Webcam site

Spankchain cam site is the first major milestone in the project and it will have two iterations before it is completed. Livestars is another project trying to lower fees for the platform providers. They both aim to be a cam site which enables users to pay with Cryptocurrencies directly to providers removing the middlemen. I expect them to increase in numbers in the coming years.

Spankchain website

Here is a fun way to learn about buying and spending using cryptocurrencies.

Decentralized performer profiles

We don’t own anything in this day and age. Your Facebook , Steam, Streamate accounts are all owned by the companies that operate them. They can ban you any time they dislike something about your activity. These provide a mechanism for them to operate their platform in the way they want. However, when it comes to accessing our own data when they kick us out, we have no way to do that. Your profile does not belong to you!

Losing access to your data may not bother an average Joe that much but when your income is coming from a website such as Streamate and they ban your access that means you just lost your revenue stream. With a decentralized profile which is your profile information, videos, pictures, chats will not be locked out of you. You will still be able to access them. Imagine then a video streaming site does not want your stream, you can just switch to another one and continue chatting, stripping and streaming. More importantly your followers will be able to see where you are streaming now and come watch your stream. No more losing access to your profile, your revenue or account.

Red Light District

The next major milestone in their roadmap is decentralized marketplace called Red Light District which is right now the 4th district to be built on the District0x platform. It will also have 2 versions. The first iteration will be centralized and it will come out this year and I’m guessing the final version will come out probably in late 2019 which will be on the District0x platform. You will be able to sell your videos, undies and whatever you want within the platform.

A Red Light District without escorts is unthinkable, at a later date they will also introduce that, but it is such an ambitious plan and way too far away in Q2 2019. 2 years in crypto is more like 10 years in the real world so I’m not holding my breath for that to come out, but I believe they will get there. If you imagine they are successful in the rest of their Civilization tech tree, there is no reason they cannot be successful in introducing escorting to the platform.

What is Spankchain?

“A one stop platform that will satisfy all your sexual desires.” I think this is more fitting description to define Spankchain as it addresses the whole spectrum of services it provides for clients.

It is mostly touted as a platform that will be adopted by providers because it reduces the fees taken out by middlemen however that certainly is not the only thing it is going to provide. Imagine someone writes a porn script, which is then edited by the community. SPANK holders then get to chose the director, casting and shooting place by voting through their SPANK tokens. If it is approved it gets funded and now we have a video that’s produced by the platform which also generates income for the platform. Let’s not stop dreaming here now that we have a video that is the product of Spankchain. This video is now part of the ecosystem which provides additional value to Spank holders. Much like what Netflix is doing by creating its own series. COMMUNITY FUNDED PORN is the future. I really don’t think this is a far fetched idea.

Holding Spank comes with certain beliefs which I believe are far more important for the success of the platform. My next article will be about ethics and beliefs and why it matters. You should first watch Simon Sinek if you want to understand as it will be my main focus on my next article.

If you are interested in the project then join Spankchain on Discord and connect with people interested in the project.

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