Domain Shane’s Daily List of Domains at Auction for Thursday November 2nd, 2017

Nov 02 2017

Escrow.comI 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:     A whole channel dedicated to crypto.  There would be plenty of viewers right now

Namejet  and Sedo Names at Auction      Met reserve.  Closing today and can be all yours   Great brand.  These are the kinds of names that are fetching great prices   Interesting pattern.   Memorable in English but more in the favor of the Chinese   Great letters here.  A CHiP so the price is $900 like always    Best 5N on the board today IMO  Sounds professional in a ever-growing business segment    The plural would be a killer name. This is more of a injure type name.  Should make reserve  Love this one.  May be my favorite 5L brand in a while   Nothing better than a good night’s sleep.   No bids at $1   One bidder at $1.    Attics are the new basement

Godaddy Domains That I Like With Multiple Bids        With bitcoin at $7000, more and more people want access and management tools for their coins.  At $20  Upgrade name for a few financial companies   The only and its at $3K already   If there is one thing that will stand the test of time is coupons.  1997 domain    Upgrade domain for a few places  Big enough keywords to overcome the dot net.  Getting a few bids   Love the brand, don’t like the ccTLD    If I had a random coin name I would be selling it right now


Godaddy Names With One or No Bids Awful letters but not to the Chinese. They’re beautiful to them 1999 domain. The internet is built around influencers One bid. 1999 domain. Great play on the word. And tailoring is a big need with all the fatties Let an angel investor put some wind in your sail. 1999 birthday A slang term for exceptional or great. Being used by some brands including a wine How can you improve from there. Worth millions but yet still no bidders Nice name for a charting system Another happy name. Also has one bid Sounds like an old company that you’re not sure what they make or do 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 emailI 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

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Outsmarting the Dumb, Outworking the Smart

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  1. Ategy

    Shane .. check out Domain Name Wire #92 .. kinda gives you a good idea of the vision. I have no idea if it’s working or not .. that was basically the first and last time I heard of them.

    I’ll post a link in another comment so this one doesn’t get held up for moderation …

    1. Post author

      I’ve always said Rob Monster has great ideas. He is a thinker. A registrar is a pretty defined business model. That interview is pretty much more of the same stuff in the comments. Ideas. So I guess the best thing is to watch and see how it evolves.

      1. Ategy

        From the interview (a year ago) .. it sounds like he’s trying to build the modern day version of the tourist “city magazines” .. similar like the mags you find in hotels with all the notices and coupons etc. I think most of these mags are owned by a small number of networks who just rehash stories. Low effort, low cost. lots of ads.
        Obviously being digital, online and on-demand on phones as an app, what they can do is significantly more engaging than the magazines.
        Just as interesting is the flip approach in “renting” the tech to individual cities.
        As I said .. I haven’t seen anything since .. but if done right and with a bit of luck .. this is potentially absolutely “Monstrous” in size and scope.
        The key is getting the critical mass .. after they get past that (if they haven’t already) .. $$$KACHING$$$
        What made you bring this up today? Did something happen with them?

      2. Post author

        I guess I’m not judging the idea. I agree it sounds like it may work. But I think it goes against everything the Internet is trying to move away from. Plug and play sites and mass produced sites. What made me bring it up was going through OnlineDomain and seeing all the comments. It turned out just to be an argument between Bill Kara and Rob Monster. During the entire argument I didn’t see one example of something in play, working, and successful. Hopefully that will come in due time. I am merely stating I don’t believe it will. But I don’t wish anyone failure. As an investor, stock market guy, I am have seen this wordsmithing before and am always leery

  2. Ategy

    1- Noticed you posted another .co again today! lol .. I still like good single-terms .. still can’t believe the ones I’ve sold! 🙂
    2- is plural .. you’re missing the S in the link.
    3- is at $5 closeout at GoDaddy for anyone who wants to start a therapy center for domainers scared of their portfolios! 😉

  3. Tim Davids

    I only read what you posted here. Looks like they want to be the middle man between crypto and the public.
    If you can figure out how, sure it’s great. I don’t see cities, already full of potholes, paying $3-$5 per citizen to give you the privilege.

