Spank.live - an adult video platform, powered by SpankChain. This resource is an Ethereum-based payment processor in the adult entertainment industry. To motivate development funding and accelerate growth, the team launched an ERC20 token on the Ethereum blockchain with the discovery of a resource. At the moment, the video platform is in the process of improvement.
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Spank.live and project update
Spank.live - the first and main site on the SpankChain platform, built for adult entertainment. RoadMap is not available for review. The project does not have a WhitePaper, where you can find out about the idea of the project. You can find information about the development process on social networks Twitter and Instagram. Frequent problems arose during the account management phase. Since many users lost key phrases, which led to the lack of access to the account. In view of this, it was decided to devote all efforts to finalizing the project, but under the SpankClips name.
There are 2 more sections on the SpankChain platform - SpankPay and SpankBank. This separation is often inconvenient for users. Therefore, the team decided to combine these sections into one resource in a new product. The main planned improvements can be identified:
| 1 | The ability for models to download and monetize all existing content. |
| 2 | Access to content 24/7. |
| 3 | Assembly with built-in SpankPay integration. |
When tweaked, the service will include top profiles, offline tips, favorite artists, tagging, search and discovery, and more.
Token on Spank.live
SpankChain uses a dual-use token model. The service token - SpankCoin and the bonus token - BootyCoin. The resource token was produced in a limited amount of 1,000,000,000 SpankCoin. Although SpankCoin helps to pay for purchases, the main advantage - the ability to generate a BOOTY token. By keeping this token as a dividend, you receive a bonus token. For this, the main token will be frozen for the period you specified. The longer the freeze period, the more bonuses you will receive. In the future, you can pay commissions and fees on the platform with these tokens.
Transactions on SpankChain
To make it easier to track income, you can have all received payments in one currency. By default, your income will remain stable in USD. Therefore, if you earn $ 20, you can withdraw that amount no matter what cryptocurrency you received the payment in. Right now, earnings in USD will be converted to ETH upon withdrawal. If you choose a currency for payment, you also need to take into account the possible conversion, in case the currencies are different. You will be able to withdraw your BTC and ETH earnings in BTC and ETH, and your USD earnings will also be converted to ETH upon withdrawal. You can choose from the following currencies:
- USD (default);
- Ethereum;
- Bitcoin.
To select your payment currency, simply log into SpankPay and click on “Settings”. Change your holding currency to the one you want. Please note: by choosing ETH or BTC, you are accepting the volatility of those currencies. Choosing USD will keep your balance stable, but it will be charged as ETH.