socialmediamanager.eth
0.14-420   
bringbeer.eth
4.2001  
modifies.eth
1-38.9   
socialmediamanager.eth
0.14-420   
bringbeer.eth
4.2001  
modifies.eth
1-38.9   

ENS domain appraisal use cases

  • Author : Donna
  • Date : 16th Aug, 2022
  • Time : 6 Min Read

ENS domain appraisal is only limited by your imagination, wit and cunning intellect. Like any tool that exists to serve blockchain it can be utilized in many different ways to serve different purposes. To list just a few:

- Minting a new ENS domain name
Minting is the process of creating an ENS domain on the blockchain via your wallet to gain full custody of it. The only person that has control over the domain is the person who has access to that wallet.

When you are deciding on a new domain name to mint you need to gather as much information as possible. With our tool that only takes a couple of seconds. Compare that to the hours you spend on your research. In case you are a collector - you can quickly and easily check multiple domains and see if they are suitable for your portfolio, get them appraised and decide on whether to go for it, wait it out or skip.

- Buying an existing ENS domain
Buying an ENS domain at the asking price is like buying a house at the asking price - by introducing an algorithmic approach, we eliminate the pitfalls created by human bias, mood swings and conflicting interests. Of course at the end of the day, any ENS domain costs as much as someone is willing to pay for them - but our hope is to normalize domain values to help create an environment that is stable and safe.

With our tool you can quickly appraise a domain name you plan to buy and get a realistic idea on whether the price you are paying is adequate for the moment. Once again, it is entirely up to you on whether you decide to invest and how much you want to invest. It’s our mission to make sure you know the face value.

- Selling your ENS domain
We’ve all been there. Either undervaluing our asset or thinking it costs way more than you can actually get at the moment. For those of us that are not only collectors but also see ENS as an investing and brokerage mechanism, it is vital to know exactly how much you can sell your domain name for at any given moment.

There is always the possibility that there is a person out there that will pay a lot more, or thinks it actually costs a lot less. You can also hold it for years and see it either appreciate or depreciate in value. What our tool offers is an unbiased value appraisal, based on specific data and the current market conditions now.

Author
Donna

DomainsRoom Strategist

Recent post
Social sites
Privacy and Usage Policy