Almost all of these domain-issuing projects claim to be decentralized. They are, nonetheless, centralized due to their architecture. All domains cease to exist if the centralized entity ceases to exist. Thus, there is no utterly decentralized domain name creation, issuance, and verification system/project with a decentralized browser and a DNS resolver.
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EXIP is a multi-blockchain-powered initiative that aims to free internet users from the grip of the Internet Assigned Numbers Authority (IANA) and the Internet Corporation for Assigned Names and Numbers (ICANN) (ICANN). The first such application is a Blockchain DNS Solution, in which an agnostic Non-Fungible Token (NFT) identifies and secures your Domain & Top-Level Domains. In addition, EXIP features a use and governance token that promotes the project when you interact with it shortly. "EXIP" is the token's symbol. Members of the EXIP community may use the token to trade, and auction domains and token holders get staked when domains and TLDs are acquired and auctioned. At the start of the Binance Chain, a total of 2,100,000 tokens will be released.
What Is EXIP Token
EXIP introduces the EXIP token, a native token that serves as an agnostic usage and governance token. EXIP issued an EXIP token based on Binance BEP-20, with a total supply of 2,100,000 tokens accessible at any given time. Users that purchase an EXIP token will enjoy a variety of benefits, including the opportunity to acquire, sell, and auction domains, as well as bonuses for just holding tokens. In addition, users will get EXIP tokens through a future IEO initiative launched by EXIP.
What is the EXIP Blockchain Agnostic Token Model?
For any given period, the total number of tokens distributed will be 2,100,000. When users purchase a domain or a TLD, EXIP token owners receive 21% of the purchase price. In the beginning, 2.1 million EXIP coins will be created in BSC (Binance Smart chain) and offered on exchanges. Simultaneously, 2.1M EXIP tokens based on Ethereum and stellar are produced and locked in the pool wallet. The Ethereum-based EXIP Tokens will be offered if the EXIP reaches 1.1+M (50 percent) tokens in the sale. When users wish to convert their Tokens, they may go to the EXIP pool wallet, authenticate their ownership, and restore the tokens before transferring them to their wallets. The remaining tokens will be returned to pool accounts. Thus, at each moment in time, the price and supply of each chain token will be the same. Even if the community wishes for EXIP to produce tokens in any specific blockchain in the future, this may be accomplished by community vote.
Features Of EXIP Token
Liberation from Internet Control
Consider a scenario in which the community is entirely free of internet regulation. IANA and ICANN were now dangerously dominating the internet and TLDs. When EXIP goes live, the internet will be decentralized. Because individuals will have total authority over their domains and TLDs, these two organizations will no longer have the authority to dictate what occurs on the internet.
Community Stakes and Rewards
All EXIP project participants (token holders, nodes) would be substantially staked and rewarded. In addition, because this is a community-focused initiative, community members will get remuneration, solid security, and internet connections for as long as they stay in the community.
Possibility of Using Blockchain-Based DNS Technologies
EXIP will allow users to have access to blockchain-based DNS solutions. For example, if you create a domain using DNS, you will visit it using a dedicated browser or a decentralized DNS server.
Possibility of Hosting Static Websites
Early adopters of EXIP will host decentralized static websites as long as they have at least one active domain. To reach this milestone, the EXIP team relies on IPFS.
The Domain Price Structure Of EXIP
The starting price will be USD 1.00, and the price will increase by USD 1.00 per 2500 domains granted until 25,000 domains are issued. After 25,000 dominos, the price will be set at ten dollars. When a user buys a domain, 21% of the cost is pledged to EXIP token owners, 40% goes to the EXIP ecosystems, 19% for node runners, and 20% for sub-agents. The owner of an NFT-based domain has total control over how it is used. If a domain has been idle for a long time, the community might vote to burn the NFT and resurrect it for sale. If the community wants to ban a domain or TLD, they can get over 51% of the vote in the EXIP community. The voting is open to anybody who has EXIP tokens, and each token has one vote.
The central organization and lack of validation of the data we get are the critical issues with DNS-over-HTTPS. With a few large firms knowing more and more about us, this centralized infrastructure is turning into a single point of failure (SPOF) for security and an enemy for privacy. We believe that the decentralized blockchain architecture is the ideal foundation for DNS at Diode. EXIP is the ultimate solution to these problems. Join EXIP to enjoy the decentralized future.
Website: https://exip.live/
Whitepaper: https://exip.live/white-paper/
Medium: https://exip.medium.com/
Linkedin: https://www.linkedin.com/company/exiptoken/
Telegram: https://t.me/exipofficial
Twitter: https://twitter.com/ExipOfficial
Facebook: https://www.facebook.com/exipproject
Bitcointalk Name: MoneyCryptor520
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2243921;sa=summary
Telegram: @shanimiriach
Bsc Wallet: 0x05d9386Ad9583acE0eb5d97517519Eab2EA19707
Interesting Project... Domains as NFTs... And thanks for your informative writings.
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