Domain Minting: Which Blockchain to Choose?

domain minting

In recent years, the world has witnessed a rapid expansion in using and adopting blockchain technology. One of the most exciting applications of this technology is the concept of domain minting. Domain minting allows individuals and businesses to create their unique digital identities on the blockchain. It can be used for various purposes, including web hosting, email services, and more.

If you’re interested in domain minting, the first step is to choose the right blockchain platform to use. In this article, we’ll explore some of the most popular blockchain platforms for domain minting and help you decide which one to choose. Let’s get to it.

What is Domain Minting?

Domain minting is a relatively new concept in the world of blockchain technology. It involves the creation of a unique digital identity in the form of a non-fungible token (NFT) domain name on a blockchain. This process is similar to the traditional domain name registration process but with blockchain technology’s added security and decentralization.

Non-fungible tokens are unique digital assets that cannot be replicated or exchanged for something else. They are ideal for use in domain minting. This is because they allow individuals and businesses to create a unique digital identity that cannot be copied or tampered with.

To mint a new domain name on a blockchain, an individual or organization must first select the blockchain platform they wish to use. Once they have chosen a blockchain platform, they can use its tools to create a new NFT domain name. This process involves selecting a name, setting the parameters of the domain, and paying a fee to register the new domain on the blockchain.

Once a new domain name has been minted on the blockchain, it gains some features. It becomes a unique digital asset that can be bought, sold, or transferred like any other NFT. This means that individuals and businesses can use their domain name to host websites, create email addresses, set up web3 meetings, or engage in other online activities that require a digital identity.

Domain minting is an exciting development in the world of blockchain technology. It allows individuals and businesses to create a unique digital identity that is secure and decentralized. This means that they can control their digital identity without relying on centralized authorities to manage their online presence. They can be bought and sold on secondary markets because they have attained a digital feature. It provides a new avenue for investment and speculation in the blockchain space.

What are the available Blockchains that you can carry out domain minting on?

Below, you will see four (4) blockchains that you can mint your domain. Some are very familiar, while others aren’t. Read on to learn more about them before you mint your next domain.

      BSC

Binance Smart Chain (BSC) is a blockchain platform developed by Binance. It enables decentralized applications (DApps) and low-cost transactions. It extends Binance Chain’s capabilities, using Proof of Staked Authority (PoSA) consensus for fast block times. BSC is compatible with Ethereum, enhancing interoperability, and its native cryptocurrency is Binance Coin (BNB).

●      Aurora 

Aurora (AOA) is a cryptocurrency and blockchain platform designed to offer decentralized finance solutions. It aims to address scalability and efficiency issues faced by existing platforms like Ethereum. Aurora utilizes a unique consensus mechanism called “Aurora Chain.” It combines delegated proof-of-stake (DPoS) and Byzantine fault tolerance (BFT) algorithms to enhance transaction processing speed and throughput. The platform provides various services. Some of which include a smart contract platform, decentralized applications (DApps), and a token economy. 

●      Cronos

Cronos is a blockchain platform developed by Crypto.com to enhance the Crypto.org Chain. It offers scalability and interoperability for developers to create decentralized applications (DApps) and blockchain services. Cronos ensures secure and efficient transaction processing by leveraging the Tendermint consensus algorithm and Cosmos SDK. It supports the Ethereum Virtual Machine (EVM), enabling developers to use existing Ethereum tools and smart contracts.

●      Polygon

Polygon, formerly Matic Network, is a popular blockchain platform offering a fast and low-cost alternative to Ethereum. Its scalability, security, and low transaction fees provide an ideal environment for domain minting. With its high throughput and fast confirmation times, Polygon offers an efficient platform for creating and managing NFT domain names. Additionally, Polygon’s growing ecosystem of decentralized applications (dApps) and tools make it an attractive choice for individuals and businesses looking to create a unique digital identity on the blockchain

What blockchains does Freename support?

Freename, the decentralized protocol, allows users to mint and trade blockchain domain names. As of April 2023, users can mint on several blockchain networks, including Aurora, Binance Smart Chain (BSC), Cronos, and Polygon.

Freename is also planning to add support for other blockchain networks soon, such as Near, Avalanche, Ethereum and Solana. Each blockchain network has unique features and advantages, such as faster transaction speeds, lower fees, and better scalability. Users can choose the blockchain network that best fits their needs and preferences when minting domain names on FreeName.

Minting on Freename gives you an opportunity to enjoy certain benefits. With Freename, you only have to pay once. It doesn’t attract any renewal fee. In addition, you can also earn royalties for every SLD registered under your minted TLD.

