Forever Domain Renewal/Registration (One Time Fee) via Epik?

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Is this too good to be true? Or is this the best offer ever in the world of domaining? I recently received an e-mail from a certain Jessica Roberts of Epik, offering a domain renewal FOREVER! Yes guys and gals, you heard it right. You’ll never renew your domain ever again. Even if the ICANN fees increase yearly and the domain renewal in your favorite registrars increase, you don’t need to worry about it, because you own your domain forever.

I’m pretty skeptic about this and I don’t know if I can trust another registrar with my domain. There are a lot of risk that came to my mind if I renew my domain with them forever. They can actually lock it in their registrar and claim it as their own, or they can just not renew it because I’m already dead, and a whole lot of other things. For $420 USD, you can own your beloved domain forever. If the domain renewal price is only $10, then it means you can have the domain for 42 years. They will be paying it for 42 years and will continue renewing it forever, until the end of time. This is a very high risk of investment for Epik and I don’t know how will they make money out of it.

I actually tried searching about it to read other domain owners opinion about this epic offer from Epik, but I found none. As in nada.
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They didn’t even post it in their website yet. Check out the search result screenshot below when I tried to search for Forever domain renewal on epik.com:
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I only got this link via e-mail: registrar.epik.com/forever/yourdomainhere.com

Obviously I’m the first one to blog about this forever domain renewal offer. I also found a post in DP forums I read that it’s not possible to have a one time fee and a registrar will renew it forever. It’s only possible if you have a credit card linked to your account in your registrar, then charge the renewal fee as long as you live and as long as your credit card is active.

What if all domains in the world will renew forever? Then 1000 years passed, the world wide web still exist. All domains are still renewed for free. They will keep on paying ICANN fees, and domain owners will enjoy their free domain renewal yearly.

I didn’t read their TOS yet so I don’t know what’s the catch here. My point is, this forever renewal offer is too good to be true. Or I guess, it’s just me. Hmmmmmm…

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