Contrib.com looks pretty interesting

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I recently signed up for Contrib.com which is self described as a contribution marketplace.

The concept seems interesting, there are many different ways to contribute and figure out what you want to earn.

It also looks like they are doing an ICO to establish their model. Industry veteran Chad Folkening is the lead mentor for Contrib.

From his Linked In page:

Lead Mentor

Contrib
– Present (4 years 9 months)

Contrib is community of Entrepreneurs, Developers, Designers, Marketers and Specialists from around the world building and owning successful brands using our Contrib business model and platform. Mergers.com, Consultants.com, Acting.com are just a few examples of recently launched brands.

Other domain industry advisors include Monte Cahn and Luc Lezon.

Here is an animation about Contrib

What is Contrib Cryptocurrency?

Contrib’s model allows for verifiable contributions with CTB coins on some of the worlds best digital assets such as Staffing.com, Streaming.com and many others. Owning a piece of the entity value with each verified contribution. CTB coins use a shared distributed ledger to manage and verify value to contribution ownership. Contrib uses our eShares Protocol to define how assets and values are created, authenticated, valued, issued, transferred, secured and cont   rolled on a blockchain network. .

In order to embrace our vision of creating a truly decentralized autonomous contribution platform we are launching a secondary utility token known as the eShares Coin (ESH) in which you earn ownership in any of our individual 22,000 digital assets.You can read everything about the ICO here, the private sale started August 30.

Disclosure: No one paid for this post and nothing is to be construed as a solicitation or recommendation. I thought it looks interesting, and others might find it interesting too. It might end up sucking. Do your own research.

About Raymond Hackney

Raymond is a writer, domain trader and consultant based in Pennsylvania. Raymond is the founder of 3Character.com and TLDInvestors.com.

Comments

  1. Colin Campbell says

    I have had the opportunity to really learn about this from Chad. I think the whole thing is genius. Who knows what concepts take off and which ones don’t. I think this concept has a great show. This also was not an overnight strategy but years in the making. Nice job Chad.

  2. fizz says

    That’s an interesting concept for developing great domains and I wish them well with the venture.

    BTW when I went to check out the three examples of Contrib business model and platform development, namely Mergers.com, Consultants.com, Acting.com, my Norton antivirus software flagged all of them as: “Dangerous Website Blocked. This is a known dangerous website. It is recommended that you do NOT visit this site.”

    • chad folk says

      Google is now putting more and more pressure on http sites and putting up this warning. We are on it but pretty much any site without an https is getting that warning.. Interesting is we do no currency transactions on the site so thats often where they require https but doing this now and tightening the rope on http sites.. THanks for the warning…

  4. Aaron Strong says

    Killer concept!……..I took the liberty to reserve a domain for Chad….Only reason I am saying it here is so that nobody thinks I plan to “squat”……I am a domain investor and not a squatter. ?….Contact me for transfer.

  5. steven says

    i’ve been watching contrib evolve over the years and it’s nothing short of genius… sit down with chad some time and have him demo it for you… the intricacy will literally blow your mind.
    stay on trajectory chad… it’s a billion dollar initiative bro!

    • chad folk says

      Thanks Steven and we do hope to have a distributed network of assets and value creation entities sharing in ups and downs of the network. Contrib vision is to really focus on how value is created, distributed and valued and transparency is key.. We know we have a uphill battle but thats the fun park..

    • chad folk says

      Besides Monte and Luc as contributing advisors, we also have a world leading software engineer (gsuite founder) Derek Parham on board with technical/code. Do you use google apps or gsuite? He founded that inside google in 2005 and has been helping CONTRIB with code/scaling. We have been working with Derek as our key Consultant and future lead contributor- code. The domain industry could use more brilliant software engineers as when you work with these type of people, its a whole other level of quality, cost, processes and deliverables.

  6. Mm says

    Too late to the party. Sec just started to shut down ico’s few daus ago and china just banned them. Major crash around the corner imho.

