A company called Jizzcoins will launch a blockchain-based infrastructure for Bitcoin-like payments for the adult industry. The initial coin offering has just been announced.
Jizzcoins, a company relying on the blockchain-technology to develop a currency specifically designed to be used by the adult industry recently began a presale period. Buyers could buy their first Jizzcoins at a 25% discount. Jizzcoins said in a statement that the token will be used within its own ecosystem to serve all participants. The company’s product sites and affiliate programme will be among the first companies in adult entertainment being able to use this functionality.
Next up for Jizzcoins is the development of merchant API solutions including a fully operational exchange. A spokesperson for Jizzcoins said: »Blockchain technology will change the online landscape including the adult industry. Funds raised with the ICO will be used to boost all [its] activities and includes media dataset minting features for members, adult stars, models and connected voyeur locations.«
Once the initial buying period (ICO) will be over, studios, adult performers and models will be able to use a referral program, social media rewards, and an 80% revenue share program. The Top 30 models will receive monthly JCN token prizes.
The spokesperson for Jizzcoins added: »After completion of the ICO the listing process for JCN token will be started at multiple cryptocurrency exchanges, which will make it possible for the public to trade in JCN tokens.«
Depending on the public’s trust in the currency it could become an important payment solution for the oftentimes embattled industry.