Hi ICANN,
From NameCheap.com, we got to know that Verisign agreed to pay ICANN an additional $20 million dollars over five years to support ICANN's domain name system initiatives, without any clarity about how ICANN will spend the money, or who will ensure that the funds are properly spent on domain infrastructure.
According to this new agreement, Verisign will be allowed to increase the wholesale price to registrars for .COM domains every year for 8 out of the next 10 years, and this might not even stop there. Handing over such kind of power to a single company without any regulation would only mean havoc. Without the information on the company's intent on using that power gives a chance, that it can capitalised to the point where the le' website/ business owner would be charged more that the existing prices for the greed of the company. A justified price with improved service or security features are always welcome. However, using a fake or non-existing technology just to mint money would be a blunder. Hope, ICANN would reconsider the agreement with Verisign or the proposal in the view of their consumer's interests. In the worst case scenario, if the .COM website prices are hiked the consumers would move to a better service that would offer .COM sites at a lower price or to stick to other endings, .org, .net, etc.... This would result in loss of customers from your domain. Yours sincerely, Veera Praneeth.