Uniregistry Now Accepting Topcoin | DomainInvesting.com
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Uniregistry Now Accepting Topcoin

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According to a tweet from Uniregistry founder Frank Schilling, Uniregistry is now accepting Topcoin to pay for domain registrations across all extensions. By the end of the day today, Topcoin can also be used for inbound domain transfers and renewals across all extensions. I was told company will soon accept the cryptocurrency to pay for premium domain names offered by the registry, such as registry reserved .Link, .Help, .Property and other domain names.

I was told “Uniregistry customers receive 50% of their purchase in topcoin at no additional charge when they buy, transfer or renew a domain name. They can redeem 20-35% of registration, transfer or renewal purchases in Topcoin. Early in the new year you will be able to redeem up to 100% of premium domain name purchases in Topcoin.

Topcoin (TPC) is a cryptocurrency that was introduced in February of 2014 (update: see comment from Miles below), and I understand that it can be converted into Bitcoin (and vice versa) relatively easily. According to Frank, Topcoin “acts as a discounting mechanism and we intend to offer 100% exchange of top coin for premium names at low conversion rates by late this year.” Because the actual cost of each premium-designated registry domain names is nil, the potential downside risk of Topcoin currency fluctuations is relatively minimal.

I believe Namecheap was the first domain registrar to accept Bitcoin (or any cryptocurrency) to register domain names, as the company announced on its blog in March of 2013. Uniregistry will be the first domain registry to offer customers the ability to purchase premium domain names with cryptocurrency.

The company will also accept TPC for a percentage of Name Administration Inc. premium domain names. In addition, I was told the company will likely roll this option out to clients who use DomainNameSales.com once the platform is migrated inside Uniregistry, which is expected early in 2015. I am sure there will be an official announcement once this happens.


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


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Comments (12)

    Ron

    Nice to see uniregistry keep pushing forward with new ideas, and incentives. I am sure many members would like to see paypal integrated first though, as I keep getting some sort of foreign exchange fee, and paypal might get rid of that.

    November 13th, 2014 at 12:06 pm

      Elliot Silver

      I think I have a Paypal fee as well when paid via DNS for parking revenue.

      In reply to Ron | November 13th, 2014 at 12:08 pm

      Ron

      Elliot, it has nothing to do with DNS, it is the way US based credit cards are processed, it causes a foreign transaction fee. You should try unregistry it is a very good platform, my only complaint is that fee when I use my credit card, no way around it as of now.

      In reply to Elliot Silver | November 13th, 2014 at 1:25 pm

      Elliot Silver

      I do use Uniregistry, but I have not noticed a fee. I probably should pay better attention to that I suppose.

      In reply to Ron | November 13th, 2014 at 1:28 pm

    Frank Schilling

    Uniregistry’s Paypal integration is complete!!

    We are just testing it this week and hope to launch that on the weekend. You will be able to pay with Paypal and still receive 50% of your purchase in Topcoin at no additional charge :-)

    November 13th, 2014 at 12:26 pm

      AbdulBasit Makrani

      Thanks for the update Frank and it’s great to see you are coming up with new ideas and implementing it every now and then.

      In reply to Frank Schilling | November 13th, 2014 at 12:46 pm

    Crypto Names

    Upon further research ( https://topcoin.com/details ), this looks to be an excellent use case of the cryptocurrency/blockchain technology. Topcoin doesn’t appear to be a purely decentralized cryptocurrency one can speculate on such as Bitcoin, Litecoin, rather, be it an innovative loyalty rewards program. Thus, you can only obtain it by purchasing a domain name from one of the Topcoin partners, and in-turn, only spend it at one of those partners on domain names/hosting.

    Question: Didn’t Epik receive a patent on this cryptocurrency-to-domain-name closed loop system last year? http://domainnamewire.com/2013/09/12/epik-patent/

    Overall it sounds like a brilliant strategy to build upon the synergies of two complimentary digital asset classes.

    November 13th, 2014 at 1:18 pm

    Kassey

    Can someone explain to me why Bitcoin is not used directly for the transactions but instead must go through Topcoin as a middleman?

    November 13th, 2014 at 8:22 pm

    Miles Forrest

    Appears there’s some confusion between:

    – TopCoin (TPC) http://topcoin.com/details

    and:

    – TopCoin (TOP) http://topcoin.pw/

    From what I can tell, they are completely unrelated, but some of the details from the article are bleeding into each other. TOP started in Feb 2014, but TPC started in Sept 2014. One appears to be yasc (yet another scam coin) and the other seems to have validity.

    Have I got that right?

    November 14th, 2014 at 12:59 pm

      Elliot Silver

      You may be right… I am not familiar with either of them.

      November 14th, 2014 at 1:00 pm

      Elliot Silver

      I edited the post (crossed out the date and referenced your comment).

      In reply to Miles Forrest | November 14th, 2014 at 1:03 pm

    George G.

    This is basically a 50% instant cash back on domain purchases, right? 50% Topcoin credit -> exchange to bitcoin -> exchange to cash via coinbase.

    But the name choice is not a great one, not only b/c of the existing topcoin.pw currency but also b/c ‘topcoin’ doesn’t give you an idea of what the coin is used for. To contrast, the URO cryptocurrency name gives a hint of what the coin can be used for (exchange it for raw urea deposits).

    November 24th, 2014 at 6:38 pm

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