You should post this in a "Show HN:" format. It would get more reception that way.
Is this a startup you're planning or just a free service?
Yes it's a free service, we launched the other day www.name2.me .
Domain giveaways and loans. We're trying to convince domain name holders to recycle their unused domains.
To some people the $10 for a new domain is a big deal.... so it gives them a chance to snap up a domain without any cost.