SpankChain uses the Ethereum blockchain to create an adult entertainment ecosystem. SpankChain plans to create a SpankChain camsite where users can join public gigs. Additionally, partnering with district0x to build a marketplace, performers can upload and sell digital content using ETH or ERC-20 tokens. SpankChain Token (SPANK) is an ERC-20 token used to pay for services and enjoy management rights within the SpankChain ecosystem.

Project Highlights

Lowest Fees
Proprietary in-browser micropayment processor.
No refunds
A brand new financial ecosystem on the blockchain.
Anonymous
Complete anonymity to both performer and audience.
Safe and reliable
Decentralized distributed ledger technology.

Project rationale

Ethereum-based smart contracts can eliminate third-party intermediaries and unfair payment methods while providing stronger privacy and security.
The spankchain (SPANK coin) blockchain is a viable alternative to the discrimination and inefficiencies of traditional financial institutions. Public blockchains are globally distributed systems of record that provide permissionless access to anyone with an internet connection. Anyone, regardless of their occupation, can use the public chain to store funds and conduct transactions without fear of their account being closed. spankchain (SPANK coin) blockchain transactions also have a strong ultimate guarantee, so the rationale used to classify the adult entertainment business as "high risk" proved impossible. Additionally, spankchain (SPANK Coin) smart contract-enabled blockchains (such as Ethereum) can be used to decentralize business processes with expensive middlemen and make them obsolete.

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