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SpankChain

SpankChain

SpankChain (Symbol: SPANK) is a decentralized adult entertainment platform with integrated payments and self-sovereign identity, powered by blockchain technology. By building their SPANK and BOOTY tokens on top of Ethereum, Spankchain has developed an innovative payment system that is unrestricted and free from censorship. [4] [3] [22]

The protocol was founded by Ameen Soleimani and William Bentley de Vogelaere in 2017. [4]

Product

Spankchain's main product is a website where adult performers can host their webcam shows and viewers can pay directly using Ether and Ethereum tokens. By using Ethereum's smart contracts, Spankchain ensures sex workers, who regularly suffer from having accounts frozen by traditional banks and PayPal, gain financial independence. [4]

Token Supply & ICO

The SpankChain Genesis Contract minted a total of 1,000,000,000 SPANK tokens.

On October 31, 2017, SpankChain raised 19,840 ETH (worth $6 million at the time) by selling 300,043,386 SPANK during their Initial Coin Offering (ICO).160,000,000 SPANK were distributed to founding team, team members, advisors, and early contributors. 539,956,614 SPANK will be reserved for platform subsidies, industry partners, strategic incentives, and additional fundraising. [10]

Awards & Accomplishments

In October 2018, Spankchain won Utility Token of the year at Ethereum's DevCon 4 in Prague.

See also

References

[1]
Citation Linktwitter.comSpankChain on Twitter
Dec 25, 2017, 7:10 AM
[2]
Citation Linkyoutube.comSpankChain on YouTube
Dec 25, 2017, 7:11 AM
[3]
Citation Linkgithub.comSpankChain on GitHub
Dec 25, 2017, 7:20 AM
[4]
Citation Linkspankchain.comOfficial website
Dec 25, 2017, 6:53 AM
[5]
Citation Linkforbes.comHow SpankChain, An X-Rated Blockchain, Wants To Be Porn Stars Go-To Cryptocurrency
Dec 25, 2017, 6:57 AM
[6]
Citation Linkreddit.comSpankChain on Reddit
Dec 25, 2017, 7:02 AM
[7]
Citation Linkcoindesk.com2018 article on SpankChain.
Feb 9, 2018, 11:32 PM
[8]
Citation Linkspankchain.comProducts page of the SpankChain website
Sep 26, 2018, 6:55 AM
[9]
Citation Linkspankchain.comSpankChain company website
Sep 26, 2018, 7:24 AM
[10]
Citation Linkspankchain.comSpankChain FAQs
Sep 26, 2018, 7:35 AM
[11]
Citation Linkwww.youtube.comSpankChain: ICO Launch Video w/ Kayden Kross
Sep 26, 2018, 7:14 AM
[12]
Citation Linkwww.youtube.comSpankchain's CEO, Ameen Soleimani, provides a demo of SpankChain's payment channels
Sep 26, 2018, 7:15 AM
[13]
Citation Linkwww.youtube.comSpankChain Token Sale Auction Walk Through
Oct 16, 2020, 4:08 AM
[14]
Citation Linkwww.youtube.comSpankChain Token Sale Explainer w/ Kayden Kross
Oct 16, 2020, 4:07 AM
[15]
Citation Linkwww.youtube.comGeneral State Channels - Counterfactual Instantiation Overview
Oct 16, 2020, 4:08 AM
[16]
Citation Linkwww.youtube.comGeneral State Channels - Counterfactual Instantiation Code Walkthrough
Oct 16, 2020, 4:07 AM
[17]
Citation Linkwww.youtube.comSpankChain's Presentation from the Ethereum Community Conference (EthCC) | March 10th, 2018
Oct 16, 2020, 4:08 AM
[18]
Citation Linkwww.youtube.comWhat is Ethereum?Explained by Pornstar Brett Rossi
Oct 16, 2020, 4:07 AM
[19]
Citation Linkwww.youtube.comJoseph Lubin & Kavita Gupta discuss SpankChain | Ethereal Summit 2018
Oct 16, 2020, 4:07 AM
[20]
Citation Linkeveripedia-storage.s3.amazonaws.comCo-founder Ameen Soleimani accepting Utility Token of the year at DevCon 4 (October 2018)
Nov 5, 2018, 9:17 PM