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SpankChain (SPANK) - Adult Entertainment Price, Change(24h), Reviews, Guides and more

The secure, encrypted experience that Blockchain seems like the perfect fit for adult entertainment. Someone had to grab a hold of the niche...

Market Cap

Name (Ticker)
SpankChain (SPANK) Price, Market Cap and more..
Price (USD)
$0.00698032021938
Rank
344
Active Supply
300.0 million
Total Supply
1.0 billion
Volume(24H)
147
Market cap
2.1 million
Fun Name
Adult Entertainment
Meta Tags
Block Explorer

SpankChain (SPANK) Graph

One Week Coin Price Graph

Pros of SpankChain (SPANK)

  • Low Fees
  • Over on year old

Cons of SpankChain (SPANK)

  • No backing (asset, profits, commodity)
  • Streaming service in early access.

SpankChain (SPANK) Review

The secure, encrypted experience that Blockchain seems like the perfect fit for adult entertainment. Someone had to grab a hold of the niche. SpankChain did. And it did so with a bang.

SpankChain boasts a revolutionary entertainment infrastructure designed specifically for the adult audiences. The chain is Ethereum-based. They use smart contracts to eliminate the middleman and to make the connection between the involved parties more, well… intimate.

In simpler words, the users are treated with a secure video streaming service and the performers have the tools they need to manage personal income.

  • Micropayment technology
  • Tokenomics
  • Anonymity

SpankChain provides users with Vynos, their in-house developed wallet designed for processing of micropayments. Their unique spin lies in the fact that the team behind SpankChain has managed to tailor a wallet that gathers and unites many relatively small payments into a single blockchain transaction.

The benefits of this approach are as simple as snow:

  • No 3d party fees
  • No personal authentication
  • The ability to pay for the service in crypto (any ERC20 or RTH)

The economic model of the SpankChain begins with the SPANK token. SPANK is a staking token that is primarily used to mint other token offerings. In simpler words, you will have to lock down your staking tokens in order to generate BOOTY tokens. They, in turn, are redeemable for $1 each.

Let’s say you have a certain number of SPANK tokens. Once you initiate the lockdown, you will not be able to perform any transactions with them. BOOTY tokens will be generated for the period of time during which your SPANK tokens were locked. As a user, you will know how much BOOTY you will earn prior to the lockdown.

The fact that all of the operations are done within the blockchain network. All of your personal data is encrypted. You will not have to trust shady websites for adults with your credit card data. Or any other information for that matter.

The same can be said about the performers who are also protected by the same principals.

The SpankChain allows for live video streaming in high resolution. It supports both desktop and mobile devices. All of the connections are done on a p2b basis. Video streaming is done via SpankChain’s own video player that is intergraded with the Vynos wallet.

There is not much more we can say about the streaming service itself. The community is still in early access though, and the launch of the DApps is yet to come.

SpankChain boasts a strong team of experts. Their CEO and co-founder Ameen Soleimani has an impressive track record of $30 Million in token sales. Sergey Ukutsov, also a co-founder, has successfully piloted the KYC bank2bank project, and their Lead Systems Engineer David Wolever has more than 10 years of experience under his belt.

The team has advisors and advocates among professional investors as well as among adult entertainment industry veterans.

If nothing else, it proves that people from both sides of the table have faith in the project.

SpankChain (SPANK) Conclusion

SpankChain has an interesting idea, a strong team of developers, investors, and advocates and it had its fair share of good press in publications like the Huffington Post (https://www.huffingtonpost.com/entry/an-untouched-space-desperately-in-need-of-blockchain_us_59f031aae4b04809c050124b), Forbes (https://www.forbes.com/sites/zarastone/2017/10/25/how-spankchain-an-x-rated-blockchain-plans-to-provide-pornstars-with-better-payment-plans/#3f4c50f13659), and IBT (https://www.ibtimes.com/beyond-bitcoin-blockchain-tokens-sex-industry-2601252).
It may be too soon to speak about the imminent success of SpankChain while their streaming service is still in early access, but if it will work well across all platforms and devices, then the company has all it takes to fly sky-high.

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