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Shashi Meghawarna is the CEO of EXIP, a blockchain-based domain name and TLD platform.
He discusses the EXIP ecosystem, which utilizes NFT-based domains on an agnostic blockchain infrastructure with governance and staking reward mechanisms.
1Interview
2021First on the show
Jul 2021Latest appearance
14 minOn camera
13:40
Latest interview · Jul 12, 2021Shashi Meghawarna on EXIP's blockchain based domain namesWatch the episode →
Key points
- EXIP addresses the problem that users don't actually own their domains but rent them from registrars who can revoke access at any time.
- The platform uses blockchain-agnostic NFT-based domains that can be minted on multiple blockchains including Ethereum, Stellar, and Binance Chain.
- EXIP tokens provide governance power allowing the community to vote on removing domains or TLDs, rather than centralized parties making decisions.
- Token holders receive staking rewards of 2.1% from each domain and TLD purchase, and can receive discounts when purchasing domains.
- EXIP is building a community-run DNS system where nodes operated by users process transactions, similar to how Bitcoin miners maintain the network.
In their own words
“When you get a domain from a registrar, you don't own it; you're renting it.”
“EXIP is built by the community, for the community, so we want the community to decide most things.”
