- Joined
- Apr 26, 2003
- Messages
- 110
- Reaction score
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It's slightly surprising that nobody here seems to have commented on this development yet - it was announced on Friday (Note to PR: Fridays are only good for announcing bad news).
The following are selected quotes from the press release (which is available in its entirety at http://home.businesswire.com/portal...Id=news_view&newsId=20050408005110&newsLang=e):
"Drawing on the design of stock exchanges that provide secure, trusted and structured markets for buyers and sellers of publicly traded stocks, the new Global Domain Name Exchange (GDNX) has been launched to bring standardized business practices to the secondary domain name marketplace.
The breadth and depth of the GDNX market allows buyers and sellers to realize the best value for the exchange of domain names and to benefit from the lowest transaction costs. [...]
It is clear that the market for previously-registered names has grown so large, so diverse and so important to the health of the industry that it demands an open exchange to bring together the largest-possible number of buyers and sellers, and the largest variety of names and TLDs. [...]
The secondary domain name marketplace, valued over $100 million annually, includes domain names that have expired, as well as those that current owners want to sell. Still in its infancy, the market has yet to be standardized, leaving buyers and sellers splintered and subjecting prices to the price vagaries inherent in thin markets. [...]
By serving the resale, expiry and deletion elements of the secondary domain name market in one exchange, the GDNX can offer the most efficient solution with optimized valuations and significantly lower transaction costs. [...]
The GDNX provides a clearing house for the industry with simplified, standard practices that benefit all of its participants.[...]
The GDNX operates virtually, with member registrars serving as the public access to the market. Through their registrars, people will now have access to all available domains including valuation estimates and traffic analysis data. They also have the option of three different formats to conduct GDNX transactions: fixed price, auction and bid models. Buyer and sellers will each be assessed a two percent transaction fee for each domain which trades on the exchange. [...]"
With the benefit of hindsight, all great ideas seem obvious - don't they?
The following are selected quotes from the press release (which is available in its entirety at http://home.businesswire.com/portal...Id=news_view&newsId=20050408005110&newsLang=e):
"Drawing on the design of stock exchanges that provide secure, trusted and structured markets for buyers and sellers of publicly traded stocks, the new Global Domain Name Exchange (GDNX) has been launched to bring standardized business practices to the secondary domain name marketplace.
The breadth and depth of the GDNX market allows buyers and sellers to realize the best value for the exchange of domain names and to benefit from the lowest transaction costs. [...]
It is clear that the market for previously-registered names has grown so large, so diverse and so important to the health of the industry that it demands an open exchange to bring together the largest-possible number of buyers and sellers, and the largest variety of names and TLDs. [...]
The secondary domain name marketplace, valued over $100 million annually, includes domain names that have expired, as well as those that current owners want to sell. Still in its infancy, the market has yet to be standardized, leaving buyers and sellers splintered and subjecting prices to the price vagaries inherent in thin markets. [...]
By serving the resale, expiry and deletion elements of the secondary domain name market in one exchange, the GDNX can offer the most efficient solution with optimized valuations and significantly lower transaction costs. [...]
The GDNX provides a clearing house for the industry with simplified, standard practices that benefit all of its participants.[...]
The GDNX operates virtually, with member registrars serving as the public access to the market. Through their registrars, people will now have access to all available domains including valuation estimates and traffic analysis data. They also have the option of three different formats to conduct GDNX transactions: fixed price, auction and bid models. Buyer and sellers will each be assessed a two percent transaction fee for each domain which trades on the exchange. [...]"
With the benefit of hindsight, all great ideas seem obvious - don't they?
