Domain Platform Cloudname’s $CNAME Lists on MEXC Global Exchange
Cloudname‘s native token, $CNAME, is going to be listed on the leading cryptocurrency platform on MEXC Global this week.
Established during the bear market of 2018, MEXC Global is a digital asset trading platform with more than 7 million users, which offers spot, margin, leveraged, and derivatives trading as well as staking services.
The deposit and trading of the CNAME Token will open at 12:00 (UTC) on February 24th, 2022.
What is $CNAME?
CNAME is the utility token of the Cloudname platform, whose 1% of the total supply, 3.8 million.
CNAME offers its holders various benefits such as free registration, free sale promotion, fee discount, and access to the use of predictive algorithms as well as to scale account levels.
Now, this token is being listed on MEXC Global, which has been working closely with Cloudname for some time now and will allow the platform to reach millions of its users and make domain investing more decentralized.
This MEXC listing comes right on the heels of CNAME’s listing on one of the most popular decentralized crypto exchanges (DEX), PancakeSwap, on Tuesday. In the past 24 hours, the DEX recorded over $473 million in trading volume, according to the data from CoinGecko.
PancakeSwap is the 2nd largest DEX, based on daily trading volume, just one step below Uniswap. But PancakeSwap leads with nearly 20.8 million visits and offers its users more than 4,000 coins and 5,470 trading pairs to trade.
Before this month is over, CNAME will also be listed on the centralized crypto exchange (CEX) Gate.io, which is among the top 5 exchanges with a 24-hour volume of $2.6 billion.
Attracting the masses
Cloudname, which counts Ceras Ventures, YBB Foundation, FollowTheSeed, and DCI Group among its early partners, enables users to not only tokenize their domains as NFTs but also offers a vibrant marketplace, advanced analytics, and more.
The platform is described as “a contemporary blend of innovation, digitization, and investment that will bring untapped opportunities to the masses interested in exploring the world of domain trading,” by its CEO Davide Vicini.
Through its intuitive and interactive marketplace, Cloudname allows its users to directly interact with each other and buy, sell, auction, or rent their domains. It means users can earn passive income on their domain name by renting, staking, or financing them, as well as via ad revenues.
Cloudname further allows its users to create their portfolio of domains for which the platform helps in categorizing the portfolio in terms of their types, budget, and earning potential. Additionally, value-enhancement services such as free access to relevant data and statistics are provided by the platform.
A much-needed solution
Domains are part of our everyday lives, and domain investing is one of the internet’s highest-yielding industries but a low-liquidity venture, which has a long waiting time for investors.
Cloudname is aiming to solve these challenges by not only tokenizing but also fractionalizing these domains by leveraging the power of non-fungible tokens (NFT), which have gained immense popularity. It is also furthering the NFT use cases beyond just collectibles, music, gaming, consumer & luxury goods, and real estate.
While NFTs will help Cloudname reach the mainstream audience, the listing on MEXC and many other cryptocurrency exchanges will help Cloudname expand its services by reaching out to a broad crypto market.
