I need some help. Can anyone explain to me what Digital Town does? I know what Epik does. I know who Rob Monster is. I know Joseph Peterson. I know he would never be a part of something non legit. But I have been to the website, read through their balance sheet and “earnings” and I don’t get it. It got even worse when I went to get more details here . Rob tries to explain things but I’m getting no real information on what they actually do. Real life examples of how income is generated. I know what they WANT to do, I just don’t know what they are doing right now. Here is CEO Monster’s explanation:
1. Smart Cities: In the global move to Smart Cities, DigitalTown provides an operating system that connects stakeholders using an open platform that can be extended through a flexible API. Smart Government, Economic Development, Civic Engagement, Digital Inclusion and Smart Tourism are all brought to the cloud.
2. Smart Web: We envision an internet that is intuitive through descriptive domain extensions such as .CITY for cities, .SHOP for shopping, and .LAW for legal services. Austin.Law, Chicago.Menu, Nashville.Shop, Smart.London, Etc. This is described further via a presentation made at an ICANN meeting in May 2017:
3. Smart Wallet: In a DigitalTown, every citizen gets a Smart Wallet. It is a true single-sign-on. It is also a cloud wallet for personal preferences, payment methods, transaction history, and identity verification. In short, it is “Single Sign on for the World”.
We are fomenting a global movement that is designed to stem the tide against winner-take-all platform titans like Amazon that are drawing funds out of local economies. You can see how we have started to do this in London with Smart.London where the end-game is to license the platform to the Greater London Authority.
We have assembled some amazing people at all levels: Board, Management, Advisors, and Partners. This has been through both organic hiring and through acquisitions.
In terms of revenue, there are 3 main growth engines:
1. Licensing and Blockchain ICOs: Our end-game is to license DigitalTown to each municipality. Our typical price point is $3-5 per capita for perpetual licensing. Over time, we expect this price point will go up. For cities that don’t license at the municipality level, our solution is to use Blockchain for syndication of each city across multiple stakeholders, i.e. typically NOT a single owner if it is not the municipality itself.
2. Transactions: In a DigitalTown, every citizen gets a SmartWallet, and every Merchant gets a free digital storefront. We charge transaction fees of 8-12%. We also streamline the ability for consumers, merchants and public services to transact with each other, bypassing the traditional merchant processor where possible.
3. Domain Name Sales: We have secured a large number of strategic partnerships for powering the SmartWeb. We get paid by the registries to distribute their domains. For example, GMO of Japan is paying us $560K to distribute their .SHOP extension in addition to providing favorable wholesale pricing.
Bill Kara wasn’t buying any of it in the comment sections and I am going to have to agree, I too am just too stupid to see anything here other than an idea. And I love ideas, but I absolutely can’t see any of this working. I don’t think Digital Town is scamming anyone. I think the only money they are going to lose is their own and investors. Epik will be fine. That model works and Epik seems to be holding their own. All this other junk? You can add bitcoin, blockchain, ICO, wallet or whatever keywords you want to press releases and that doesn’t make them good business models. It makes them a more read press release. We’ll see if I’m proven wrong in time and I’ve put this here to bookmark whether my business acumen was good or not. Here are today’s names, you have to click to see current price.
Quote of the Day: “A man is not old until regrets take the place of dreams.” -John Barrymore
Domain of the Day: CryptoCoin.tv A whole channel dedicated to crypto. There would be plenty of viewers right now
Namejet and Sedo Names at Auction
EPAU.com Met reserve. Closing today and can be all yours
GlowStick.com Great brand. These are the kinds of names that are fetching great prices
N6N.com Interesting pattern. Memorable in English but more in the favor of the Chinese
MDHN.com Great letters here. A CHiP so the price is $900 like always
27885.com Best 5N on the board today IMO
CancerServices.com Sounds professional in a ever-growing business segment
Cafeterias.com The plural would be a killer name. This is more of a injure type name. Should make reserve
Kinjo.com Love this one. May be my favorite 5L brand in a while
SleepPerfect.com Nothing better than a good night’s sleep. No bids at $1
Attics.com One bidder at $1. Attics are the new basement
Godaddy Domains That I Like With Multiple Bids
CoinAccess.org With bitcoin at $7000, more and more people want access and management tools for their coins. At $20
HugeCash.com Upgrade name for a few financial companies
78902.com The only 5N.com and its at $3K already
CouponMagazine.com If there is one thing that will stand the test of time is coupons. 1997 domain
TerraNatural.com Upgrade domain for a few places
WineList.net Big enough keywords to overcome the dot net. Getting a few bids
Snowball.co Love the brand, don’t like the ccTLD
MuniCoin.com If I had a random coin name I would be selling it right now
Godaddy Names With One or No Bids
XMQK.com Awful letters but not to the Chinese. They’re beautiful to them
TheTrendsetters.com 1999 domain. The internet is built around influencers
SewWonderful.com One bid. 1999 domain. Great play on the word. And tailoring is a big need with all the fatties
AngelWind.com Let an angel investor put some wind in your sail. 1999 birthday
HellaFine.com A slang term for exceptional or great. Being used by some brands including a wine
WomenAndBeer.com How can you improve from there. Worth millions but yet still no bidders
HappyCharts.com Nice name for a charting system
HappyField.com Another happy name. Also has one bid
UnitedStar.com Sounds like an old company that you’re not sure what they make or do
VegetableCity.com It’s a great place to visit but I wouldn’t want to live there
Other Domains With Bids
Have a name at auction and need more exposure? Send me an email. I Charge $10 per name per day. We may be able to help. If you have an auction you want to promote, email us for details.*All names chosen by me Shane, or Josh . (ie you click through and purchase a name you like) or an occasional paid listing. Everything I say is based on my own research or is opinion. Do your own due diligence. That means look it up yourself if you don’t think the stats or my opinion is correct. I hand choose my names but I am paid to make this list by the auction houses, individuals that are auctioning names, and Godaddy affiliate links. Keep that in mind and only buy names that YOU think are good