Since raising $6 million in a 2017 initial coin offering (ICO), porn startup SpankChain has differentiated itself from the token-sale pack by actually delivering a platform with thousands of users.
Revealed exclusively to CoinDesk, SpankChain boasted 6,136 active users as of October, and has paid roughly $72,422 in cryptocurrency to 31 webcam models since the site launched in April. Several freelance SpankChain performers say they are now earning more on SpankChain than any mainstream porn site.
“I crunched the numbers,” performer River Sunshine, who has been camming for five years, told CoinDesk. “I was making on three sites combined, six percent of what I made in the same 30-day period on SpankChain.”