As the current wave of crypto innovation seeps into various domains of technological interest, it comes as no surprise that the use of altcoins is being viewed with much potential within the adult entertainment world. Eroiy is an all new “blockchain-based cryptocurrency” that has been designed particularly to serve as an incognito payment method for adult content.
More About the Eroiy Platform
According to market data, it has been found that adult entertainment industry currently rakes in over $100 Bn USD per annum. Thus, to cash in on this segment, Eroiy is offering its customers with a payment platform that is discreet, safe and fast. It can be used for making payments for a wide variety of online content, including videos, e-commerce related goods, gadgets, tools, live streams and chats.
Some of the other key aspects of this system include:
(i) Premium Content:
Eroiy is designed to help weed out duplicated adult content from the web by making all videos, images, services accessible only via specific secure channels. Such privacy cannot be ensured by conventional payment services as they usually make use of centralized servers.
A key facet of this service is its ability to provide customers with payment means that are absolutely anonymous and safe. Owing to the fact that this platform is completely decentralised, customers can be sure than no third party snooper can ever see who has made a particular payment within the blockchain.
(iii) Data Protection:
All of the videos, audio content is stored within non localised servers which cannot be hacked into easily.
(iv) Financial Protection:
Another important benefit of using Eroiy is that it helps protect users from financial fraud via the use of a ‘native currency governed ecosystem’.
Other Key Facets to Consider
(i) Low Transactional Fee:
When compared to banks and other payment services like PayPal that charge users heavy processing fees (per transaction), Eroiy is quite cheap and reasonable.
(ii) Non Traceable:
As mentioned earlier, unlike payment methods such as Credit Cards, Debit Cards which can easily be traced back to a person, this platform allows for complete anonymity.
(iii) Integration Capacity:
According to the official company whitepaper, Eroiy allows for complete technical integration that is required across “hardware and software platforms”. Not only does it solve key problems related to payment delays and liquidity issues, but it also allows makes monetary transfers easy via the use of methods such as:
- mobile payments,
- cross-border transactions
(iv) Unique Design:
Another interesting aspect of Eroiy is that it is based on the “NEM blockchain protocol”. As a result of this, it is able to provide cost effective transfers via the use of specialised “smart contracts”.
(v) Immediate Exchange:
The native currency has the capacity to be seamlessly exchanged into other fiat + digital assets.
(vi) Strong Industry Connections:
One of the biggest advantages of this technology is that it has linked up with a “chain of adult entertainment companies” that have agreed upon using Eroiy coins for payments within their websites’. For example, the platform will be fully usable within the EUROWEBTAINMENT network (which is one of the largest adult entertainment platforms in the world today).
As is clear by now, the platform will be making use of a native token to handle all transactions within its ecosystem. The currency will be called EroiyCoin and will be abbreviated as Eroiy on all online currency exchanges.
In all, there will be a total of 2 billion tokens that will be created. Out of this figure, only 1.2 billion tokens will be released for commercial purchase. The goal of the company is to raise a total of USD 48 million.
Additionally, in terms of purchase, a wide array of currencies can be used for making payments including : Bitcoin (BTC), Ethereum (ETH), Dash, Litecoin, XEM, as well as other FIAT payment modes.
At this point, it should also be mentioned that investors from the following nationalities cannot participate in the ICO: United States, Singapore, People’s Republic of China, Socialist Republic of Vietnam or residents of a country where American embargoes and sanctions are in force, namely Iran, North Korea, Syria, Sudan, or Cuba.
- Pre Sale: this phase is scheduled to start on the 30th of January, 2018 and run till the 28th of February 2018 .
- ICO: this is the main sale event that has been schedule for launch on the 1st of March 2018 and go on till the 31st of March 2018. All of the purchased coins will be delivered as soon as the payment is received.
In terms of coin pricing, we can see that 1 Eroiy will be sold for USD 0.08
Distribution of Eroiy ICO Tokens
As per the official whitepaper:
- 60% of the entire Eroiy pool will me made available during the Presale + ICO.
- 20% of the tokens have been set aside for use by company management (for setting up things such as incentive campaigns etc).
- 5% have been set aside for doling out rewards to club members, network participants etc.
- 5% will be used for distribution via referrals.
- 5% will be made available to company lawyers, strategic partners and advisors.
- The remaining 5% will be used for misc purposes (contingency etc)
Eroiy ICO Allocation of Budget
- 50% of all raised revenue will be used for IT development and implementation
- 10% has been set aside for marketing and advertising use.
- Another 10% will be used for the development of a homegrown merchant network.
- 5% of the funds will be used for blockchain engineering and testing
- 5% will be used for licensing and regulatory requirements
- 5% of the funds will be used to cover for salaries, wages, legal and commercial expenses. advice
- 5% has been reserved for additional research and development
- The remaining 10% will be used for the creation of a reserve fund.
For any further details regarding this platform, users can get in touch with company representatives either via email, or through the live chat feature provided on the official company website.