    • chad folk says

      China has to declare ICO illegal, thats what communism is about, control. US did not call them illegal but showcased what the line or positioning they are taking and how they are structured. People should read up on digital currency distribution (digitalcurrency.com- 1999 purchase). In distributed systems, once its out, its out, no choke points. Supression will happen but like water follows downstream, so does effeciency in the market. Cut the exchanges off, new ones will pop up the next day and plenty of countries around the world who are embracing ICO’s and the positioning in the digital economy. It has to regulate but it wont stop value distribution from happening.. CHINA is not and open society and USA will do what it can but cats out of bag.

      • MM says

        China IS the marketmaker and they set up the trend. Expect other nations to follow up in weeks to come. BTC is going under 500$, ETH under 30$. And, SEC is coming for ICO’s and crypto as well. They’ll go after them, and they’ll go after the exchanges. This space is going to be ultra regulated.

        If I had any I would run for the exits. On the positive side, some money that exits crypto is coming back to domains.

        • Chad folk says

          You could Be right and all good as it will then set the floor and rebound..the rebound is the key, will that be one year, two who knows but the technology and movement is well underway. We have plans in place to adapt or shift into whatever direction is needed to create and distribute value. Our success or failure will not hedge on what nationals do in terms of securities law. “Don’t break the law just don’t trust in it’. Nick szabo . Crypto has many new platforms and tech coming down the line the govt will have to deal with. Movement is good.

    • chad folk says

      To each his/her own. We like it as is follows the model of what is happening in the market and giving people opportunity to showcase there value based on contribution value.

  8. chad folk says

    CONTRIB is taking a great collaborative approach to URL.s and is many layers deeper then what appears. The marriage of digital currency with digital assets(urls) in a collaborative and transparent structure is powerful when executed correctly. It only scratches the surface and momentum happening in the crypto space and the ICO’s are just one component to create a world leading Value Distribution System..

    We are helping create more liquidity by sharding (cutting up) the assets, networking them into an ecosystem, and increasing the value through VNOC technology and business model structure.

    With URLS the single creates strength and weakness is the URL as while it acts as the real estate to hold the business together, is also the choke point. Every ICO now uses a URL to accept data/currency, not the other way around. ICO is only our entry, we have other plans announcing soon that will take 1031 exchanges (first one doing this in 2000) and other asset leveraging strategies that will allow us to focus taking the creation and transfer of value to a whole new level.

    warnings- google now blocks sites with that virus warning who are not using https.. Thanks for the heads up on browser warnings as google keeps tightening the rope on http sites..

    • soloneur says

      will you allow others, besides contrib founders / insiders, to offer their domain assets to members on contrib? if so, where? didnt see such opportunity provided

      • Chad folk says

        We are working with a select few and assets that fit our initial criteria. Fair price, structure of the asset distribution and vertical niche. We’ll be onboarding outside assets in the coming months.

        • soloneur says

          Chad, disappointed

          Not allowing all naming opportunities to be presented on the platform for founder’s choice / limiting them only to founders, insiders and their friends – shows a lack ‘openness’ necessary for any open source platform to succeed.

          Hope your team changes this policy before it receives negative commentary in social media.

  9. STRIKER says

    It is highly unlikely that this business model will be successful, for several reasons (most of which are fairly obvious)

    • chad folk says

      Curious what those several reasons are ? Its not the obvious ones that cause failure but the alignment of mission, vision and transparency. People said that about Bitcoin in the early days and look who is laughing now. 21 years in the URL space and have seen 3 technologies that change every industry. We are seeing that 4th with blockchain technology, digital currency. The old way of how things work will be shifting over the next 5 years, its happening faster. Using a flat/reputation based approach to organization structure is happening and sure like every new model/platform, it needs resources, talent and technology to push it along to become successful. 90% of startups fail within 5 years, would not call that a successful model to follow. Using a hierarchy and centralized approach has its advantages but also weaknesses. Have you ever worked with a shitty CEO? I have and often times would rather take parts of the team that GSD and when bad leadership creates a ripple effect, that needs to be replaced with leadership based on reputation and deliverables quickly, not a resume full of fluff. When you take the same approach/model/thinking as the old, thats often the reason for failure when implementing new structures and processes. Would like to discuss and address how we are approaching our business model and those “several reasons”

      • Ian Gold says

        Hi Chad

        Just read your article

        I’m a friend of Monte – Ian Gold

        I secured blockchainengine.com a while back Is that worth a few quid?

