EXIP: A Decentralized Domain and Top-Level Domain Service Based on NFT

What is EXIP

Friends, imagine the internet we use every day as a vast city, and website domain names (like google.com) are the addresses of every building in that city. Currently, the allocation and management of these addresses are largely controlled by a handful of centralized organizations. The EXIP project, short for “Extreme Internet Protocol,” is an ambitious initiative aiming to redesign this “city address system” using blockchain technology, making the internet more decentralized and returning control of domain names to ordinary users.

Simply put, EXIP’s goal is to create a blockchain-based domain name system (Blockchain DNS), so your domain and top-level domain (TLD, such as .com or .org) are no longer dictated by traditional institutions, but instead recorded on the blockchain as a type of digital asset called a “Non-Fungible Token” (NFT), proving you are its sole owner. Non-Fungible Token (NFT): You can think of it as a “digital collectible” or “digital property certificate” on the blockchain. Each NFT is unique and irreplaceable, representing a specific digital asset, such as artwork, game items, or in this case, your domain name.

The core problem this project aims to solve is that the current internet domain name system is overly centralized, leading to potential censorship, revocation, or even monopolization by large corporations. EXIP hopes to use blockchain technology to enable individuals, businesses, and even government agencies to truly own their domain names, free from third-party interference.

Typical use cases include: users can buy, sell, and auction domain names and top-level domains through the EXIP platform, all existing as NFTs. To access these blockchain-based domains, EXIP also plans to launch its own browser or browser extension—just like installing a plugin—allowing you to freely explore the decentralized internet world.

Project Vision and Value Proposition

EXIP’s vision is grand: it aims to “decentralize the internet” and break the monopoly of domain and top-level domain control by a few organizations, such as traditional internet management bodies like ICANN and IANA. Imagine if your home address wasn’t managed by a central authority, but recorded in a public, transparent ledger maintained by everyone, and you had absolute ownership of that address—EXIP wants to bring this concept to the realm of internet domain names.

The project believes that while the current internet has brought great convenience, its underlying architecture was not designed for such a critical global role. Its centralized nature allows large companies and certain organizations to arbitrarily censor or remove domain names. EXIP’s value proposition is to offer a “full-stack” solution—not just blockchain domains, but also decentralized browsers and DNS resolvers—so users truly own and control their digital identity and online presence. This sets it apart from other projects that only provide blockchain domains; EXIP aims to build a more complete ecosystem.

Technical Features

The technical core of the EXIP project lies in its Blockchain Domain Name System (Blockchain DNS). This system records domain ownership and management as NFTs on the blockchain, ensuring immutability and decentralization. You can think of it as your domain name no longer being rented, but as a digital property you truly own.

To enable broader application and flexibility, EXIP adopts a multi-chain strategy. The project initially issued tokens on Binance Smart Chain (BSC) and plans to support Ethereum and Stellar in the future. Community members can also vote to decide whether to create EXIP tokens on more blockchains, giving the project strong scalability and adaptability. Binance Smart Chain (BSC): A blockchain platform launched by the cryptocurrency exchange Binance, known for fast transactions and low fees.

To allow users to access these blockchain-based domains, EXIP plans to develop its own browser and browser extension. Just as you can install various plugins on Chrome or Firefox, EXIP’s extension will let you seamlessly access decentralized domains, and it also plans to provide a “bridge” for compatibility with traditional domain systems.

Additionally, EXIP integrates IPFS (InterPlanetary File System) technology, allowing users to easily host decentralized static websites. IPFS: A peer-to-peer distributed file storage system, essentially a decentralized cloud storage solution, so your website content no longer relies on a single server.

The project’s DNS system will be maintained by community-run nodes, similar to the role of miners in the Bitcoin network. This ensures the system cannot be easily shut down or censored, truly realizing the vision of “an internet owned by the community.”

Tokenomics

The native token of the EXIP project is also called EXIP, a multifunctional “utility and governance token.” Initially, EXIP tokens were issued on Binance Smart Chain (BSC) under the BEP20 standard. BEP20: A token standard on Binance Smart Chain, similar to Ethereum’s ERC20 standard.

The total supply of EXIP tokens is set at 2.1 million, which is relatively small compared to Bitcoin’s 21 million, emphasizing its scarcity. The project plans to mint 2.1 million EXIP tokens on BSC, and simultaneously mint an equal amount on Ethereum and Stellar blockchains. These additional tokens will be locked until EXIP token sales exceed a certain threshold (over 1.1 million).

Main uses of EXIP tokens include:

• Buying, selling, and auctioning domain names and top-level domains: Users need EXIP tokens for domain transactions within the EXIP ecosystem.
• Staking: Token holders can stake EXIP tokens to earn rewards. When a domain or top-level domain is bought or auctioned, stakers receive 21% of the proceeds. Staking: Locking your cryptocurrency in a blockchain network to support its operation and security, earning corresponding rewards.
• Governance: EXIP token holders have voting rights and can participate in community governance, including voting on important decisions such as domain revocation or confiscation.
• Discounts: Using EXIP tokens to purchase domain names and top-level domains grants discounts.

According to information from 2021, the EXIP token distribution plan is roughly as follows: Team 3%, Advisors 1%, Promotion 1%, Presale 1%, ITO (Initial Token Offering) 1%, IEO (Initial Exchange Offering) 4%, IDO (Initial DEX Offering) 3%, and subsequent rounds of exchange offerings (19%, 23%, 23%, and 16% respectively).

