Nametoken struggles to create mass appeal, this is due to the lack of credible information provided by the business. The whitepaper fails to specify many details to which any investor should take account of. The given case study provides metrics on profitability and time and is based on a single website that the CEO happens to run. There is more information on the whitepaper with regards to the company's legal liability than there is about their business model.
Their "secret weapon" algorithm to determine the best domains to invest in can be concocted by any rudimentary programmer. Without any proof of successful domain leads generated, such algorithm is useless. With no confidence in the team or product, we find it difficult to invest in this coin.
Nametoken is a domain exchange platform built on blockchain technology. The platform aims to create a decentralized marketplace for domain transactions. Users can exchange domains for NAT tokens.The company was launched by a team that has 20+ years of experience in domain registration. They view domains as digital real estate – and high-value domains have always held an enormous amount of value.Obviously, the concept of buying and selling domains is nothing new. However, Nametoken moves the concept away from centralized marketplaces towards a decentralized system with lower fees, better transparency, and more benefits for users.Nametoken also has a unique deflationary system in place for its token, designed to ensure the value of the token rises over time (including a rewards program and a buyback program).