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Global Domain Industry heralds arrival of Perpetual Domain Registrations

An important milestone on the road to Digital Sovereignty

Seattle, WA and Barcelona — [October 24, 2018] — During the 63rd convocation of global domain industry regulator, ICANN in Barcelona, perpetual domain ownership achieved an important milestone as Seattle-based Epik.com became the first domain name registrar to offer perpetual domain registrations for hundreds of popular domain extensions. Since the advent of private ownership of internet domain names, owners of domains have become accustomed to annual domain name renewal along with regular price increases for ownership of domains. From time to time, over the years, important domain names have unintentionally fallen into the wrong hands or have become temporarily disabled due to expiration or policy enforcement.

Although perpetual registrations are not yet available for every domain extension, a growing number of popular domain extensions can now be secured perpetually for a one-time fee. For example, the iconic .COM can be secured at Epik.com for the one-time, all-inclusive fee of $420 regardless of where a domain is presently registered. Eligible forever registrations at Epik include free privacy protection, theft protection, forwarding services and unlimited subdomains all at no additional cost.Epik.com Founder and CEO, Rob Monster, a digital rights advocate, is a member of the ICANN global registrar stakeholder group that convened in Barcelona this week. In an interview on the opening day of the ICANN conference, Mr. Monster explained the move, “This is an important development for the domain industry. Customers have been asking for perpetual domain registrations for years. Epik is working with industry stakeholders to make forever registrations not only available but also affordable and eventually commonplace for registrants around the world.”

Peace of Mind in the Digital Age. Forever.

Forever domain registrations provide individuals and businesses with peace of mind.  Once a Forever registration is secured, the future risk of domain loss due to administrative oversight or lack of funds is eliminated. While domain owners are still subject to legal use, domains can now become an enduring part of a will or estate, with continued managed registration compliance, even after the death of the original registrant. A Forever domain registration, which can be optionally combined with a Forever hosting plan, offers not only peace of mind, but also allows registrants to preserve their digital legacy, and on their terms.

Forever Registrations are for Everyone

Domain names are often described as a form of digital land. Freehold property ownership is not without precedent. Freehold ownership dates back thousands of years where the practice of perpetual land ownership was the standard. Epik is the first ICANN-accredited registrar to offer the perpetual registration. Additional registrars are expected to follow in the coming year. In the short time since Epik began offering Forever domain registrations, more than 1000 Forever registrations have been completed.

Epik customer, the Father Flanagan League has purchased 43 Forever registrations.   League President, Steve Wolf explained the value of the Forever registrations, “Our mission and agenda is an enduring one. Epik has been a trusted and unwavering ally in securing our digital presence for the long term.  With a portfolio of managed forever registrations from Epik, our digital presence is secured permanently and this is one major aspect of our organizational identity that we do not have to constantly deal with.  This Epik service feature is a tremendous value and gives us peace of mind.”

Debra McCann, mother of international music sensation Kiesza, also secured Forever domain registrations for the Kiesza and SteamPop brands. “With Kiesza’s global chart topping hits, brand protection was a priority. We secured Forever registrations from Epik. Whether Kiesza is in the recoding studio or on world tour, we sleep well at night knowing that Kiesza’s most important domains can never fall into the wrong hands. Our domains are right where they belong. Forever.”

Paulo Leocadio, of Pompano Beach, Florida is Founder of SculpIT. Paulo owns 23 Forever registrations at Epik, broadly protecting the SculpIT brand across multiple planned categories of factory. He explains “The name ‘Sculpit’ means different things to different people. I am protecting my brand across multiple new domain extensions including .FITNESS, .LIFE, .DIET.  Forever registrations are a key pillar in protecting my brand once and for all.”

Jim Reifsnyder-Smith, of A1B 2BC is the owner of the premium 3 letter domain with an appraised value of more than $1 million that he leases to another Epik customer on Epik.com. Jim bought a Forever registration at Epik and explains “We lease our domain, so perpetual ownership gives our lessee’s extra peace of mind knowing that the domain they have been leasing isn’t going anywhere.”

