Who is behind Shotput.com?
Be sure to see our About Us page for all information. In short, the founder of this site is Aron Meystedt, a long time member of and ambassador for the digital asset space.
Aron has transacted well into the 8-figures in digital assets. He started the Domain and IP Category at Heritage Auctions and he is the owner of the world's first registered .com: Symbolics.com.
Why domain names and digital assets?
Most digital assets are limited in supply and very high in demand. Domain names reside on the DNS -- a resilient decentralized network that facilities billions of activities per day from browsing the Internet to sending/receiving email. Digital assets come with added features that owners can enjoy. Read our blog post "Why Domain Names and Digital Assets" for more.
Where does my percentage ownership reside?
Your units exist in your profile account here at Shotput. For now, you are unable to take your ownership stake outside our platform. We may implement this feature in the future, but it isn't guaranteed. Housing your ownership here allows us to grant you participation in future features such as voting rights and more.
What payment methods do you accept?
We currently complete all of our payments through Stripe via a secure/encrypted page. This allows you to pay with any credit card you wish. Stripe charges a fee which Shotput will absorb on every purchase. The method of payment and how you fund your account and make transactions may change in the future.
What if a domain I partly own is subject to a legal dispute or UDRP?
While the odds of a UDRP are extremely low, we do recognize that this is possible. Ways to avoid a UDRP are many -- including NOT using the name in any way that infringes on an existing trademark.
We are careful to select names that don't infringe on existing marks and we'll make best efforts to ensure the usage of the name does abuse any existing IP.
If a UDRP is to occur, the asset owners will vote on legal representation and the legal fees will be split among the group in a proportional manner.
What if Shotput.com ceases to exist... what happens to my shares?
If our site fails to be a going concern, or ceases operations for any reason, the owners of each asset will vote on the best way to liquidate their ownership. The most likely options are: via an auction house of the group's choice OR via an established broker who will promote the name to interested parties. Please note that liquidation fees may be charged by auction houses or brokers, which may impact the total amount you receive back. Since these assets are quite valuable, you should anticipate a fair liquidation amount -- however, these assets are rather illiquid and finding the right buyer may pose a challenge. Of course, we don't anticipate shutting this service down -- but the above is the process if something should occur.
We will maintain a registry of clients and their ownership percentage -- and all will be paid their ownership portion in the event of a liquidation as mentioned above.