DomainX 2019 – Another year, Another Successful Domaining Event

[manpreet]

DomainX is one of the first and most celebrated Domaining Event in India, that’s being held every year since 2014.

This was my third time participation at the DomainX event that happened this year on the 3rd and 4th of August, 2019 at Eros Hotel, New Delhi.

The participants included Domainers, Entrepreneurs, Companies and people related to the Domain Names / Cloud / Web Hosting Industry from all over India and abroad, also people representing Indian and International organizations.

The 6th edition of the annual DomainX conference at the Eros Hotel was slightly different from its earlier editions, primarily because it was a Two day show.

The First day of the event, August 03 2019 was Conference that included Panels for “Will this Sell” section and “Why Domain Names are Important”. I was a speaker for both the Panels and contributed my best from my experiences in Domaining spanning the last two decades.

The Second day of the event, August 04 2019 was an Industry First for India, a Live Auction of domain names, organized by the DomainX team.

Please read more about the event at:

https://www.godomaining.com/domainx-2019-another-year-another-successful-domaining-event/

 

[Soofi]

Thank you everyone for your valuable feedback about the annual show.

Regarding Live Auction; we had one participant/bidder (Ankit Puri) jack up almost every auction and OP of this thread was witness to the whole thing.

We even took a short break in between the auction to secure funds from the participant/bidder in question via DAN Escrow, who initially confirmed to have received payment, however DAN later cancelled payment stating Fraudulent Activity by the participant/bidder and DomainX was left with no other alternative than canceling all the auctions where this participant had placed/won bids, as he was non-cooperative in the end.

Being our first attempt, we have learnt quite a few things and one of them is to take help from established online auction platforms, so that they can verify the authenticity of the bidders and bids. Though, that still does not guarantee whether bidder would honour their deal, but reduces the risk overall.

We have been a community event from day one, ever since starting out in year 2014 and we will strive to do better with your feedback and support.

 

[Internet.Domains]

Auction integrity is something the domain industry really struggles with. It's not just this one auction, it happens to all of them.

Something so basic shouldn't be this hard to fix.

 

[Mister Funsky]

Something so basic shouldn't be this hard to fix.

Agreed. This may have been tried in the past but it seems to me a deposit (500 usd maybe) by bidders that would be applied to any domain(s) won by that bidder would help solve the problem. In the event the 'buyer' fails to complete any transaction the seller of the name would get the 500. If the bidder does not successfully win any auction, the deposit would be refunded in full.

 

[hui2000]

DomainX is one of the first and most celebrated Domaining Event in India, that’s being held every year since 2014.

This was my third time participation at the DomainX event that happened this year on the 3rd and 4th of August, 2019 at Eros Hotel, New Delhi.

The participants included Domainers, Entrepreneurs, Companies and people related to the Domain Names / Cloud / Web Hosting Industry from all over India and abroad, also people representing Indian and International organizations.

The 6th edition of the annual DomainX conference at the Eros Hotel was slightly different from its earlier editions, primarily because it was a Two day show.

The First day of the event, August 03 2019 was Conference that included Panels for “Will this Sell” section and “Why Domain Names are Important”. I was a speaker for both the Panels and contributed my best from my experiences in Domaining spanning the last two decades.

The Second day of the event, August 04 2019 was an Industry First for India, a Live Auction of domain names, organized by the DomainX team.

Please read more about the event at:

https://www.godomaining.com/domainx-2019-another-year-another-successful-domaining-event/

Fair start on the live auction though many names from the selected list seems not to have sold and rendered VOID . Am a little sure many sellers where no happy with what happened after there names had sold and later rendered VOID. Not so sure what happened with the buyers turning down the deals after winning the auction!!

But thanks for sharing.

 

[Internet.Domains]

Thank you everyone for your valuable feedback about the annual show.

Regarding Live Auction; we had one participant/bidder (Ankit Puri) jack up almost every auction and OP of this thread was witness to the whole thing.

We even took a short break in between the auction to secure funds from the participant/bidder in question via DAN Escrow, who initially confirmed to have received payment, however DAN later cancelled payment stating Fraudulent Activity by the participant/bidder and DomainX was left with no other alternative than canceling all the auctions where this participant had placed/won bids, as he was non-cooperative in the end.

Being our first attempt, we have learnt quite a few things and one of them is to take help from established online auction platforms, so that they can verify the authenticity of the bidders and bids. Though, that still does not guarantee whether bidder would honour their deal, but reduces the risk overall.

We have been a community event from day one, ever since starting out in year 2014 and we will strive to do better with your feedback and support.

It sounds like you have learned and taking action to prevent the same problem from reoccurring. That is a great first step!

I suggest a multi layered approach with multiple contingencies in place.