  4. Robin

    English is my first language and something that I excelled at in school. I feel that my english comprehension skills solid. That being said, I often run into corporate presentations that I can’t make heads or tails of. My litmus test for an investment is quite simple. Make a cup of coffee and sit down with my wife and I must be able to explain to her, what a company does and how they intend to monetize their business within five minutes. Many good companies don’t meet my criteria and Digital Town is included in that bunch. They may be onto to something and I appreciate how difficult it can be to take a corporate vision and communicate that vision into a simple and cohesive statement. I wish them the best, but in my shark tank they are not investible at this time.

  5. R P

    Unfortunately cant help you. Reviewed their financial statements few months ago. Then tried shorting shares but none were available to short from my broker.

    At the end of the day companies need cash flow and profits. Ideas are great but they dont keep the lights on when the tide goes out to sea.

    Good luck to all

  6. Fatih OZ

    Idea sounds good like many dead ones. But i agree with what Bill said.

    “to provide a set of well define services at the lowest tax rate possible.”

    Cities are not private companies and i see no reason for them to lock their services with digitaltown this way or that.

    That said, Rob might be hundred years in front of us i dont know. I just know this. My city istanbul operates the .ist and .istanbul gtlds. At the moment they have many apps like traffic but people prefer yandex or google navi instead. Also most of the users of the extension is goverment itself.

    Finally the best thing to silence all is to give one example that is working 🙂

    I wish everyone the best with their projects.

    Note. Robs writing style reminds me of that Jeff Sneider (Metal Group Tiger etc.) guy.:) i dont understnad anything. am i the only one or my english is not good maybe.

  7. Gordon

    I was on their website last week trying to figure out the same thing. If we can’t digest it, how on earth is Joe Bureaucrat at city hall going to pick up on this? They are not and won’t.

  8. Bill Kara

    Guys this is a public company and the Rob ‘the blockchain’ Monster is buying stuff largely with equity and posting comments about their valuation and how they could raise 30m but wanted to go another route. All the while their SEC filing says cash could run out !this! Month.

    At the core of this all NO ONE can actually show us their product.

    Unless their product is a vivid description of an actual product. Sorta like on eBay when some lists a rare sports car specs but the listing is actually just selling a picture of it.

    Amazon block chain altcoin city center dot city mobile app for cities?

      1. Ategy

        No Shane .. you got him wrong .. it’s two separate things he was saying:
        1- That you (probably) meant (to say) the singular?
        2- This is what you actually wrote above:
        “ The plural would be a killer name. This is more of a injure type name. Should make reserve”
        PS .. What’s an “injure type name” .. one that makes you smack your head on the wall after you realise you got it in the wrong tense?
        And yes .. Definitely the SINGULAR is by far the better brand! 🙂

  9. Travis M.

    “we charge transaction fees of 8-12%” That sounds much better than a traditional credit card processor who charges less than 4%. I had never heard of Digital Town prior to reading this, but it sounds ridiculous.

  10. Rob Monster

    As for seeing a sample city site, check out Under the City Info tab, it has some of the civic engagement features enabled. There is a lot more to come here but it is a fine example to follow for anyone tracking DigitalTown’s progress.

    Market interest for DigitalTown has been particularly strong in Europe and Latin America where we have sales staff. The biggest trade show of the year is Smart City Expo, November 14-16. We’ll be there with a big presence.

    In the meantime, some more news on DigitalTown in case you missed it:

    In the near future, I expect a lot more cities will have their own mobile app — an app that you would actually find useful. The DigitalTown-integrated rewrite of the app should be in the App store in around a week, and then the rollout begins to cities concurrent with working with municipalities, chambers and visitor bureaus. City Information has 3.1 million downloads across more than 800 cities. The model of local apps is already proven. We are making it transactional.

    The other major theme that you will hear about is SmartWallet. The problem with many independent small business websites is that more and more people are not interested in creating yet another login for a website they will use once or rarely. DigitalTown’s goal is to make it convenient to register once across a network of sites. This is also why we work with existing trust networks such as municipalities, chambers of commerce and trade associations.

    As for the commission rates, 8-12% is very competitive. Expedia charges up to 40% for lodging bookings. Seamless, GrubHub and Ubereats are ~30% for dining delivery. Uber was charging a 30% commission, but now is heading even higher by simply arbitraging a spread between driver and passenger. DigitalTown intends to focus on a sustainable commission structure that maximizes long term value of the local marketplace. Also, peer to peer digital payments from Smart Wallet to Smart Wallet are actually commitssion-free.

