Pornhub Subsidary is planning to pay it’s viewers to watch adult content on their website. These rewards will be paid out in Vice Industry Token (VIT), although the exact method of distribution has not yet been determined. The token implementation is expected to take place by the end of 2018.
Playboy had plans to also implement Vice Industry Token as well, but are currently suing Global Blockchain Technologies (BLOC), claiming that it failed to integrate blockchain technology into Playboy’s online media channels. Playboy also claims that Global Blockchain Technologies failed to pay $4 million as promised as part of the agreement.
CEO of VIT, Stuart Duncan stated that the adult industry company did not reach out to them for tokenizing their online portals even after providing them with tokens worth millions of dollars.
VIT’s current affiliates are AnalX, DDBusty, ErosArt, HolosGirlsVR, Playmen, XRated, XXX Factory, and a few others.
Seems like VIT (Vice Industry Token) has started to gain traction as porn sites are starting to implement them on their websites. Only time will tell if rewarding users to watch online content will benefit not only the users, but the company itself.
Will update on the PlayBoy lawsuit as more news comes out.
Disclaimer:
(I own Bitcoin, Tron, EOS, Cardano, Steem and other crypto currencies. This is not financial advice. Please do your own research before investing in anything.)
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