Conclusion

When choosing a blockchain for minting, there are several factors to consider. Each blockchain has its own strengths and weaknesses, including transaction speed, security, scalability, and cost. Ethereum is currently the most popular blockchain for minting, thanks to its established network and robust smart contract capabilities.

However, newer blockchains such as Binance Smart Chain, Ziqualla, Polygon, and Tron are also gaining popularity due to their faster transaction speeds and lower fees. Ultimately, the choice of blockchain will depend on specific factors. This includes the needs and goals of the minting project, as well as the resources available for development and deployment.

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How does it work?

Accordingly to the day when you will finalise your purchase, you have the right to receive from 1 to 3 NFT Domains for FREE!

Once you have completed your order, within 48h you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain/s.

You can chose on which blockchain you want to mint on and minting fee is covered by Freename!

HOW TO USE COUPONS:

Once you have added your favorite items to the cart, you proceed to “checkout” and add your coupon to the “coupon box”.

Said coupon will instantly do its magic and your due total will drop!

COUPON CODE CAN ONLY BE USED ONCE!
ENJOY YOUR SHOPPING AND GIFTS!

How does it work?

Once you have completed your order, you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain value $50 or if you’re lucky a randomly assigned TLD with value $699 (between these: .immersive; .multiverse; .freelancer; .cashback; .hologram)

you can chose on which blockchain you want to mint your NFT Domain/TLD on and minting fee is covered by Freename!

GOOD LUCK!

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Why do i Need a Wallet?

Freename domains are blockchain-based assets and would be minted and stored using a wallet. Users are required to mint and manage their domains using a Metamask or Coinbase-configured wallet. It must be a non-custodial wallet, meaning that one must own the private keys to the wallet in order to approve transactions via a signature.

To benefit from Freename Web 3 domains/TLDs, you must have a wallet. This is because Web 3 domains/TLDs are blockchain-based assets. Users can mint and manage their domains using Metamask or Coinbase-configured wallets.

Keep in mind that it must be a non-custodial wallet. You own the private keys to the wallet (in order to approve transactions via a signature).

Are the Domains Associated with ICANN?

ICANN does not manage freename.io domains. Freename.io believes their TLDs/domains must allow customers to operate independently. Freename.io wants to build a utility infrastructure, allowing customers to use their services for valuable and generative purposes. By leveraging blockchain technology, Freename Web 3 domains/TLDs have no centralized authority imposing rules and regulations.

What is a Wallet?

Every blockchain user requires a wallet in order to interact with the network. A wallet is essentially an account on the blockchain where transactions can be sent and received. It is also where one can store blockchain assets such as cryptocurrency or NFTs (non-fungible tokens). There is no personal information associated with a wallet and none is required to create one. A wallet consists of a public key and a private key. The public key can be safely shared with anyone who wishes to send assets to the corresponding wallet, however, the private key should not be shared and is the key to accessing the wallet in the event where access is lost or to create another instance.

A crypto wallet (cryptocurrency wallet) is software or hardware that enables users to store and use cryptocurrency. With cryptocurrencies, there isn’t any actual money to carry around in a wallet. They exist on the blockchain. Similarly to traditional bank transfers, crypto wallets enable users to send and receive cryptocurrencies, NFTs, etc.

A wallet consists of a public key and a private key. To receive assets, you share your public key associated with your wallet. You should NEVER share your private key.

How do i Claim my Earnings from Freename

ou can withdraw revenues generated passively through a cryptocurrency transfer. Connect your cryptocurrency wallet and, once your withdrawal request is confirmed, the desired amount is pulled from Freename’s reserves and conveniently delivered to you!

Claim your earnings by following these steps:

  1. Connect your cryptocurrency wallet to Freename.io
  2. Request a withdrawal
  3. Receive request confirmation
  4. Receive withdrawal directly to your wallet.

Can i Transfer Domains?

Yes. The domain is stored in your cryptocurrency wallet and can be transferred by you after you have minted it. Access your portfolio, select the TLD or Domain you wish to transfer and type the recipient’s address. Afterwards, you must paste the OTP code you received by mail to confirm the transaction. Keep in mind that currently, it is not possible to import the domain that has been transferred, but it will be possible soon!

Yes. Domains are transferable ONLY after a TLD/domain has been minted and stored in a user’s wallet.

To transfer the TLD (or domain), the user must:

  • Access their wallet
  • Select the item they want to transfer
  • Enter the recipient’s address.
  • Confirm the transaction by pasting the OTP received by email

In the future, Freename.io will support importing domains that have been transferred.

