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How does Minting work?

How to mint on Freename

How to mint on Freename

The Non-fungible-token (NFTs) craze has been around for a while. Everyone seems to be minting NFTs left and right. Ever heard of Bored Ape or CryptoPunks? NFTs are gaining popularity and traction all around. This has led to us understanding the full potential of the use cases behind them.

Use cases for NFTs are constantly being explored. One of the key differences between NFTs and cryptocurrencies is their value. A cryptocurrency’s value is purely economic. NFTs, on the other hand, have both economic and non-economic values. NFTs have always been around if you think about it. When you play a video game and unlock a new character outfit or an exclusive plot, it’s an NFT. The non-economic value here would be the type of outfit the character has. The economic value would be the secondary market for these characters. These games tend to have economies where people would exchange real money for these characters (or NFTs). Why not bring this concept to other industries?

Some other use cases of NFTs are:

Music. Artists can tokenize their songs and earn royalties by selling their NFTs. Don’t want the song anymore? Sell it to someone else (secondary market). The artist will still earn their royalty on that sale.

Art. Imagine if Leonardo Da Vinci had tokenized his art using NFTs. His family would still be earning royalties every time his art re-sold.

To achieve any of this, one would have to ‘mint’ the NFT. Minting means converting any digital data and rules into a crypto asset that can be recorded on the blockchain. Freename.io lets you mint your own domains and TLDs to grow your Web 3 identity.

So, why is Freename.io offering NFTs?

The Web domain industry has proven to be a strong use case for NFTs. Buying a Second Level Domain (SLD; everything that comes before the dot) and a Top-Level Domain (TLD; everything that comes after the dot) is monopolized in Web 2. The end user cannot earn by holding these domains. However, Web 3 firms are changing the dogma.

This is where Freename.io helps empower users with NFTs.They resolve the issue of the 42-character string that makes up your crypto wallet. Imagine if your business could accept payments on “Business.2themoon” instead of “0xDC25EF3F5B8A177998338A2ADA83795FBA2D695E”.

Freename.io also leverages NFTs to help you build passive income streams with royalties. This was not possible in Web 2.

What is the difference between Minting and Buying a TLD?

Minting and Buying a TLD (or domain) are two different things.

Buying is the process of recording a transaction on Freename’s database and not on the blockchain.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet.

Freename.io allows users to mint TDL/Domains across multiple chains (multichain approach) such as Polygon, Cronos, and Finance, with other blockchains to be added soon. Once a TLD (or domain) is minted, a user will have full custody over the TLD (or domain). Use cases of this include simplifying crypto payments, hosting a decentralized website, and having rights to royalties. The TLD (or domain) stored in a user’s cryptocurrency wallet can be transferred only after they have been minted. To transfer the TLD (or domain), the user must:

  • access their wallet
  • select the item they want to transfer
  • enter the recipient’s address.

This transaction needs to be confirmed by pasting the OTP received by email. Freename.io will support importing domains that have been transferred in the future.

Choosing your Domain

TLDs (or SLDs) can only be minted once. You must choose their domain carefully because it cannot be changed. Choosing a domain name should depend on the reason a user is buying a domain.

If you are TLD investing or domain flipping, you should consider what domain you believe will be in high demand later. On Freename.io for example, you may purchase a TLD for $50 and earn royalties whenever someone registers a domain on your TLD. However, if no one wants to register a domain, then it won’t be a profitable investment. The same applies to domains where you won’t be able to resell a domain that nobody wants to buy.

If you are aiming to create a Web3 identity or brand yourself. Then you should consider choosing a name that people can easily read and write. Your name should communicate your brand or style effectively.

Minting your Domain on Freename.io

Minting on Freename.io is as simple as the following steps:

  1. As soon as you open up the Freename.io website, a search option will appear. Enter the TLD (or domain) that you wish to buy.
  2. If the TLD (or domain) is available add it to the cart. If the TLD (or domain) is protected it means it has been associated with a brand, organization, or notable person.
  3. Once it has been added to the cart, click on go to checkout.
  4. You will be required to create a Freename.io account, after which you can purchase the TLD (or domain) with a cryptocurrency or credit card.
  5. Once purchased go to the “portfolio and incomes”, where will have the option to mint a single TLD (or domain) or in bulk.

