The Butterfly Protocol is a next-generation domain name acquisition and ownership system that solves the problems of freedom, accessibility and sustainability of the traditional system. Butterfly Protocol aims to create a decentralized autonomous organization (DAO) to replace the DNS system and change the economics of domain name ownership. Only by incubating a DAO registrar of its own token can a durable self-sustaining economy be created to replace ICANN. This ability frees people and governments from central control of the internet, helping to create a durable, censorship-free internet.