Fusu have announced they have sold their first domain name listed on their Exchange. The domain name, KPY.com was listed on Exchange during the public Beta cycle with a value of US$5,000 and found 14 investors buying 45% of the domain. In the trading, the market value of the domain rose to $5,800.
KPY.com was listed on their Exchange during the public Beta cycle with a value of $5,000 and found 14 investors buying 45% of the domain. In the trading, the market value of the domain rose to $5,800.
Then the premium three letter name attracted the interest of a US domain investor, who made an offer to buy the domain for a nearly five-figure sum.
Now this is where it gets confusing for me. Fusu then say since the offer for the purchase of the domain was over 150% of the market value, the shareholders of the name did not need to agree to the purchase when the domain owner accepted the offer. They got paid out their respective shares, and in all cases made good profit.
Fusu explain how their Exchange works with the following example: a Fusu user from Ireland, who bought 100 shares at $1.15 per share, and 49 shares at $1.17 per share in February, for a total of $172.33. When KPY.com was sold, he made a profit of $95.87 – a return of over 55% in two months.
Other users who managed to buy shares at the initial share price of $1.00 achieved a return of 80% on their investment.
For the first time in the domain industry, Fusu allows investors to participate in the success of premium domains, without having to commit the capital to buy them in whole. Indeed, KPY.com is a great example of the fractional ownership model introduced by Fusu: Nine of the 14 shareholders owned less than 150 shares.
Anyway, if you want to know more about Fusu, go to www.fusu.com.