SpankChain (SPANK) is an ERC-20 token developed on the Ethereum blockchain for the adult entertainment industry. The SpankChain token is based on a multi-token economic model which gives the freedom to the content creators to use the tokens of their own choice (Eth, ERC-20 or others). The SpankChain tokens are used to generate the BOOTY tokens by locking down in the SpankBank. These BOOTY tokens are redeemable for $1 in SpankChain operational fees. The viewers can pay the models in ETH or anyShow more [+] other ERC20 tokens. The models need to pay the channel fees in BOOTY. SpankChain uses a Proof-of-Spank protocol to verify the performer and the content being provided. This protocol also helps to eliminate the age-verified models swapping underage models.
The Spankchain ecosystem comprises of the SpankChain core (smart contract & tools), SpankChain services (age verification, channel hubs, ad network, live video), and SpankChain Applications (branded interface for the underlying SpankChain services). The SpankChain also offers the advertising opportunity for the products and services.
The SpankChain was founded by Ameen Soleimani and Wills de Vogelaere. The technical team consists of 10 members. The advisory board consists of 4 members including Kayden Kross, a multiple award winner in the adult entertainment industry.