SpankChain is a revolutionary blockchain based economic and technological infrastructure for the adult industry. Built on Ethereum, smart contracts allow us to eliminate third party intermediaries and unfair payment practices while providing more powerful privacy and security.
The adult entertainment industry has consistently driven the mainstream adoption of new technologies. The printing press was propelled to glory by the publication of the famous I Modi. I Modi, which consisted of graphic sexual illustrations and explicit sonnets, became one of the most widely distributed books of the Italian Renaissance and compelled many Italians to learn how to read . Much of the internet’s early value was captured by way of helping people find pornography.
SpankChain has received significant support from those who recognize adult entertainment industry as a driver of innovation and those who understand that the communities most motivated to switch to a new economic platform are those marginalized by the existing one. The SpankChain mission is to bring the core benefits of blockchain technologies – privacy, security, self-sovereign identity, economic efficiency to the adult entertainment industry. goal is to do this while remaining maximally compliant with legal codes.
Red light district
The Red Light District will allow performers to upload and sell digital content directly to
their fans. The Red Light District is being developed as joint venture with the district0x
Network, a collective of decentralized community owned and operated marketplaces.
Users will be able to purchase content directly via ETH and ERC20 transactions or by using
the Vynos wallet and SpankChain Hub. Marketplaces on the district0x Network leverage the Aragon framework to provide community governance options via the Network Token.
Go to market strategy is to partner with top performers who have loyal followings and
provide them with the tools to launch their own branded sites for both camming and clips
on the SpankChain platform. This strategy is informed by observation that performers
are already disintermediating traditional distributors by cultivating followers for their
personal social media brands and advertising their cam sessions and clips to their fans
directly. This makes performers less dependent on the expensive paid advertising
SpankChain will also attempt to capitalize on massive arbitrage opportunity that currently exists in advertising on adult content. An intuitive but obscure fact is that advertising on adult content – even major tube sites typically earns 10x less than advertising mainstream platforms like Google and Facebook . This is despite the well-known statistics that nearly everyone watches porn . The explanation is simple: big brands don’t want to associate with adult content.
During the processing phase, SpankChain submits selected bids at or above the strike price to the auction contract until the desired quantity of ETH to accept is reached. SpankChain has full discretion over which bids to select and submit. Generally speaking, SpankChain intends to prioritize bids from registered presale buyers over regular unregistered auction participants, but make no guarantees of participation for any buyers. If demand is high, it is quite possible for a buyer to place a bid above the strike price and still not have it accepted.
Another security concern addressed by the SpankChain team is cross-site scripting attacks
in the browser. In order to participate in the auction, buyers must sign their bids using the
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