Fornicoin is the payment and access control solution that the adult industry has been waiting for. It has long been known that payments for adult services and products are difficult – credit cards are unreliable and creators often end up cheated.
Introducing Fornicoin. Fornicoin is a peer2peer digital currency. Fornicoin eliminates the need to trust banks or credit card companies. You have the power to know where your money is at at all times. Furthermore, Fornicoin is not just a digital currency. It is a specialised currency aimed at creating a marketplace around the adult industry that is secure, private and does not require trust of any other party.
Fornicoin facilitates payment of content producers in a discrete way ensuring both producers and creators are anonymous but at the same time, ensuring efficiency in the payment process.
Payment on the Fornicoin network is private. You never submit your private data so nobody can access it. You will never have to worry about embarrassing credit card bills anymore.
As a result of the direct nature of the Fornicoin network, content producers and consumers can deal directly without an intervening third party. This makes transactions faster,
cheaper and more secure.
Funds are transferred instantly giving you access to the content you want in a matter of seconds and paying the content creator at the same time. All transactions can be publicly verified.
Our content partners provide special access to limited edition material that they will personally create or curate. You thank them by using Fornicoin and promoting a good relationship in the adult space.
The power of the blockchain serves as the spine for the Fornicoin project. Specifically, Fornicoin uses Ethereum’s blockchain to securely implement its token platform. Using a cryptocurrency allows users to remain discrete, prevent chargebacks, purchase and verify instantly and much more. For more information on the technical details that allow us to do this, please read our whitepaper.
The content producers that we will be partnering with include adult merchandise, webcam models, subscription services, online video and limited edition additional content.
Looking closer at what is currently happening in the industry, copyright enforcement now seems to be an insufficient method to recoup costs and turn a profit.
Consumers appreciate the direct connections to performers, making the experience highly personal and more engaging than static content. For an audience that is constantly searching for new ways to intensify the consumption of content, interactivity is a valuable addition.
Last year, he says, his bank pulled his business account. “Moral standards” was the reason given
Fornicoin is an Ethereum-based decentralized payment network for the adult industry. Fornicoin unlocks the power of the blockchain and enables users to access and produce content in a private, instant and fast manner.
Current payment mechanisms are expensive, insecure and slow. Fornicoin fixes these issues through a decentralized, trustless network of content producers and consumers. This relationship allows the market to thrive.
Details will be released just before the start of the Fornicoin presale on 29 December.
After the ICO, you will need to purchase Fornicoin tokens on an exchange to participate or directly from another holder of Fornicoin.
There will be no token creation, minting or mining after the ICO period.
Fornicoin holders do not need Ethereum to pay for transaction fees. A small share of Fornicoin tokens are instantly swapped by the smart contract in order to facilitate your transaction.
Presale: 29 December 2017 – 5 January 2018.
ICO: 5 January – 20 February 2018.
ICO Fund Utilization: 70% Fornicoin Reserve, 15% Fornicoin Transaction Fee Reserve, 15% Operational Expenses, Exchange Listing and Marketing
Fornicoin (FXX) Token Distribution: 75% Crowdfunding Participants, 12% Fornicoin Team, 6% Fornicoin Partners and Early Adopters, 5% Token Advisors, 2% Bug Bounty.
After the ICO has completed, you will be able to transfer your funds however you want. The Fornicoin team also plans to list Fornicoin on several exchanges.