Minting may seem confusing at the start, but it is easy to do. Minting your own Web 3 TLD will help build your identity in this rapidly expanding industry. Freename trademarks further empower users by juridically protecting their Web 3 TLDs and Logo, worldwide.

Learn more here.

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How does it work?

Accordingly to the day when you will finalise your purchase, you have the right to receive from 1 to 3 NFT Domains for FREE!

Once you have completed your order, within 48h you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain/s.

You can chose on which blockchain you want to mint on and minting fee is covered by Freename!

HOW TO USE COUPONS:

Once you have added your favorite items to the cart, you proceed to “checkout” and add your coupon to the “coupon box”.

Said coupon will instantly do its magic and your due total will drop!

COUPON CODE CAN ONLY BE USED ONCE!
ENJOY YOUR SHOPPING AND GIFTS!

How does it work?

Once you have completed your order, you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain value $50 or if you’re lucky a randomly assigned TLD with value $699 (between these: .immersive; .multiverse; .freelancer; .cashback; .hologram)

you can chose on which blockchain you want to mint your NFT Domain/TLD on and minting fee is covered by Freename!

GOOD LUCK!

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Why do i Need a Wallet?

Freename domains are blockchain-based assets and would be minted and stored using a wallet. Users are required to mint and manage their domains using a Metamask or Coinbase-configured wallet. It must be a non-custodial wallet, meaning that one must own the private keys to the wallet in order to approve transactions via a signature.

To benefit from Freename Web 3 domains/TLDs, you must have a wallet. This is because Web 3 domains/TLDs are blockchain-based assets. Users can mint and manage their domains using Metamask or Coinbase-configured wallets.

Keep in mind that it must be a non-custodial wallet. You own the private keys to the wallet (in order to approve transactions via a signature).

Are the Domains Associated with ICANN?

ICANN does not manage freename.io domains. Freename.io believes their TLDs/domains must allow customers to operate independently. Freename.io wants to build a utility infrastructure, allowing customers to use their services for valuable and generative purposes. By leveraging blockchain technology, Freename Web 3 domains/TLDs have no centralized authority imposing rules and regulations.

What is a Wallet?

Every blockchain user requires a wallet in order to interact with the network. A wallet is essentially an account on the blockchain where transactions can be sent and received. It is also where one can store blockchain assets such as cryptocurrency or NFTs (non-fungible tokens). There is no personal information associated with a wallet and none is required to create one. A wallet consists of a public key and a private key. The public key can be safely shared with anyone who wishes to send assets to the corresponding wallet, however, the private key should not be shared and is the key to accessing the wallet in the event where access is lost or to create another instance.

A crypto wallet (cryptocurrency wallet) is software or hardware that enables users to store and use cryptocurrency. With cryptocurrencies, there isn’t any actual money to carry around in a wallet. They exist on the blockchain. Similarly to traditional bank transfers, crypto wallets enable users to send and receive cryptocurrencies, NFTs, etc.

A wallet consists of a public key and a private key. To receive assets, you share your public key associated with your wallet. You should NEVER share your private key.

How do i Claim my Earnings from Freename

ou can withdraw revenues generated passively through a cryptocurrency transfer. Connect your cryptocurrency wallet and, once your withdrawal request is confirmed, the desired amount is pulled from Freename’s reserves and conveniently delivered to you!

Claim your earnings by following these steps:

  1. Connect your cryptocurrency wallet to Freename.io
  2. Request a withdrawal
  3. Receive request confirmation
  4. Receive withdrawal directly to your wallet.

Can i Transfer Domains?

Yes. The domain is stored in your cryptocurrency wallet and can be transferred by you after you have minted it. Access your portfolio, select the TLD or Domain you wish to transfer and type the recipient’s address. Afterwards, you must paste the OTP code you received by mail to confirm the transaction. Keep in mind that currently, it is not possible to import the domain that has been transferred, but it will be possible soon!

Yes. Domains are transferable ONLY after a TLD/domain has been minted and stored in a user’s wallet.

To transfer the TLD (or domain), the user must:

  • Access their wallet
  • Select the item they want to transfer
  • Enter the recipient’s address.
  • Confirm the transaction by pasting the OTP received by email

In the future, Freename.io will support importing domains that have been transferred.

What about Trademarks?

Registering a trademark on your Freename Web3 TLD will allow you to protect your web3 TLD and your logo worldwide juridically.

