Epik Takes Innovative Approach to Domain Trading

Tuesday, September 7th, 2010

Epik pushes the envelop at next week’s Domain Swap.

Epik BucksDomain lifecycle platform Epik likes to try new and innovative things. Next week’s Domain Swap event at Epik DevCon in Seattle is another example.

The Domain Swap brings in much needed liquidity and a common currency to domain trading, something that has been absent from similar ideas in the past. Here’s how it works:

1. Send a list of domains you wish to sell to Epik

2. Epik will buy some of the domains with its own currency, EpikBucks (the company has spent $50,000 in EpikBucks over the past 24 hours)

3. Use your EpikBucks during the swap event to buy other domains

It’s actually quite a clever concept. And you don’t have to limit your EpikBucks to just buying other domain names. You can pay for your admission to the conference with domain names, something I’ve never seen for a conference before. So if you were thinking about going to next week’s conference but are short on cash, you can now trade in some of your domain names instead.

Further Reading:

  1. Are you Going to Epik Developers Conference?
  2. Pay for TRAFFIC Conference with Your Domains
  3. Epik Domain Developer Conference Taking Shape for September

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5 Comments » - Posted in Domain Services by

Comments

  1. Rob Monster
    September 7th, 2010 | 10:35 am

    @Andrew – Thanks for covering the EpikBucks news on DNW.

    A couple of clarifying remarks covered elsewhere on the Epik blog:

    - The EpikBucks do not expire and transferable. The intent is to make it as close to a currency as possible without creating a taxable event.

    - The EpikBucks can also be used to bid at auction on 9/16. This is one reason folks are converting their domains into EpikBucks now rather than waiting for 9/17 AM.

    Program details are here:

    http://epik.com/conf/program.html

    Also, while the 9/16 auction is available for live participation via Moniker/Snapnames, the 9/17 SwapFest is only for in-person participants. Will be sweet.

  2. Stone
    September 7th, 2010 | 11:40 am

    >>> 1. Send a list of domains you wish to sell to Epik <<<

    What is the email ?

  3. The Original Domainer
    September 7th, 2010 | 11:51 am

    What is the exchange rate for my DNF Bucks?

  4. Colin Pape
    September 7th, 2010 | 11:54 am

    This is pure brilliance!

    Very forward thinking and a great use of domains as currency.

    I’m proud to be a part of the Epik conference and believe that Rob Monster and team are really on to something big.

    Exciting times for domain owners ahead!

    Colin

  5. todaro
    September 7th, 2010 | 11:56 am

    i hear there’s gonna be a swapfest… i can’t wait for that.

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