I'm getting the "Required permissions cannot be acquired" error on my GoDaddy hosting server

GoDaddy hosting doesn't offer Full Trust permissions.
In order to run EP a server must have Full Trust permissions for ASP.NET
How to set Full Trust level:

There are several options available to you:
  • Get a dedicated server from GoDaddy or any other hosting provider, where you'll be able to run any application with any trust level.
  • Host your account on our server, but add a sub-domain forwarding to your DNS, so when a user goes to http://ep.xxxx.com he will be forwarded to http://xxxx.go.easyprojects.net. In your DNS settings you can specify the option to hide the forwarded address, so the user will only see http://ep.xxxx.com