LONDON, March 26, 2018 (GLOBE NEWSWIRE) -- intimate.io (https://intimate.io/), a blockchain company facilitating payments and trust for the adult industry, today announced the release of its updated white paper. The updated white paper includes additional technical detail about the intimate.io pseudo-anonymous reputation system, with two-party escrow functionality including staking and bonds. This technology enables intimate.io to offer a secure payment solution for business operators, service providers and consumers to provide trust and safety to an industry that has been unable to rely on traditional mechanisms of payment and identification. intimate.io has so far raised $5.1 million for the further development of its open, distributed trust mechanism which will support providers of adult goods, content, interactive content and in-person interactions.



intimate.io has also lowered the minimum packet amount required to purchase ITM tokens in pre-sale to 10 ETH (previously 33 ETH), to involve more early supporters. Pre-sale participants will benefit from a 20% discount for purchases below 30ETH and 30% discount for purchases above 30ETH. The ITM token pre-sale will run until 5pm GMT on March 28. The ITM token public sale will open April 11, dependent upon clearing of tight KYC requirements.

“As we’ve presented our concept to industry and investors all over the globe, we’ve seen tremendous support build for intimate.io,” said Leah Callon-Butler, Co-Founder and Chief Impact Officer of intimate.io. “We look forward to growing the intimate.io community and ecosystem through our ITM token Pre-Sale, to deliver this much-needed trust mechanism and payment solution that will ultimately help the adult industry become a much safer, more inclusive and more secure place.”

The adult industry is one of the oldest in the world, yet it’s still largely unregulated. Sex workers and other service providers are often marginalized, and institutional bias has made it nearly impossible for this demographic to rely on standard mechanisms of payments and identification. By facilitating safe transactions to its partners through a decentralized payments network, intimate.io helps end the stigma and social exclusion that has long inhibited innovation in the sector.

By partnering with business operators and entrepreneurs, intimate provides solutions for the institutional biases that lead to denial of services, excessive merchant fees, frozen accounts, and social exclusion in the adult industry. intimate.io takes the traditional advantages of blockchain technology a step further by establishing reputation on a distributed ledger. This provides an open platform of trust providing pseudo-anonymous reputation, which solves the current trade-off between people’s desire to keep their personal data anonymous while also wanting the sense of trust and safety that comes with data disclosure and transparency. Intimate.io is launching with a network of content, interactive content, dating, novelties and love hotel brands worldwide.

ABOUT INTIMATE:

Intimate is a cryptocurrency facilitating payments and trust in the multibillion dollar adult industry, making it safer and more secure for all. Intimate provides an open, distributed trust mechanism for managing payments and reputation across all segments of industry, including interactive content, delivery, and services. For more information, please visit www.intimate.io

MEDIA CONTACT: Transform Group, intimate@transform.pr