@Mister Funsky mentioned a solution. You mentioned a solution. Combine several solutions to make a solid foolproof auction.

Good luck!

 

[Abhi007007]

Great event. A lot of knowledge gathering sessions for beginners like me.
Experienced Panelists, Domainers, such a nice experience to meet and talk to the community members.

Just the Auction part I felt was really disappointing. Didn't know the exact reasons for what went wrong, (like first the organizers said they secured all assets and later denied reasoning fraudulent activities, disheartened the domain sellers). The only blot on the event..
But despite that, otherwise a very informative event, Looking for next editions.

 

[Silentptnr]

Seems like the live auction had an unfortunate outcome.

Not sure why Dan systems alerted for fraud on the part of the buyer. Seems that could be cleared up.

From the video, it seems the live auction was not too smooth.

Hopefully, DomainX can smooth out the live auction process.

Hopefully this buyer can rectify the questions about his form of payment.

I really hate to see domain events end in controversy. Domain names dont cause the problems. People do.

Best of luck to all parties involved.

 

[Soofi]

It sounds like you have learned and taking action to prevent the same problem from reoccurring. That is a great first step!

I suggest a multi layered approach with multiple contingencies in place.

@Mister Funsky mentioned a solution. You mentioned a solution. Combine several solutions to make a solid foolproof auction.

Good luck!

Thanks Internet Domains.

The best part of DomainX is that we come back to community for help/solutions every time, and we integrate those recommendations into the show somehow so that they could help all of us grow together.

Annual Event is in no way a money making business (from other domainers) for us, and I promise, we have never taken a penny home from any of the shows till date, and it was a 6th edition this year (except for one event where we recovered our losses from the past years). You can imagine the real deal!

So I guarantee that you will see these solutions/suggestions integrated or else we would not conduct another Live Auction ever again. Our reputation earned over the years is much more valuable to us than making mistakes over and again!!

 

[LarryDomain]

Awesome text fight!!

Really enjoying the details coming from the two of you. Keep it up!!

 

[Silentptnr]

Even I wanted not reveal that but I was forced to do so. Since DomainX Started using un-parliamentary language on the calls and they used my name very well to defend themselves and find a reason to cover up their failure due to unethical practices like shell bidding etc... Even the day I made it public I was sorting this out with Gaurav and while I was waiting for the payment link I came to know about this post. That was enough to wake devil in me. These people started it and I will finish this eith them being EXDOMAINX. And I am giving them .com not .org which is for sale on godaddy with $200 minimum bid

Well, best of luck.

There is a saying..."Make mountains into mole hills, not mole hills into mountains."

All of this situation is a mole hill in my opinion. Not a mountain.

 

[Internet.Domains]

Thanks Internet Domains.

The best part of DomainX is that we come back to community for help/solutions every time, and we integrate those recommendations into the show somehow so that they could help all of us grow together.

Annual Event is in no way a money making business (from other domainers) for us, and I promise, we have never taken a penny home from any of the shows till date, and it was a 6th edition this year (except for one event where we recovered our losses from the past years). You can imagine the real deal!

So I guarantee that you will see these solutions/suggestions integrated or else we would not conduct another Live Auction ever again. Our reputation earned over the years is much more valuable to us than making mistakes over and again!!

Thank you for promoting domains to a great market in a honorable fashion!

Your success is everyone's success.

Best of luck to you!

 

[LarryDomain]

I thought the auction went okay. It was pretty organized. Saw some high bids on a few domains. I think one of the domains got like a $100,000 bid. Not sure if it met reserve but it was an interesting auction. Between this auction and NamesCon auction, i thought they were both handled pretty evenly. And I'm sure Namescon had a few of their own or their buddies domain names for sale also. It's a given, rub the backs of your buddy and they will squirt it right back at ya at a later date.

Seems like the live auction had an unfortunate outcome.


Not sure why Dan systems alerted for fraud on the part of the buyer. Seems that could be cleared up.

From the video, it seems the live auction was not too smooth.

Hopefully, DomainX can smooth out the live auction process.

Hopefully this buyer can rectify the questions about his form of payment.

I really hate to see domain events end in controversy. Domain names dont cause the problems. People do.

Best of luck to all parties involved.

 

[Silentptnr]

@Silentptnr I am ready to do every thing to clear if up but @Soofi and @Domainx cant standby me

I have read the entire thread. I think there is more than one.

To me, you have nothing to prove. I appreciate you being proactive in defending yourself, however, I wish these things were kept private. It's disheartening to read personal attacks back and forth in public.

I thought Soofi did a good job of promoting the event, and most of the feedback about the event seemed honest and positive.

