TokenPay Derek Capo Goes In-Depth On The Digital Asset Acquisition
In this interview, TokenPay CEO Derek Capo goes in-depth on the digital asset acquisition. If you enjoy it, remember to check out our cryptocurrency wallets and decentralized exchange over at TokenPay.com.
So I want to add something here, because I’ve gotten some questions about this. Whole process just going down and people sometimes understand about the long term investing and also like what we’re trying to do long term. In regards to the product and how we can look at the product. What we’ve seen in the past is, some of the legacy companies, advertising companies, be very hesitant to sell or allow anything crypto related to be put on any advertising platform!
So some of these domains that we purchased, actually are to create an advertising network. We can actually promote TokenPay and all of this will TokenPay ecosystem projects. So there’s a website that we can create. A very very good domain name, that could be exactly the kind of the type of website that we could attract a lot of people. Instead of paying you know Facebook, Google, Yahoo or whatever millions of dollars in advertising! We can build that website very cheaply with traffic content marketing. We can have a banner ad that would be downloaded TokenPay wallet now, right!
So keep in mind that, building a media in a platform would allow us to be able to reduce our cost significantly and adding users to our application. So sometimes it costs between thirty five cents to a dollar to add somebody to an application. But if you’re able to build an advertising platform network, you’re able to get a painting with all. So this is something that’s going to actually make a lot of sense long term. A lot of some of these domains are actually going to be used for these decentralized exchanges, that are going to be out there.
Then some of these domain names we like, because they’re very liquid. We can sum for higher prices that we acquire them for. We are going to ask for TPAY. So we’re not going to ask for fiat off of these domain names. That would be stupid, right. We are creating a market of being able to ask for these domains. So we’re gonna be launching tokendomains.com sometime at the end of October.
If anybody would like to purchase any of these domain names businesses worldwide or individual, users will be able to do so through our website. They weill required to purchase TPAY in order to acquire these assets. So what that does is, it creates demand for TPAY. It also creates a market that’s never been done before in the industry! There will be times where we will be able to acquire different portfolios. If it makes sense for us to acquire them and we will do whatever we think is right for the long term aspect of the business.