Unstoppable Domains .crypto

Shares of NNR.com sold out! Go here for more opportunities!

Located in Promotional started by Napkin.com, Dec 4, 2019.

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  1. Napkin.com

    Napkin.com Established Member VIP ★★★★★★★★★★

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    Hello everyone.
    Aron here.

    You may have heard about us selling shares in NNR.com.
    The offering was fully sold out within a couple of hours - and we have a waiting list as well.

    The first version of our marketplace will be live very soon.
    We will offer the ability to buy a position in some amazing domain names. Our exchange is coming, as well, where you can resell your position.

    Please go here and enter your email address so we can notify you of future offers.
    https://forms.gle/hzSRZvhDARLsYbQc6

    We will also let you know when the marketplace is live.

    Terms of future sales will be spelled out on our site.
    I am so excited to be working on this. We have a HUGE vision, and I appreciate your support.

    Sign up for updates here: https://forms.gle/hzSRZvhDARLsYbQc6

    (I won't spam you or sell your info)

    FAQ: Is this a security?
    I have worked with a team of securities lawyers for over a year, and spent a fortune. Short answer, NO.
    We've found a way to make these offerings NOT a security - which is huge. That means 24/7 trading, peer to peer, with no restrictions. Our platform will be in legal compliance with securities laws -- meaning, we'll structure the offers to our buyers that make the positions you buy not a security.

    Thanks!
    Aron
     
    Last edited: Dec 4, 2019
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Samer

    Samer Top Member VIP

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    Congrats on successful fractional share raise

    People like you should be commended for innovating, 3L affordable, under part owners.

    i feel, this may evolve, into “domain stocks”
    like 3L stock market with domain ticker symbol

    Samer
     
    Last edited: Dec 4, 2019
  3. Napkin.com

    Napkin.com Established Member VIP ★★★★★★★★★★

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    Thanks Samer.

    There are a lot of possibilities once we get this moving along.
    We have a really big vision and I am excited to try to make it come to life.
    Thanks again!
    Aron
     
  4. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO VIP ★★★★★★★★★★

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    Did you get an opinion from the S.E.C. ?
     
  5. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    Not a bad idea, now you have free capital to use, while the domain sits waiting for a buyer, interest free loan.
     
  6. Samer

    Samer Top Member VIP

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    if this comes into fruition, i hope i get a free share like Robinhood ;) i’m kidding!

    i really do hope it happens. rooting for you!

    Samer
     
    Last edited: Dec 4, 2019
  7. Internet.Domains

    Internet.Domains Top Member VIP

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    I wish you success with the project!

    Do you mind addressing?

    Do you mind explaining further? I am curious on what the work around is.

    I agree its huge! So what is the way to make these offerings NOT a security?

    For informational purposes:

    "In the United States, a security is a tradable financial asset of any kind. Securities are broadly categorized into: debt securities (e.g., banknotes, bonds and debentures) equity securities (e.g., common stocks) derivatives (e.g., forwards, futures, options, and swaps)."

    As it stands right now, I don't see how this project is anything but a security. Please advise.

    To further add, the Howey test is often applied to determine if something is a security.

    Under the Howey Test, a transaction is an investment contract if:
    1. It is an investment of money
    2. There is an expectation of profits from the investment
    3. The investment of money is in a common enterprise
    4. Any profit comes from the efforts of a promoter or third party
    I believe this project checks the boxes as a security based on the Howey test. I look forward to hearing views that may differ.
     
    Last edited: Dec 4, 2019
  8. Napkin.com

    Napkin.com Established Member VIP ★★★★★★★★★★

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    Happy to discuss our legal position off the forum. Not something I should elaborate on here.
     
  9. Ivan Rasskazov

    Ivan Rasskazov Upgraded Member Estibot.com domainIQ Gold Account

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    Hi Aron,

    Would there be a press release or a company brief available to clarify? I presume there would be a few people interested in the legal position (myself included), so that could be worthwhile to put together.