I wish your purchases had been completed because the sellers were hoping to make deals. If you in fact did have some buyers remorse, then you were fortunate your payments were reversed.

Things happen for a reason.

 

[Ankit Puri]

Well, best of luck.

There is a saying..."Make mountains into mole hills, not mole hills into mountains."

All of this situation is a mole hill in my opinion. Not a mountain.

Some may take this as mole hill but this can turnout to be bigger than usual mountain

 

[Jay Ha]

Due diligence lvl -999999 but seriously guys why spread personal information for that poor lad Prince Charles like that? Not nice.

 

[Soofi]

I am not going to get into MUD-SLINGING match with a pig aka @Ankit Puri who attacked me on my personal life without knowing anything about me, but for the record, if he's sooo honest, he should answer these questions;

1. Why did he bid in the auction, in the first place, if he had no money to complete the deal? Why hasnt he paid for the domain names he won in the auction?
2. Why was his initial payment marked as fraudulent and canceled by DAN.com?
3. We requested Ankit Puri to pay in INR using local payment methods (NEFT/IMPS/BANKWIRE) but he insisted on using International payment method which required us to go through DAN ESCROW to save ourselves. Why did he use a fraudulent Bank Card & ID Card of someone else, named CHARLES DEY PRINCE (ready to publish those documents as well if allowed here)??
4. Why did he kept saying he has no money in India or Indian payment methods, and will only use above person's payment card?
5. Why has he backed out of (direct) auction deals when domain owners/sellers reached out to him to complete the deal as we made his details public to sellers and requested them to connect with him directly waiving all our brokerage costs?
6. Why did he agree to purchase DownloadGames.in at higher cost offline in the presence of multiple people (team & participants) and later backed out at his convenience?

NBAH.com & NKO.in was mine and everyone who were present in auction hall knew that those were my names as I had discussed about them in one of the examples during domain name discussions speech I gave before the auction.

The auction list was selected by DOMAINX Auction Panel to be listed at NO RESERVE Auction. I acquired NBAH from dropcatch.com auction for $285 and NKO.in for $250+ in a private transaction but agreed to list them at NO RESERVE Auction to improve the quality of auction names. If they had ended at lower than those prices, I would have bore losses as well. Also, where in the rulebook does it state that organiser or volunteers from the team aren't allowed to list their names for the auction?

All in all, I never wanted to respond to this gentleman (Ankit Puri) because he has to earn some reputation before he starts throwing insults at old members, but I have to come back to respond just because he could not afford to pay for the names won in the auction and he just doesn't stop from stooping to lowest level of tricks by attacking on my personal life which he has zero idea about, with false and baseless accusations.

Kindly ask Ankit Puri for the proof of auction payments before levelling any accusations on DomainX going forward.

 

[Silentptnr]

I thought the auction went okay. It was pretty organized. Saw some high bids on a few domains. I think one of the domains got like a $100,000 bid. Not sure if it met reserve but it was an interesting auction. Between this auction and NamesCon auction, i thought they were both handled pretty evenly. And I'm sure Namescon had a few of their own or their buddies domain names for sale also. It's a given, rub the backs of your buddy and they will squirt it right back at ya at a later date.

I trust your opinion @LarryDomain . Truly. I'm glad your review is positive. I want to see this industry grow.

 

[Ankit Puri]

Seems like the live auction had an unfortunate outcome.

Not sure why Dan systems alerted for fraud on the part of the buyer. Seems that could be cleared up.

From the video, it seems the live auction was not too smooth.

Hopefully, DomainX can smooth out the live auction process.

Hopefully this buyer can rectify the questions about his form of payment.

I really hate to see domain events end in controversy. Domain names dont cause the problems. People do.

Best of luck to all parties involved.

@Silentptnr I am ready to do every thing to clear if up but @Soofi and @Domainx cant standby me

 

[Abali]

Where is the auction results?

 

[lock]

This thread got entertaining.

 

[lock]

Well, best of luck.

There is a saying..."Make mountains into mole hills, not mole hills into mountains."

All of this situation is a mole hill in my opinion. Not a mountain.

"The Streisand Effect"

 

[Ankit Puri]

"The Streisand Effect"

Well all I say is let see Domainx if there in business for next auction even . ExDomainX is ready to transferred . Details from @Soofi @Domainx awaited...

 

[Ankit Puri]

@manpreet Excuse me for tagging you by mistake

 

[Ankit Puri]

There we @Soofi

1> The payment was made thats why it was conveyed to all sellers that payment is secured. First payment of $3400 approx at time of break when 5 min break turned it to 35 min break as money was taken from and I was allowed to bid further. Kindly refer to your video where you said that " I will be billed again ". Again is something which is in case of event where something has already taken place. Also attached are the copies of payments