Mobiglotech Blockchain Corp. looks for $ 1 m investment for EXIP project

EXIP team members

• Styling itself as world's first decentralised domain and top-level domain name service provider aims to become billion-dollar company by 2025

Mobiglotech Blockchain Corp. is looking for $ 1 million investment to its flagship project, EXIP, in partnership with Dev Ceylon Holdings and Niftron, as part of its aim to become a billion-dollar company by 2025.

In a statement, Mobiglotech said the EXIP project, themed as ‘By Community for Community,’ is expected to create real independence on the internet and make sure it remains neutral to any political affiliations. 

Mobiglotech, according to its founder and CEO Shashi Meghawarna, is the world's first decentralised domain and top-level domain (TLD) name service firm. 

“EXIP ecosystem is custom built to the needs of any individual, private or government institution where they can have the ownership of their domain or TLD other than renting it as from present service providers. In future, depending on the way the world is moving with blockchains and decentralisations, all aspects of the project will be decentralised. And the community will control it without any monopoly. We will build this project in such a way that all the users have equal rights to access, and anyone will be able to create domains and top-level domains whose ownership will be identified through non-fungible tokens,” he said.

“The internet transformed the way we carry out transactions, communicate, share information, promote business, entertain, study, and so forth. Nevertheless, the internet was never properly designed for such a global role. On the other hand, some organisations have the power to seize, revoke, dismiss, and permanently erase any domain from existence. Once the EXIP project is completed, the community would be able to decide all the major actions in the system based on their voting such as removing or banning a domain or a user.”

EXIP is specially designed to decentralise the internet and overcome the monopolistic control over domains and TLDs. While providing the connectivity of the internet, it assures full security similar to an intranet. The EXIP project is moving forward smoothly and looking for investment of $ 1 million to become a billion-dollar company by 2025.