There are already projects like Handshake, ENS, Unstoppable domains that try to do this. Honestly I like the need for renewal fees for domains personally, since it means you can't just buy a domain once and squat on it forever.
If the money were to be used to secure the network somehow, it would make sense.
If the money just goes to the creators... it was all just a money grab.
However most of the potential token supply (like 50%) was premined/airdropped to ssh keys of Github users with >15 followers.
That's not necessarily fine if the fee is in custom tokens. By burning they are just reducing supply, locking in the amount paid and increasing the value of their huge holding. It's pretty terrible.
Ofc in this case the Devs and the "sponsers" have 10% of it, so yea.
the registration fee does prevent someone from squatting the entire Library of Babel though
What is your suggestion for those of us who can't spare an angel investment of "just" ten dollar a year until we die or sell the domain?