Cam Girls Earned Over $70K Through Spankchain Since April Launch

John Vibes

In a statement released to CoinDesk this week, SpankChain (SPANK), the Ethereum token built for the adult entertainment industry, announced that they have paid their models $72,422 since their launch in April. In a few short months, the platform has attracted over six thousand active users and thirty-one regular performers.

Since the platform works on a blockchain, SpankChain (SPANK) is able to cut out the middleman that typically stands between the performers and their fans, allowing the performers to make more money than ever because they no longer need to split their profits with the platform. Traditional cam sites typically charge models 50% or more to use their platform, while SpankChain (SPANK) just charges a 5% service fee.

Cam model River Sunshine told Coindesk:

 

“I crunched the numbers. I was making on three sites combined, 6 percent of what I made in the same 30-day period on SpankChain. I feel more in control of my money than I did using the banks and payment processors on other sites.”

 

Spankchain also allows performers and their fans to have a stake in the platform by giving them the option to hold their tokens to earn rewards.

Another performer, Molly Mae Meow, said that SpankChain has changed her mind about cryptocurrency. Mae Meow said:

 

“I think a lot of members appreciate that I’m getting almost the whole amount of it. I was a little skeptical about all of it at first. But now I really, really love crypto. Giving models that much power in your site can be very beneficial. You’re not just working on the site, everyone on the site is also working for you.”

 

Proof of Concept

Earlier this month, CryptoGlobe reported that activists and journalists who were facing censorship through traditional channels are finding a new home in decentralized blockchain-based platforms.

Adult entertainers and sex workers are facing similar challenges as they regularly lose access to payment channels like PayPal or Patreon, so now they too are finding a new home on the blockchain.

SpankChain (SPANK) offers a censorship-resistant platform in an industry that desperately needs it, making it one of the most interesting use-cases in the cryptocurrency market. Just this week, adult entertainers across the US found their PayPal accounts locked and funds frozen after extremists known as "Incels" started a campaign to report sex workers and models to regulators and payment processors. SpankChain offers a solution to problems like this because on a decentralized platform there is no middle-man to freeze your funds.

Since SpankChain (SPANK) is a disruptive technology in a taboo industry, some investors have voiced concerns about problems from regulators, especially because SPANK had an ICO.

SpankChain (SPANK) CEO Ameen Soleimani believes that since the company never promoted the project as a money making opportunity, which should keep them safe from scrutiny.

Soleimani made a statement in the Discord channel for the project saying that the team “never discussed price appreciation of the token” and “deliberately tried to keep SPANK off the major exchange,” to avoid issues with regulators.

Opera Launches Blockchain, Cryptocurrency-Ready Browser for iOS

Opera Ltd., the company behind the Opera browser, has recently launched a new blockchain and cryptocurrency-ready browser for iOS, following the company’s addition of a built-in cryptocurrency wallet to its Android and PC browsers.

According to a press release shared with CryptoGlobe, the company’s Opera Touch browser for iOS features “crypto wallet integration and Web 3 support,” meaning users can interact with blockchain-based applications through it, as if they were using an extension like MetaMask. The company hinted at the move in March of this year.

The company touts it now offers browsers supporting blockchain-based applications and with a built-in cryptocurrency wallet in various operating systems, including Windows, Mac, Linux, Android, and iOS, allowing users to “seamlessly interact with the next generation of Web 3 applications.”

Currently, the browser only supports ERC-20 tokens, stablecoins, and non-fungible tokens, although the company has revealed earlier this year it’s looking to add support for TRON and multiple other blockchains within a  year.

Charles Hamel, Opera’s head of crypto, stated:

We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto-community, we are now making this experience available on iOS.

In the press release the company added it believes the “web of today will be the interface to the decentralized web of tomorrow,” with cryptocurrencies being at its forefront. Along with the iOS release, the company announced it partnered with a decentralized-application (dApp) called Marble.Cards, which allows users to turn unique web pages into collectible cards on the blockchain, each being a non-fungible token.

The Opera touch browser itself has a user interface built to let users use large phone screens with ease, as it shifts the navigation towards the bottom of the screen and adds features that make it easy to share pages across devices.

Opera’s main Android browser is also its cryptocurrency-ready browser for the operating system, and it has made it easier for users to buy cryptocurrencies directly from their mobile phones.