      • Nathan Edwards says

        Hello Chad,

        I made 7 figures so far BTC while dealing with Hate from 2012 and hate keeps going daily. It’s called jealously/envious and I really wish you well. But be very careful of the ICO model, that can destroy your great reputation in an instant and even worse land you in prison. I am very serious about that. Shit is hitting the fan big time.

  10. John says

    Why aren’t you running your business at Contribute.com? It is very awkward to see domain investors with a startup using a hack word dot com. Especially when they have made millions selling one word domain names to their clients. This does not build up the marketing faith for premium domain names.

    • chad folk says

      Why use Contribute.com for $50k (price quotes) when its 3 extra characters longer and not as powerful a brand. Generic yes, but Contribute.com is not a brand.. We are more then happy with our Contrib.com url when the underlying features and functions are what creates value not the URL. As the owner of URL’s thats the easy part so when you want to sell URL’s for prices like they are built out, good luck.. Train might have already passed.

  11. Nathan Edwards says

    As somebody who has been investing in Bitcoin since 2012 and a domain investor since 2001, Chad has the right vision except Chad doing an ICO will be his downfall here. ICO model is scam end of story. Not only did China ban it, SEC is coming down, and many more countries to follow.

    • Domain says

      Ico not going away, they will get more organized and more regulated but never getting the horse back in the barn for legitimate projects. Chad is legitimate

      • STRIKER says

        In the past SEVEN days:

        Bitcoin is down 25%
        Litecoin is down 41%
        Ethereum is down 28%

        In ONE week.

        This turd of an investment vehicle (non government regulated craptocurrencies) is on the road to ruin.

  12. chad folk says

    You will and should see crypto pricing go down even another 50% likely but the floors are set on the major digital currencies.. False sense of security, ie. realty backed, gold back currencies are false sense of security but seem to pull the cover over the american people in thinking they are safe with these asset backed currencies. Remember the crash of 2008, you should call that a great investment vehicle that later realized the fraud..

    The blockchain/crypto tech is out and like new tech, gov. regulation can only slow it down not control it… Going to have a hard time to regulate technology and distributed systems and the global jurisdictions embracing the new digital economy. If you trust our current systems, great, you want regulation to protect the 5% of the end user investors..Have you see how much fraud is in governments? Trillions are defrauded from taxpayers so you must be in the camp of sucking down federal money as you want to bark up crypto fraud, check the facts on how much fraud is in our healthcare, foodstamp, energy and other markets.

    Current investors playing the cyryptomarkets with their own money, not the governments money should and do what they want with there own money, not tax payers money that politicians use. The system spends billions to promote and elect officials only to do it every 2-4 years again with no accountability. At lease with crypto you have a choice.

    Don’t break the law, just don’t trust in it.. Do you think i need governments who are slow, inefficient, filled with fraud and with an employment structured where its easier to get struck by lightening then get fired from a fed. gov. job is right, then good luck to you trusting the current system.

    • STRIKER says

      I agree with you on the rampant fraud in anything the government touches; however, the craptocurrency market is also fraud-laden. Pump-and-dump schemes are killing trust in these markets and as of now, overall trust in these markets are trending to eventually be below that of penny stocks.

      I get it — you have a vested interest in what we’re discussing here; but reality is, you hitched your wagon to the wrong horse. Your ICO is going to fail and if said ICO is a core component of future success of you business, then it will likely fail too.

      I’d wish you good luck, but I can’t since anyone pumping an ICO is automatically untrustworthy to me.

    • STRIKER says

      Craptocurrencies are CRASHING this morning…they are all next to worthless, folks. The great unraveling has begun.