Review on DomRaider by Fanuel PORPORTY
What is the DomRaider (DRT)?
DomRaider is a French company created in 2013 by Tristan Colombet, the founder of Prizee (one of the greatest successes of the beginnings of the French web). Initially specialized in the sale of expired domain names (dropcatching), the company decided to take a technological turn and to launch out in blockchain during the year 2017. Thanks to their experience in the field of auctions, DomRaider wishes develop its decentralized auction service. Blockchain technology offers various advantages in terms of security and audit (transparency), which can bring value to the auction sector.
The DomRaider group thus includes three components: YouDot: (formerly DomRaider, historic dropcatching activity), Auctionity (auction platform via blockchain), Token DRT (created during the ICO, it is necessary to use Auctionity)
The Auctionity platform operates on the Ethereum network and auction, purchase and resale actions are scheduled on smart contracts. The platform will therefore operate like a traditional auction site but on a decentralized network. The platform will also be accessible worldwide from a generic interface.
Pros
- CEO who is not at his first try
- Company and experienced team
- Significant and successful fundraising
- Strong growth desire, a team that gives itself the means to achieve its ambitions
- Prospects for promising partnerships (with NaviAddress in particular)
Cons
- A company whose core business was historically different, which can lead to confusion
- Dependent on the Ethereum network
