Mind’s an abyss : Sedo offer wants to pay in ICO tokens for domain

Cryptocurrencies are all the rage currently, and new ones are popping with initial coin offering (ICO) rollouts.

What that means is, that people are printing their own digital money – or “tokens” as they are described, for legal reasons.

Once on the exchange, those new cryptocurrencies begin their dubious appreciation game, and they can be exchanged for real money.

Still, making an offer via the Sedo interface, where the option is presented in USD but the message refers to “tokens” can be quite problematic.

A team of “Game Portal” developers made an offer of $77,777 dollars for the domain Abyss.com – but specified that’s not “in money.”

“I have a great idea for you. May be you have heard about blockchain. We are making ICO in Autumn of Game Portal and we can make a deal not in money but in tokens of our project equal to the amount of money you will be interested.”

The message is in broken English, and the owner of the premium, aged domain Abyss.com is definitely not interested in such a silly deal.

Most likely the offer arrived from the owners of Portal2Abyss.com.

On the other hand, Sedo should tighten the regulations for such offers, making it clear they are binding and in the currency selected – in this case, US dollars.

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6 Responses to “Mind’s an abyss : Sedo offer wants to pay in ICO tokens for domain”
  1. Francois says:

    Funny, I got a similar offer recently, but there was some money down also.

  2. Jeff Manes says:

    I can top that offer with 3,209 My Coke Reward points.

  3. Steve says:

    Could be the pizza for 20,000 bitcoin deal. just saying.

  4. Steve says:

    Depending on who the developers were he may have been crazy to not take it. Time will tell.

  5. DomainGang says:

    Steve – Too many pseudo crypto “coins.” If it were BTC, that’d be different. Not all coins are equal and most are junk. I prefer good old “fiat” money, hint hint.

  6. Dn Ebook says:

    I normally only accept first edition superman comics

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