During Consensus 2018, one of the largest ever cryptocurrency domain name acquisitions was announced as a group of investors purchased the block-chain.com domain for $1 million or 111 Bitcoins. This makes it the third most expensive cryptocurrency domain name acquisition ever.
The most expensive blockchain domain names sold prior to this acquisition were btc.com which had been sold for $1.1 million as early as 2014 and eth.com which sold for $2 million in October 2017. The group of investors who purchased the domain immediately launched one of the biggest online portals in the blockchain and cryptocurrency.
The domain is now home to a customized blockchain and cryptocurrency news, information, and analytics platform rapidly on the rise. It houses most of the necessary information on blockchain and cryptocurrencies in a convenient, efficient, and time-saving platform.
The investors of the project aim to build a single portal for all cryptocurrency enthusiasts, bringing together everything a blockchain enthusiast may need in one portal such as current coin prices, cryptocurrency news updates, topical ICO projects, analytical materials, detailed information on the people influencing and developing the industry, different transactions in popular blockchains, and many other useful features.
The portal’s users can create an email account of the project domain and a full cryptocurrency portfolio. The information needed by the user is logically selected, interrelated, and chronologically arranged by the platform.
Each customer earns inner Block-Chain.com tokens (BC) when they perform various activities such as commenting and developing new content or simply visiting the website.
Block-Chain.com has no plans of holding an initial coin offering as its inner token was created to be spent on the platform for ad placement or using premium services. BC tokens will be available for sale and purchase on cryptocurrency exchanges such as EtherDelta.
At present, the total supply of BC tokens is 247,000,000 BC. 200,000,000 tokens will be paid to the site’s users for their activity on the platform, 30,000,000 is reserved for the team behind the project, and 17,000,000 is for the advisors supporting the project.
Block-Chain.com’s founders and investors are planning to put in more than $7 million of their own funds into the project for its development.