From the moment you deposit a trademark request, your web3 TLD will be protected worldwide for 6 months awaiting for the Swiss Federal Institute of Intellectual Property (IGE.ch) to confirm and register the availability of your TLD.****

A trademark is any symbol, phrase, or word that allows customers to identify a company’s goods or services. Freename is a web3 domain/TLD provider that also provides trademark registration.

A user must reach out to the trademark department to register a trademark. To get your trademark filed for review at the Swiss Federal Institute of Intellectual Property, a user must provide the following:

  1. Complete a Know your customer (KYC)
  2. A list of TLDs they wish to trademark
  3. Proof of payment

Once these conditions are met, it takes one week for the trademark to be reviewed and logo/TLDs to be provided with six months of worldwide protection.

Is Minting the same as Buying?

Purchasing a TLD (or domain) on Freename and minting it on the blockchain are two distinct steps. When you purchase a TLD (or domain), the transaction is recorded in Freename’s database and not on the blockchain. Minting a TLD (or domain) on the blockchain requires a second step: log into the user’s personal area, select the TLD (or domain) and press “mint TLD” (or domain): done! Don’t worry, once you have purchased a Freename domain, no one can take it away from you!

No. Buying and Minting a TLD/domain are two different things.**

Buying **is the process of recording a transaction on Freename’s database and not on the blockchain.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full control over the TLD/domain.

It is very easy to mint a domain/TLD once you purchase it. Simply:

  • Log into your personal area
  • Select the TLD (or domain)
  • Press “mint TLD” (or domain)

What is Domain Minting?

Minting is the process of publishing a Freename domain (or TLD) on the blockchain via your wallet to gain full custody of the domain. This means that the only person that has control over the domain (or TLD) is the person who controls (has access to) the wallet.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full ownership over the domain.

Minting on Freename.io is as simple as the following steps:

  1. Go to the Freename.io website
  2. Enter the TLD/domain you want to buy in the search bar
  3. Add the TLD/domain to your cart
  4. Go to checkout
  5. Create a Freename.io account
  6. Purchase the TLD/domain with cryptocurrency or a credit card
  7. Go to “portfolio and incomes.”
  8. Click on mint TLD/domain

Which domains are Protected?

Protected domains and TLDs are domains and TLDs that we’ve detected are associated with a brand, organization, or notable person. We believe it is important to increase adoption for the next generation of the internet by helping to onboard brands into the Web3 era. If you are interested in applying for a Protected domain, please contact us.

TLDs/Domains associated with a notable person, brand or organization are considered Protected Domains. Protected domains help onboard brands in Web 3 increasing adoption. Protected domains also protect users from others impersonating/stealing their domains.

Reach out to Freename.io to apply for a protected domain.

Why use Freename?

Freename domains are unique by their very nature: only with Freename you can register domains with unique TLDs for your digital identity while passively earning money!

Freename.io is not only the leading TLD and Domains platform in Web 3, but also lets users generate passive income!

Owning a Freename Web 3 TLD entitles users to receive passive income whenever a domain is bought on their TLD. Users can register and mint TLD/domains of their choice if available.

What is a Domain?

A domain name is a string of letters and/or numbers that points to the IP address of the corresponding website. Generally, it is easier to remember a name than a long string of numbers.

A domain name is an address that people type into a browser bar to find a website. It consists of a Top-Level Domain (TLD), everything that comes after the dot, and the Second-Level Domain (SLD), everything that comes before the dot.

For example, “Freename.io” is the domain name, “Freename” is the SLD and “io” is the TLD.

Which Chains are Supported?

Freename has a multi-chain approach. You can choose on which Blockchain to mint your Web3 Domains and TLDs ranging Among Polygon, Cronos, and Binance.

A user can mint a Freename.io domain/TLD on the following blockchains:

  • Polygon
  • Cronos
  • Binance

Freename plans to expand its multi-chain approach by adding blockchains upon which domains can be minted.

Are there Renewal Fees?

No! Once you’ve bought a Freename Domain or TLD, it’s yours forever, no renewal fees ever!

No. There are no renewal fees on Freename.io. Once a user has paid a one-time payment for a domain/TLD, they own it. Forever.

This is the significant advantage of Web 3 domain/TLD over traditional alternatives.

Ask Away!