SpankChain SPANK

$0.0372
Market Cap $ 11.177 MM (#319)
24h Volume $ 27.828 K
Chg. 24h: -10.95%
Algo. score 3.5/5  (#211)
Show Quick Stats

SpankChain project purpose and description

SpankChain clarity of purpose

SpankChain purpose and aspects

SpankChain intends to deliver a decentralized adult social network with integrated payments and self-sovereign identity.

SpankChain additional differentiation against competition

SpankChain utilizes a multi-token economic model, beginning with SPANK. SPANK is a staking token which can be utilized to mint alternative tokens offering specific payment and governance rights throughout the SpankChain ecosystem. The multi-token model is designed to abstract away ecosystem-wide coordination processes from mechanisms which meter platform usage rights.

SpankChain categories

AdultSmart contractsPlatform

Short description

SpankChain is a revolutionary blockchain based economic and technological infrastructure for the adult industry. Built on Ethereum, our smart contracts allow us to eliminate third party intermediaries and unfair payment practices while providing more powerful privacy and security.

Abstract

In ​this ​paper, ​we ​present ​SpankChain, ​an ​adult ​entertainment ​ecosystem powered ​by blockchain ​technology. The ​SpankChain ​ecosystem ​possesses ​a tiered ​architecture ​featuring ​three ​layers: SpankChain ​Core, ​SpankChain Services, ​and ​SpankChain ​Applications. SpankChain ​Core ​is ​comprised ​of smart ​contracts ​and ​tooling ​which ​provide ​the foundational ​functionalities necessary ​to ​operate ​a ​streaming ​or ​static ​content ​distribution application, namely ​a ​user ​profile ​system ​and ​payment ​capabilities. The ​SpankChain Services ​layer ​contains ​a ​suite ​of ​ancillary ​services ​which ​add ​enhance functionality ​to ​applications ​built ​upon ​SpankChain ​Core, ​including ​payment channel ​hubs, age ​verification, ​live ​video, ​an ​ad ​network, ​an ​affiliate ​network, indexing/search, ​and ​an interface ​builder. SpankChain ​Applications ​exist ​on ​top of ​SpankChain ​Core, ​leveraging ​various ​SpankChain Services. ​The ​applications ​layer ​is ​a ​collection ​of ​branded ​interfaces ​that ​tie ​together underlying ​pieces ​of the ​ecosystem ​to ​attract ​paying ​audiences. ​The ​SpankChain ​team ​will develop the ​ecosystem’s ​first ​application, ​a ​live ​cam ​site ​aptly ​named ​SpankChain. SpankChain ​utilizes ​a ​multi-token ​economic ​model, ​beginning ​with ​the ​SPANK token. SPANK ​is ​a ​staking ​token ​which ​can ​be ​utilized ​to ​mint ​alternative ​tokens, offering ​specific payment ​and ​governance ​rights ​throughout ​the ​SpankChain ecosystem. ​The ​multi-token model ​is ​designed ​to ​abstract ​away ​ecosystem-wide coordination ​processes ​from mechanisms ​which ​meter ​platform ​usage ​rights. We ​also ​introduce ​a ​novel ​verification ​game ​called ​Proof-of-Spank ​to ​address underage model ​swapping ​and ​simultaneously ​incentivize ​active ​participation ​in the ​SpankChain ecosystem.

Link to Roadmap: https://spankchain.com/static/whitepaper.13abf6d4.pdf
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme