31st January, 2018
DomRaider Group is pleased to present the initial version of their blockchain powered auctions solution under the new brand name of Auctionity. A French tech startup, DomRaider has been working relentlessly to develop an open-source solution that will allow real-time management of auctions, leveraging the extraordinary capabilities of the blockchain technology.
The auctions platform Auctionity promises to be an innovative solution for all worldwide auctioning players, including the live auctioneers, escrow, appraisal experts, delivery services and online auctions providers. This will be the world’s first decentralized network for real-time management of any auction in the world, both online as well as in the auctioning room.
Some of the key attributes of Auctionity’s blockchain solution will be:
- Publicly verifiable auctions that are tamper-proof
- Worldwide auctions accessible through generic interfaces
- Consensus on bids in less than one second
- Very low transaction cost
The release of the first version of Auctionity is a giant leap forward by DomRaider Group towards the success of their ambitious plan of revolutionizing auctions through blockchain technology.
“This MVP was designed to be very easy to set up and to use. It is meant to be a mainstream and user-friendly tool so that anyone wishing to sell an object through auctions, on a website or blog for example, could do so quickly and easily.’ says Etienne Roudeix, the Blockchain Product Manager for Auctionity.
DomRaider Group has recently completed a highly successful ICO campaign where they managed to exceed the target by selling 560 million tokens to contributors around the world. During this phase, the company rolled out the DRT (DomRaider Token), their official medium of transaction that can be exchanged on the HitBTC, Yobit, and EtherDelta platforms. A hugely successful crowdsale allowed DomRaider to accelerate their developmental activities.
Following the formal introduction of Auctionity, the next step for DomRaider will be to implement this solution with the major players in the auction industry or those willing to provide this type of service in the future. With this goal, they have recently partnered with NaviAddress, a well known digital address platform. Another distinguished industry player is expected to partner with DomRaider to support the deployment strategy of Auctionity.
“We have been in contact for several weeks with a potential partner and the first technical tests will be conducted in the near future. Our objective in the next month is to work in this direction and multiply opportunities similar to this one in order to eventually gain the support of national and international players and have them convinced of the added value Auctionity can bring.” says Tristan Colombet, the CEO of DomRaider.
The DomRaider team is extremely confident that the price of their token DRT will experience a surge in the days to come. They are all set to launch a new website token.domraider.com, dedicated to the DRT token with dedicated features for DRT holders, roadmap for DRT, and incentive program for DRT holders.
“To keep our word and to show actual progress on our project is a key reassurance factor for our community,’ explains Damien Henriques, the CMO of DomRaider. “The DRT is already tradable on three exchanges, viz. HitBTC, EtherDelta and Yobit. It will soon be added to several other exchanges.”
To support their ambitious development plan, DomRaider has recently started a major recruitment drive, opening up over forty new positions with a view to double the size of its current team. Following this recruitment, the company is building dedicated teams specializing in technologies that are key to their market, such as blockchain, digital assets and drop catching.
To find out more about Auctionity blockchain based auctions platform, please visit www.auctionity.com
About the DomRaider Group: Initially specialized in selling expired domain names through auctions, DomRaider took a step into the blockchain world when it successfully concluded its ICO in 2017. Now revolving around several activities, the DomRaider group has created four websites to make a clear separation between the different services it offers.
- DomRaider Group (Corporate website of the group): https://corporate.domraider.com
- Auctionity (Blockchain Auction Solution): https://www.auctionity.com
- DRT (Dedicated website to DomRaider Token & DRT Holders): https://token.domraider.com
- Youdot (Drop catching solution for expired domain name): https://www.youdot.io
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