Team, Governance, and Funding

The EXIP project is led by a diverse international team with professional backgrounds in blockchain technology, cybersecurity, and fintech.

Core team members include:

• Shashi Meghawarna: Founder and CEO, also founder of Mobiglotech Blockchain Corp Pvt Ltd.
• Sahan Gunathilaka: Project liaison.
• Sharmilan Somasundaram: Blockchain partner, co-founder and CEO of Niftron (a blockchain-as-a-service company).
• Nisal Fernando: Head of Finance, Chartered Financial Analyst (CFA).
• Aven Perera: Head of R&D.
• Jajeththanan Sabapathipillai: Blockchain partner, blockchain engineer and full-stack developer.
• Tharaka Rajapaksha: Chief Information Security Officer.

In terms of governance, EXIP emphasizes that it is a “community-driven” project, with token holders having voting rights and participating in major project decisions. This model aims to ensure the project’s direction and development align with the community’s collective interests, avoiding centralized power.

Regarding funding, the project set a $30 million token sale hard cap in 2021 and launched its IEO on June 11, 2021. Additionally, a June 2021 article mentioned the project was seeking $1 million in investment at that time.

Roadmap

According to public information from 2021, some key milestones and plans for the EXIP project are as follows:

• May 2021: Project details and IEO announcement released.
• June 11, 2021: Project launched IEO on multiple exchanges.
• From October 2021: Community members could download and run EXIP node software to participate in the decentralized DNS system.

Future plans (based on 2021 information) include:

• Launching an equal amount of EXIP tokens on the Ethereum blockchain.
• Deciding via community vote whether to create EXIP tokens on more blockchains for broader compatibility.
• Continued development and improvement of the EXIP browser, browser extension, and decentralized DNS system.

Important Note: The above roadmap information is mainly sourced from public data in 2021. Due to a lack of recent official updates, the project’s actual progress and future plans may have changed.

Common Risk Reminders

Friends, when learning about any blockchain project, especially early-stage ones, it’s essential to recognize the risks involved. For the EXIP project, based on currently available information, here are some risks to note:

• Project Activity and Information Transparency Risk: We found very limited recent official information about EXIP. Its official website (exip.live) appears inaccessible, and no active official GitHub repository was found. For a blockchain project, this is a significant warning sign, possibly indicating halted development, very low activity, or failure to progress as expected.
• Technical and Security Risks: While the project proposes innovative concepts like decentralized DNS and NFT domains, any new technology comes with unknown technical challenges and potential security vulnerabilities. If development and maintenance do not continue, security cannot be guaranteed.
• Market Adoption and Competition Risk: There are other competitors in the decentralized domain space. Whether EXIP can stand out in a competitive market and be adopted by users and developers is a major challenge. Without sufficient ecosystem building and user base, the project may struggle to realize its vision.
• Economic Risk: Token prices are highly volatile, affected by market supply and demand, project progress, and macroeconomic factors. If project activity is low, token liquidity and value may face significant risk.
• Compliance and Operational Risk: The regulatory environment for blockchain and decentralized technology is still unclear globally, and future policy changes may bring compliance risks. Additionally, if the project team disbands or operates poorly, the project may stagnate.

Please note: The above analysis is not investment advice. Before participating in any cryptocurrency project, be sure to conduct thorough independent research (DYOR) and fully understand the risks involved.

Verification Checklist

When researching the EXIP project, here are some key information points you can try to verify:

• Block Explorer Contract Address: We found an EXIP token contract address on Binance Smart Chain (BSC):
  0xc4BD5e3Fe3D254C1002ee744b0216D650388464b
  . You can check this address on BSCScan or other block explorers to view token holder numbers, transaction history, and activity. However, the current contract address shows very few transactions and holders, which is a significant discrepancy from the scale claimed in 2021, further confirming the risk of low project activity.
• Official Website: According to 2021 data, EXIP’s official website was
  exip.live
  . But this link now seems inaccessible or points to unrelated content. An active official website is a key sign of project transparency, and its absence is a major warning.
• GitHub Activity: We could not find an active GitHub code repository related to the EXIP blockchain project. Although there is a “rwl/exip” GitHub project in search results, it is for an embedded XML processor and not the blockchain project discussed here. For a technology-driven blockchain project, the lack of a public and active codebase is a significant risk signal.
• Latest News and Community Updates: Try searching for the latest news, announcements, or community discussions about EXIP from 2022 to now. If there is a lack of ongoing updates and community interaction, it suggests the project may be stagnant.

Project Summary

In 2021, the EXIP project proposed an ambitious vision to decentralize the internet’s domain name system using blockchain technology and NFTs, returning domain ownership and control to users and breaking the monopoly of traditional centralized institutions. It envisioned a future internet with community-run DNS nodes, users accessing NFT domains via the EXIP browser, and operations across multiple blockchains. The project team demonstrated expertise in blockchain, cybersecurity, and fintech, and planned a token economic model including token utility, staking rewards, and community governance.

However, as a blockchain research analyst, I must objectively point out that, based on currently available information, EXIP seems to lack ongoing official updates and activity since 2021. Its official website is inaccessible, no active GitHub codebase was found, and its on-chain token activity is very low. These are common risk signals for early-stage blockchain projects, indicating the project may not have developed as expected and may even be stagnant.

Therefore, while EXIP’s concept is attractive, in the absence of recent, reliable official information and actual progress, it is wise to remain cautious about its current status and future potential. For anyone interested in EXIP, it is strongly recommended to conduct your own in-depth research and thoroughly assess all potential risks. This is not investment advice; please think independently and make rational decisions.