    IR
     
  10. Napkin.com

    Napkin.com Established Member VIP ★★★★★★★★★★

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    Good thoughts.
    We are working on the platform now and I will have our lawyers spell out
    the terms, clearly, of what we are offering.

    For now, I'd like to see who is interested in learning more when the time comes (via the email form linked).
    We'll get everything settled on our end and then get everyone up to speed when the time comes.

    Thanks!
     
  11. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    What if the name gets hit with a udrp, and taken away, what happens to investment, am I obligated to pay for legal fees based on ownership.

    It’s a great idea, for domain holders to raise working capital from dormant domains.
     
  12. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    Please disclose how many shares were sold and at what price. This would be a great insight into what you feel the domain is worth and also how investors value it.

    Thanks!
     
  13. Napkin.com

    Napkin.com Established Member VIP ★★★★★★★★★★

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    We will have that worked out. As of now, I am paying legal fees from UDRP and I refund buyers if a name is taken/stolen/expires etc.
     
  14. Napkin.com

    Napkin.com Established Member VIP ★★★★★★★★★★

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    this was the form we used to sell the shares. all info is there:
    https://forms.gle/XJSG3hiK39vmZzmL6

    this was one of my names, and it was to prove demand for the concept.
    The actual working site will behave differently, but with the same concept.
     
  15. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    Thanks!

    That seems like it’s valued on the low end but today’s market for LLL is down. I’d be interested to invest in a higher caliber domain like LL or NNN, for example.

    How are potential buyers handled? Do all shareholders have a say in sales or is it on a majority basis?
     
  16. Napkin.com

    Napkin.com Established Member VIP ★★★★★★★★★★

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    All shareholders will get a vote on yes/no to sell when offers come.
    It will be a weighted average (the more shares you own, the larger representation you have)
    This seems like the most fair way...
    you can also resell your shares on the exchange, when it's finished.
     
  17. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    Awesome!

    This is the definition of tokenizing assets, and the future, I believe. It could be domains, homes, art, or anything that holds true value.
     
  18. Internet.Domains

    Internet.Domains Top Member VIP

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    Yes, it is a form of tokenizing assets, however it's not done on a blockchain which is what "tokenizing" is.

    Ironically, the largest hurdle that "tokenizing" has encountered is the fact that it must be registered as a security. Somehow, this project seems to be able to do what many have been unable to do. It would be nice if there was more clarity as to how this investment is not a security. Currently, all indications are it is a security.
     
  19. Napkin.com

    Napkin.com Established Member VIP ★★★★★★★★★★

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    I'm certainly not going to sell unlicensed securities.
    I will have more info soon. :D
     
  20. Internet.Domains

    Internet.Domains Top Member VIP

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    The info regarding a security is valid. It's not private legal information. If you solicit investors you should be able to easily explain the legalities of the investment. I look forward to your disclosures.

    Wishing you and the project the best!
     
  21. Napkin.com

    Napkin.com Established Member VIP ★★★★★★★★★★

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    appreciate it.
    yes, it will be clear. thanks for the input!
    email anytime if you have questions or thoughts: [email protected]
     
  22. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    Tokenizing is more of an investment idea or approach, not necessarily the form of payment used to invest.

    This is an example of selling shares of something with value. Whether you invest with cash, crypto, or a loan is irrelevant imo.
     
  23. Mister Funsky

    Mister Funsky Happy New Year VIP

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    Sounds good to me...the only fair way to do it.

    How much commission does the marketplace make on a sale? (I assume profit will be deferred until a sale is made rather than charge a 'buyers' fee)

    Looking forward to buying my first share(s).
     
  24. Lox

    Lox _____ Gold Account VIP

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    Upfront, before any offer come, shareholders must agree/vote for how much will be sold ... absolute minimum price. Otherwise, you’ll face something like .. inside man f.e. how much would you sell your right to vote for X offer/s.

    IMO

    Regards
     
    Last edited: Dec 5, 2019
  25. Napkin.com

    Napkin.com Established Member VIP ★★★★★★★★★★

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    thanks.
    be sure to enter your email for updates.
    All info will be on the marketplace when live.
    Thanks!
     

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