MIDDLETOWN, Delaware, May 25, 2021 (GLOBE NEWSWIRE) – ZEXPRWIRE, the Internet is possibly the largest human-made structure to date, and we can divide the era of modern technology into two distinct periods: “before the Internet and after the Internet. “
This is how disruptive and important the World Wide Web has become. The Internet boom has transformed the way we transact, communicate, share information, promote business, entertain, study, and more. But the Internet was never designed for such a critical global role.
Organizations like ICANN and IANA control Internet name servers, and big tech companies censor the Internet.
These organizations have the power to seize, revoke, dismiss and permanently erase any area of existence. And big tech companies think they know better what we should and shouldn’t see and read due to the centralized nature of their platforms.
Besides the countries that are trying to solve this problem, there are some business projects that are trying to solve it. But the current solutions are piecemeal rather than a full-fledged solution. Several projects are trying to solve domain issues and focus on blockchain-based domain names. Yet, they do not investigate or attempt to resolve the actual use case for these domains and how the domains will be verified or used in the future.
Almost all of these projects delivering domains claim to be decentralized. However, depending on their architecture, they are centralized. If the centralized entity ceases to exist, so do all domains. A fully decentralized domain name creation, issuance and verification system / project with a decentralized browser and DNS resolver does not currently exist.
EXIP is designed to decentralize the Internet and overcome monopoly control over domain names and top level domains. A Blockchain DNS solution where an agnostic NFT you prefer identifies your domain and your top level domain. EXIP DNS is blockchain-based, and the owner of the respective domain and top-level domain has complete control over its use, even the provision of new domain names and subdomains.
The EXIP ecosystem is tailor-made to meet the needs of any individual, private or government institution. The EXIP token is a released agnostic use and governance token initially based on the Binance chain. 2.1 million EXIP tokens will be minted on Binance Smart Chain (BSC) and listed on the exchanges. Simultaneously, 2.1 million EXIP tokens will be minted on the Ethereum and Stellar blockchains.
These additional minted tokens will be locked in the pool wallet when EXIP token sales cross 1.1 + M (
EXIP tokens will be used to buy, sell, and auction domains and top-level domains, while token holders will come into play when domains and TLDs are bought and auctioned.
The browser and the EXIP extension will allow users to access blockchain-based DNS technologies where everything progresses with a zero knowledge policy. Users will need to install the EXIP browser or install the EXIP browser extension over the existing browser and access decentralized domains. In addition, there will be a bridge to support traditional domains.
EXIP project designed by multinational teams and expert partners in blockchain technology, cybersecurity and the Fintech industry in general. The team is led by Shashi, founder and CEO of Mobiglotech blockchain Corp & Sharmilan, CEO of Niftron (blockchain as a service) which won the best newcomer SAARC startup global awards, serves in the project as partners. The project’s token sale cap is $ 30M, and IEO will launch on June 11, 2021 in multiple exchanges.
Contact Name: Sahan
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6159cf83-6d0e-4814-8bde-6f8eea7f7cd2