Adult Website Tube8 Reward Viewers With Crypto Tokens
Tube8, which is a subsidiary of Pornhub, is rewarding its viewers with cryptocurrency tokens. The adult video service platform partnered with the Vice Industry Token (VIT) to pay viewers for interacting with its services.
User paid with VIT tokens for streaming porn
This information was reported by Hard Fork, which added that the partnership is geared towards fully tokenizing Tube8’s platform.
Tube8 as a streaming platform will integrate VIT tokens onto its website and reward visitors for watching or also interacting with adult videos.
The spokesperson for the platform, Robin Turner during an interview with Hard Fork stated that getting paid to watch porn was always a pipe dream. He further stated that:
Now, however, with the introduction of VIT, we are marking a paradigm shift in how people consume adult entertainment … Whereas before users would log in, watch a few videos and leave, VIT incentivizes them to create an account and interact with the content to generate Vice Tokens.
Before the launch of the tokens, the CEO of VIT Stuart Duncan revealed that the platform has concluded plans to move from the ethereum blockchain to a forked version of the Steem blockchain called graphene.
Turner added that VIT makes use of delegated proof of stake and is fully decentralized. The platform is the only true working fork of Steem in existence.
Tube8 isn’t the only platform to integrate VIT tokens. Playboy TV and Stormy Daniels have also added the token to their platforms. The duo announced earlier this year that they would make use of the VIT token as a reward system for their viewers.
Pornhub integrated Verge and Tron
Back in April, Pornhub and Verge announced a partnership which will see the adult video platform accept the cryptocurrency. Verge cryptocurrency is anonymity-focused, which is why Pornhub executives say they chose it over other potential partners.
Pornhub vice president Corey Price back then stated that:
The volatility of crypto is concerning for subscriptions with recurring payments. As such, at present, we aren’t offering it for recurring payments, though we are in the process of working to do so. Our services have fixed prices in fiat so the value in cryptocurrency will change.
Two months later, Pornhub announced that it would be accepting Tron (TRX) and ZenCash (ZEN) as a payment option on its platform.
Despite the high volatility of cryptocurrencies, Pornhub is looking to integrate them as they believe that decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum.