Blockchain company, Vice Industry Token Inc. has begun work on portals for Exxxtasy.com, ErosArt.com, Ebabe.com, Goldmembers.com and SteamHub.com as the company readies the launch of its minimal viable product (MVP) in April 2018.
There are more than a dozen digital coins aimed at the adult industry, but currently none have a live product, and furthermore, none of them address the ongoing issues facing the industry, such as dwindling revenue from content and the dreaded fees that cam models pay.
“The buildout of these portals brings us one step closer to addressing the challenges for the industry and enabling a new model to emerge,” said Vice Industry founder and CEO Stuart Duncan. “We are getting ready to revolutionize the adult entertainment industry.”
In addition, Vice Industry also announced a new partnership with CorGTA, a Toronto-based IT staffing and consultant firm, which will work with VIT on sourcing personnel for advanced blockchain and big data development.
The Vice Industry Token (VIT) is a blockchain-based platform for the adult entertainment industry. VIT functions as two things: a platform where users can view content, and a cryptocurrency system in which anybody who participates (in viewing, adding or curating content) gets paid with VIT.
The VIT platform rewards fans for watching content with VIT tokens, which they can redeem for discounts on premium content and other services from affiliated websites. Vice Industry partners include major brands Penthouse and Exxxtasy.
VIT raised $22 million in Ethereum less than 24 hours after launching its token crowdsale on Feb. 20. The crowdsale continues until March 20.