I have gone through the aforementioned subject matter with a painstaking effort. Being a blogger who currently registered with Namecheap, it would be outrageous to impose such 70% benchmark on annual renewal cum registration of blogs. This proposed initiative will two effects: 

1) The high rate of registration fee for domain names and the likes would scare prospects away; and

2) There is possibility of most current bloggers developing cold feet in the business and, ultimately, pulling out.

I urge you to nip this proposed initiative in the bud.

Yours faithfully,

Chikezie Onwumere,

(Lawyer, artist, writer, blogger)