While webcam modeling has quickly become the money of choice when much of the # 39, pornographic activity eroded by the avalanche of free online sexual content, it is

Most models only see 20-40% of their earnings, if they see them because Many service providers have a minimum required amount, usually about $ 50, to collect before issuing their Payment. This standard policy scares most beginners. The cashing out of your hard earned money as a template can also be delayed by one month due to the payment rules of these sites and the traditional bank transfer rule of three to five business days. And for customers, some websites block you until you provide your credit card, which makes anonymizing quite difficult.

Traditional platforms often store all kinds of information such as identification numbers, geolocations or even private numbers. cats, to name a few that might be alluring data for hackers to steal. These systems are probably not open source and therefore, nobody can make sure that the data will be encrypted and will be deleted after a while.

Blockchain solution

Comes Live Stars in the picture. The start-up is one of the leaders in this multi-billionaire industry to solve these problems by introducing Blockchain technology into the webcam business. In addition to the economic cryptographic efficiency, thanks to Blockchain technology, they promise to offer more privacy, security, control and independence than ever before, not only for the models but also for the customers.

Their concept is simple. With the use of Blockchain, their platform will be decentralized, which will cryptographically protect customer data and models against fraud. In terms of transactions, Blockchain will also facilitate the transfer of payments for customers.

By issuing its own Blockchain token, named LIVE, which is an ERC20 token, the company will speed up payments, minimize transactional errors, and protect customer data. This will virtually eliminate third-party payment costs (and time) and thus give their models a much more equitable revenue rate of 70-80% compared to traditional platforms. The winnings will be immediately available and even new models in the industry can benefit from startup as there is no minimum amount required.

Regarding anonymity, Live Stars will only accept Bitcoins or Ethereum for LIVE chips at their ICO crowdsale (as of January 15th). The company was able to raise about $ 1,250,000 up here to their symbolic presale. If they succeed in launching their service, the focus will be on using cryptocurrencies to ensure anonymity. But for users still unfamiliar with digital gold, they will leave an open door and let people buy LIVE tokens with fiduciary currency using third party services.

Private video chats and text chats will use webRTC based on the one-to-one principle, regardless of servers and administrators. Another step Live Stars has taken on its mission to ensure that customers can completely hide their identity.

A conscious choice

Although this is not the first time that the cryptographic economy mixes with adult entertainment. world but Live Stars and some other similar startups are really trying to take the technology behind cryptocurrencies and apply the benefits of Blockchains to the porn industry. They aim to provide a more bottom-up approach and to ensure transparent, fair and secure trade for sex workers.

Yet while the world frantically, at least on the Internet, is talking about the revolutionary aspect of prostitution. cryptocurrencies, most people still do not understand what Bitcoins are and why they seem so good to us. And if your average person is hesitant to buy digital money, models may hesitate to enter a webcam business where their income will depend on it.

However, according to Live Stars, they have already managed to vow on a number of models to their Alpha platform pre-launched in 24/7 streaming. This is perhaps the sign that the time has come for a new generation of prostitutes, able to overcome the disadvantages of the traditional sex industry.

And with its global application, Live Stars could be the one that paves the way for this much anticipated financial and technical innovation for both the adult industry and its digital geishas.