When you consider Epik's total registrations, and that according to records only 2% of their transactions were over $10, and 50% were under $1... I don't think the actual customer base is likely all that large.
You can tell via the numbers above that a large percent of their registration volume appears to be via some type of low-priced promotions.
Brad
I think that "over $10" thing is a misinterpretation by the people looking at info... but I see a lot of misinterpretations by them, like:
...For one thing, on Twitter, they seem to be acting like 90% of Epik's customers are neo-nazis, when it's probably less than 1% (which is 1% too many, but still).
Some context for researchers reading this: Epik got a lot of customers when they had transfer sales like $6.49/domain (wholesale domain fees were $8.03, so $6.49 was very appealing), and because their renewal fees could be as low as $8.10 -- and that was when Epik was considered just a regular registrar with excellent support [although apparently very poor security, but people didn't know that] and didn't have any controversy.
- And they did have useful features, like the control panel with detailed information and the system for selling domains - that's how they got so many customers, and those were in place years ago, before Epik and Rob got involved with controversies.
...And I also saw a researcher on Twitter talk about some right-wing guy's portfolio and how his "4 letter domains" are very valuable, even though the screenshot of the portfolio showed the domains were low-value, like a3bk.com (not the actual domain, but ones like that) [i.e. "4 character", since numbers are obviously not letters].
Anyway, I think the "under $10" issue is because for some reason, if you make payments using Masterbucks or your account balance ("in store credits"), Epik's system subtracts each domain payment individually.
With .com domains being $8.49 or less, that's how 98% of transactions would end up being under $10.
The 50% under $1 would mean a surprisingly high number of junk nTLDs were bought though.