What about Trademarks?

Registering a trademark on your Freename Web3 TLD will allow you to protect your web3 TLD and your logo worldwide juridically.

From the moment you deposit a trademark request, your web3 TLD will be protected worldwide for 6 months awaiting for the Swiss Federal Institute of Intellectual Property (IGE.ch) to confirm and register the availability of your TLD.****

A trademark is any symbol, phrase, or word that allows customers to identify a company’s goods or services. Freename is a web3 domain/TLD provider that also provides trademark registration.

A user must reach out to the trademark department to register a trademark. To get your trademark filed for review at the Swiss Federal Institute of Intellectual Property, a user must provide the following:

  1. Complete a Know your customer (KYC)
  2. A list of TLDs they wish to trademark
  3. Proof of payment

Once these conditions are met, it takes one week for the trademark to be reviewed and logo/TLDs to be provided with six months of worldwide protection.

Is Minting the same as Buying?

Purchasing a TLD (or domain) on Freename and minting it on the blockchain are two distinct steps. When you purchase a TLD (or domain), the transaction is recorded in Freename’s database and not on the blockchain. Minting a TLD (or domain) on the blockchain requires a second step: log into the user’s personal area, select the TLD (or domain) and press “mint TLD” (or domain): done! Don’t worry, once you have purchased a Freename domain, no one can take it away from you!

No. Buying and Minting a TLD/domain are two different things.**

Buying **is the process of recording a transaction on Freename’s database and not on the blockchain.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full control over the TLD/domain.

It is very easy to mint a domain/TLD once you purchase it. Simply:

  • Log into your personal area
  • Select the TLD (or domain)
  • Press “mint TLD” (or domain)

What is Domain Minting?

Minting is the process of publishing a Freename domain (or TLD) on the blockchain via your wallet to gain full custody of the domain. This means that the only person that has control over the domain (or TLD) is the person who controls (has access to) the wallet.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full ownership over the domain.

Minting on Freename.io is as simple as the following steps:

  1. Go to the Freename.io website
  2. Enter the TLD/domain you want to buy in the search bar
  3. Add the TLD/domain to your cart
  4. Go to checkout
  5. Create a Freename.io account
  6. Purchase the TLD/domain with cryptocurrency or a credit card
  7. Go to “portfolio and incomes.”
  8. Click on mint TLD/domain

Which domains are Protected?

Protected domains and TLDs are domains and TLDs that we’ve detected are associated with a brand, organization, or notable person. We believe it is important to increase adoption for the next generation of the internet by helping to onboard brands into the Web3 era. If you are interested in applying for a Protected domain, please contact us.

TLDs/Domains associated with a notable person, brand or organization are considered Protected Domains. Protected domains help onboard brands in Web 3 increasing adoption. Protected domains also protect users from others impersonating/stealing their domains.

Reach out to Freename.io to apply for a protected domain.

Why use Freename?

Freename domains are unique by their very nature: only with Freename you can register domains with unique TLDs for your digital identity while passively earning money!

Freename.io is not only the leading TLD and Domains platform in Web 3, but also lets users generate passive income!

Owning a Freename Web 3 TLD entitles users to receive passive income whenever a domain is bought on their TLD. Users can register and mint TLD/domains of their choice if available.

What is a Domain?

A domain name is a string of letters and/or numbers that points to the IP address of the corresponding website. Generally, it is easier to remember a name than a long string of numbers.

A domain name is an address that people type into a browser bar to find a website. It consists of a Top-Level Domain (TLD), everything that comes after the dot, and the Second-Level Domain (SLD), everything that comes before the dot.

For example, “Freename.io” is the domain name, “Freename” is the SLD and “io” is the TLD.

Which Chains are Supported?

Freename has a multi-chain approach. You can choose on which Blockchain to mint your Web3 Domains and TLDs ranging Among Polygon, Cronos, and Binance.

A user can mint a Freename.io domain/TLD on the following blockchains:

  • Polygon
  • Cronos
  • Binance

Freename plans to expand its multi-chain approach by adding blockchains upon which domains can be minted.

Are there Renewal Fees?

No! Once you’ve bought a Freename Domain or TLD, it’s yours forever, no renewal fees ever!

No. There are no renewal fees on Freename.io. Once a user has paid a one-time payment for a domain/TLD, they own it. Forever.

This is the significant advantage of Web 3 domain/TLD over traditional alternatives.

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