspicious activity

For internal use ONLY: https://www.namepros.com/conversations/attention-needed.3142270/