For further information, or to schedule an interview, contact Rob Monster, CEO of Epik, at rob@epik.com or at +1(425)-765-0077. Domain owners can complete a no-cost check for eligibility of Forever domain registrations by visiting Epik.com/forever

About Epik Holdings Inc:

Founded in 2009, Epik is s leading full-service, all-inclusive registrar, as well as the leading provider of domain name leasing services and provider of escrow services for intangible assets. Domain industry regulator, ICANN, has accredited the privately held provider of domain registrations since 2011.

About Rob Monster:

Entrepreneur of the Year, TEDx alumnus, author, venture investor, and philanthropist, Rob Monster is a global advocate for sovereignty in the Digital Age – sovereignty of individuals and of the communities where they live and work. Rob, a Dutch-American, is a trusted advisor on digital strategy to both the public and private sector around the world.

Safe Harbor Language: Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 1995.  Readers are cautioned not to place undue reliance on forward-looking statements.  Epik Holdings, Inc. undertakes no obligation to update any such statements to reflect actual events

2018 Year-end tax planning for owners of Domain Names and Websites

For many people, the year 2018 has been a good financial year.  As we are now in the fourth quarter, I wanted to take a few moments to share some pro tips for using your domain holdings to manage your year-end tax liability.

Forever Domains

One of the most popular moves for reducing your 2018 tax liability is our Forever domain registration. This is a one-time purchase of a forever domain.  This service is uniquely offered through Epik and can be done with most domains.  The Forever domain allows you to recognize a 2018 expense to cover the registration costs for as long as you hold the domain at Epik. To check if your domains are eligible for Forever registration, visit here. In addition to Forever domains, Epik also offers Forever web and email hosting plans.

Year-end domain selling

One of the unique features of Epik is that we are not only a registrar but also a domain name marketplace for selling and leasing domains.  When you sell domains on Epik, your proceeds are initially deposited tax-free in a Masterbucks account.  These proceeds can be held or spent tax-free. If you are redeeming your proceeds, that is generally considered a taxable event and possibly best timed for after the new year. If you are new to selling and leasing domains, read our helpful how-to guide here.  For transactions larger than $10,000 use our escrow service.

Fund your account for planned 2019 purchases

You may also fund your Epik account through your preferred payment method before December 31, 2018.  Your deposited funds are held in the form of Epik In-store Account Credit which can be used for future domain and hosting related expenses regardless of whether you choose to process the renewals at this time or after the new year.  You can fund your account online from your account by logging in and adding funds here.

Domain Gifting and Estate Planning

If you hold domain names that have appreciated in value, you may gift domain names to qualifying institutions such as 501(c)(3) non-profit organizations. To do this, you will want a 3rd party appraisal of the domain names being gifted, particularly if the size of the gift is more than $5,000. If you have a domain portfolio that would logically benefit a qualifying institution, that institution can in turn use or sell those domains.  For a professional appraisal, visit our appraisal page here.

Cryptocurrencies

For anyone holding cryptocurrencies such as Bitcoin and Ethereum, Epik does offer the option of funding your Epik account using these cryptocurrencies in addition to bank deposit, wire transfer, ACH, and PayPal. If you wish to fund your account via cryptocurrency, please contact us and we’ll assist you with this task. Your cryptocurrency payment can be held in the form of Epik in-store credit for use with future domain and hosting purchases.

Bulk Domain Transfers

If you own domains elsewhere and were thinking about consolidating at Epik, now is the perfect time of the year to do it. There is no penalty for domain transfers as an additional year is added your existing expiration date with no loss of pre-paid time for domains currently held at other registrars. Our free transfer concierge service is standing by to help you manage the task or simply use our easy online tools to start your transfer.

I hope these pro tips are helpful for you. Consult your tax advisor or contact us for a free consultation on year-end tax strategies for domain holders. Feel free to share these tips with others. For now, I wish you a blessed year-end holiday season and look forward to another year ahead of industry-leading innovation and legendary support. Thank you for your continued feedback. If you loved Epik in 2018, feel free to let us know here or by liking us on Facebook.

Sincerely,
Robert W. Monster
Founder and CEO
Epik.com

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