Shashi Meghawarna on EXIP's blockchain based domain names

0:23exit and putting domains into the blockchain bringing back ownership to the domain owners to not be slaves to these these domain registrars which are holding control of our domains so i would love for you to just kick it off with just a high level overview of xip and some of the real world problems that your team is solving with these domains yeah i should say with the current

0:51internet so it is not free as it seems right so actually so when you're obtaining domains for our day-to-day businesses or whatever the aspects so actually we don't own our domains and even we can't create our own pld's because it will be a consuming lot of money to have you on ple right and it will consume you a lot of time even and everybody can't do that so we are

1:17addressing such a global threat in a way and what is happening for the moment is when you are getting a domain from one of whatever the domain registers so actually what is happening is you are renting it out from the current domain registers and they have the power to do organizations like i can ana so who sees or revoke your domain at any

1:39given time right so we are addressing that particular global threat right so we are since that we are moving into a cyber arena so cyber wars are almost there and it will be we believe as community we believe this cyber wars will happen in the future other than physical laws right so just assume if any country level domain has been removed from internet overnight the country that

2:06particular country continuous phase huge financial crisis because there are aviation systems stock exchanges banking systems none of these things will work right so we are addressing that real world scenario from mexico definitely and i could see how you know just as applications in the app store if they have something on there that the app store doesn't like they

2:31can just remove that app same thing the domain registrars can just remove your domain or as you said if they remove the whole top level domain of a country if there's a you know a cyber warfare then that could have huge implications beyond you know just having a website and now being taken down by some other parties that's crazy so i was looking into the

2:57platform and part of it is the un seizable domains and top level domains can you talk about the agnostic part of the domains what makes them you know is agnostic nfts are they blockchain based and

3:24why did you choose that function yeah actually there are a lot of new blockchains are coming to the market and people believe in interest like polkadot and solana recently so that one of the projects that we have seen has a great potential and people may would like to change from one to another and they are having developing such things like when it comes to the

3:51transfer fees gas fees and likewise and the security device and so we don't want to depend on one and we would like people to have the power of getting their nft minted within our system which will identify their domain to any blockchain that they would like to have like for the moment we have ethereum stellar and binance chain this thing nifties where they can get it done but

4:19in the future when community wants to have one more block change to have their nfps minted in different different blockchains which identifies their domain or tld so that's what we have get taken into the consideration and we have that option for the user so because except is buying community for community right so we would like to community to decide most of the things in our system

4:43definitely and that's great to hear that it is blockchain agnostic i think that's going to be very important as all of the blockchain ecosystems need to work together for exit and i'm curious as well shashi what is except stand for something specifically yeah actually it stands for extreme internet protocol because this ecosystem is going to do a huge change

5:07to the world so that's why we mentioned it as extreme internet protocol okay that's great and when you talk about unseasonable domains and top level domains what in the case of having adult content websites or websites that are hosting illegal content and those websites are technically unseasable how does that work if those websites were purchased through

5:34exit how can those be governed or taken down yeah of course so at the very beginning of this project we have taken this into our consideration so because on local accent so those kind of things that we would as a community nobody would like right so that's why we have given this governance facility where you can vote for to remove

6:02Whatever the tnt or a domain if the because exit tokens have the governing power where the people can vote if you have access tokens and remove it from the existence so none of these central parties are not quite controlling right so actually the community has this power not us oh okay that's interesting to know and i was going to ask you about the

6:24except tokens so i see that one of the functionalities is the governance of the protocol and being able to vote on whether the domains can be taken down or not can you talk about the other functionalities and is except required to purchase those domains and how else is the accept token used within the system yeah even xc tokens that we have created

6:48the agnostic model and the use case of the exit tokens is you will get discounts when you are purchasing clds and domains to exit targets right that is one thing and when you are hold on to the accept tokens you are getting staking when the domains and clients get purchased like 2.1 million total supply of tokens it gets takes 21 of each and every tld or a domain get purchased

7:14right so and that is one thing so the other thing is initially we are launching in finance but in the future we are introducing a 2.1 million but tokens of ethereum based exit tokens and what you call seller base exit tokens but this all the tokens will be held on a cold war now let's say people doesn't like to

7:41have finance changes it accept tokens what they can do is they can send their binance chain base exchange tokens to a pool wallet and block it there and they can take out whether stellar base tokens or ethereum basic tokens as their wish right so but any given time only 2.1 million tokens will be out there on the circulating which have the similar

8:06value so and even in the future if the community wants us to have but there will be multiple chains based tokens out there okay that's really interesting to know and so

8:33from what i heard if you're purchasing domains if you're staking stakers don't necessarily have to purchase domains you can also you know is there an incentive for just everyday traders and users to stake exit to help grow the ecosystem or to receive rewards from the ecosystem the ecosystem of xccs consists with blockchain based dna system right

9:02so this dna system is run on the nodes actually the community runs the dns system right so anybody can download the not software package from the exchange by october onwards and when people are purchasing and purchasing domains and ntlds these nodes will get state to exit tokens right so that's why we are saying saying that this is a community

9:29based project the internet that we are creating is running by the runs by the community right so by doing that nobody will be able to shut down right so how the bitcoin network runs and because of the miners so the same technology that we using in a similar way with different technologies here and we have a browser and the browser extension where

9:50because the current browsers won't support the whatever the dld's issuing by us right so but maybe people doesn't like to move out of the master use browsers like firefox google chrome like that so easily what they can do is they can have a browser extension installed there so they can browse our domains and tlds even right so browser actually we are creating as a

10:17backup plan so in any case because we have already approved by our process extension we are launching it before 20th of next month so it is already approved so in any case that if we have sort of a scenario that our extension get rejected or something like that browser will be there for people to get used to when the massive adaption starts oh that's great to hear

10:38That it's coming out soon and also on the exit token itself is that already out or what's the current status of the accept token yeah actually we have to download resale so that's where our developments and everything that's well we got funded throughout resale right so for the moment on 20th of this month we are launching our token io on la token launch pad and

11:05there are top tiered exchanges already have approved us and as soon as the same day i before the io we will be announcing what other next exchanges that we are going to stand up in okay great to know and in terms of the feedback so our domain resolution system we have launched in march 14th of march on this year so that is

11:34there and even so we are working have a very good team and we are looking at some partnerships also currently with some people that's great to know and you mentioned a couple of the updates you know this one here the browser coming out what are the main functionalities in the future plan for you know the rest of this year and sending out the

12:01the majority of the platform you know what are those major milestones yeah so our first version of entire ecosystem will be launched before october right so we have planned it and we are actually we are ahead of our roadmap for the moment and even the future that we are planning is actually doing the real independence of the internet to the users

12:25without depending on any central parties by decentralized and all the elements of the entire project and becoming a billion dollar company in another five years and the compensation of this everything should close to the community that is our real vision wow well it's great to hear sashi for the viewers that are looking to follow along with these updates with

12:49exit and learn more about the platform staking token and more what's the best way for them to learn more yeah actually they can subscribe to our media channels and usually we are doing press releases and updates to our telegram twitter facebook and everything our media already everywhere and even people can visit our website where the white paper is

13:13there and they can they can check everything on our website and if you like sounds great shashi i will leave the links in the description box below all the best with except moving forward and let's follow up in the near future thank you