    As for Blockchain, if anyone missed the Bitcoin wave, so be it. This is still early days for Blockchain. Blockchain is very real and our planned use of Blockchain is very real. However rather than having a Blockchain backed by nothing and targeted at everyone, our approach is to have a Blockchain backed by the operating business of a city platform, and targeted at the people who live there. We have not issued any coins yet, but folks can pre-register to get their coin for free. When their city comes fully online, they will get notified that a coin was deposited in the wallet for the city where they are a verified resident.

    As for the domain industry, there is a big mispricing for the new TLDs. If you are strategic, you can get many of these TLDs for almost free. However, instead of buying these TLDs like a sniper or on the drop, I am more interested in buying in bulk with a strategic thesis on how those new domains can improve peoples lives. Some registries get this better than others, but there is a tipping point as registries come to terms with the reality that the registrar channel will not carry the water.

    As for .ISTANBUL, we are not working with them yet, but that is precisely why they need DigitalTown. Istanbul’s Chamber of Commerce has 400,000 member businesses. I have been to Istanbul twice this year and we are making progress there. Istanbul is a funny case, with only 2% eCommerce penetration. However, with Ali Baba coming from the East and Amazon coming from the West, the Digital Silk Road is certainly up for grabs, and the operators of the Bazaars and Souks fully know it. As such, I see an interesting opportunity for not just .ISTANBUL but also .SHOP with whom we are strategic partners.

    I realize that the concept of DigitalTown may sound odd to some. The simple explanation is that any city can be its own Google, Expedia, OpenTable, AirBnB and PayPal, all branded in the identity of the city on web and mobile. The idea is really not that crazy. This survey result just came out that shows the change in mindset among civic leaders about dealing with the sharing economy through strategic partnership with the private sector:

    DigitalTown is certainly no more crazy of an idea than the likes of AirBnB, Uber and Bitcoin at the time when these ideas first surfaced. At some point there needs to be a competitive response to winner-take-all and I think this has as good a shot as any. The odds of building any significant business are plenty tough. The odds of building a business that changes the world, and leaves some significant mark on a lot of peoples lives is even tougher. We happened to set out to do this as a public company. In retrospect, I am not sure I prefer to be in the public eye during the development stage, but it is choice. Given the acquisition strategy, I think it was worth being public.

    1. Bill Kara

      There’s nothing stopping you from taking all these ideas and just doing them in your head without using other peoples money.

      Just try it, instead of paying for all of these marketing PR releases you just write down on a sheet of paper the, whatever is trending on twitter, idea of the moment.

      !!Blockchain car washes mobile drone 3rd printing on demand for cities.!!

      Now, write it down, and instead of going to all these conferences you just water your grass.

      Now with all of that money you didn’t spend, you buy MORE paper and write down even MORE ideas in your idea journal.

      !!Cryptic secure payment hyper loops for digital cities smart transportation grids.!!

      Boom, another company idea is born, you repeat this step, saving even more money, buying EVEN MORE paper and soon enough you’ll have a notebook full of companies and ideas.

      Now the only logical point at this time would be a ICO so that everyone can share in the ownership of this treasure trove of ideas. You ICO of “idea dollars” goes forward and you retire a rich man.

      Im going to present this idea at the next shareholders meeting once I figure out how to buy a share of this company for quarter.

  11. Bill Kara

    Robert, bud you have to stop, or at least go forward only using your own money to attend these trade shows and travel all over the place.

    You know is a fully functioning website. Does the City of Nashville know or care you exist?

    You don’t have a functioning product that a “city” could even adopt, but you realize what the procurement process and sales lead time would be for something like this?

    You’ll have started 10 new ventures by the time this one sells its first blockchain open table uber eats DQ pizza bitcoin for cities all your can eat platform (TM)…

  12. Bill Kara

    Wow I just read this festering pile of shit…

    …”No more spam emails: Persons who prefer to not to receive spam message can maintain a list of authorized senders, and even have the option of even charging senders to send them messages. Proceeds are deposited to their SmartWallet upon acknowledging receipt.”…

    I almost think Rob Monster is in a creative writing class on entrepreneurship.

    …” announced today the launch of permanent digital addresses for Netizens who are legal residents concurrent with the start of the rollout of their Blockchain based Smart City Platform across more than 20,000 of the world’s largest cities.”…

    This is insanity lol

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