In less than a month time a new token will come onto ICO that is a major step forward towards Steemit being an Eco-system token that works similar to Ethereum.
Vice is the first in its class of disruptors of the multi billion dollar Adult Industry.
What is the problem?
When I look at a new ICO to support, its generally not about get rich quick it has to be solving a problem. The problem with the Adult Industry currently is that the content creators get next to nothing for the work they produce. There are just too many hands in the pot.
The same revenue model has been in place for 100years, the audience pays to watch a piece of high quality adult entertainment. But a few decades ago, this changed as people became less inclined to pay to watch, so the media outlets started working with advertisers. This way people can now watch for free, but are bombarded with advertising, pop-ups and spam emails.
How will Vice fix this?
Vice have seen the potential with the Steemit model to reward content creators at the source for the content they produce. The viewer upvotes and curates quality content, which in theory weeds out the poor content. Same as Steemit here, you are also paid a curation reward. I'm not 100% sure of the split.
Are there partnerships?
Yes there is, its not relying on people uploading their mobile phone footage from lasts night frovilities. The vice team are already in partnership with powerhouse production companies such as Penthouse, Exxxtasy, Elegant Angel, Red Hot TV and a bunch more. So there will be high quality professional content there, as well as im sure amaetur content from budding stars and producers.
So Who's the Team
The team assembled with this company appears to be a good mix of professional adult industry executives such as Kelly Holland a Former director for Vivid and executive producer for Playgirl TV and Penthouse.
Link to Full Team
The tokens?
So there will be 4,000,000,000 Tokens created at the genesis block, of these 1Billion to be retained by the Parent company, 2 Billion to be sold on the crowd Sale, 600 Million for advisors, partners and presales and 400Million to be air dropped to Steem Holders at block 18500.
The token at ICO will be valued at USD$0.05 and there is a minimum purchase price of $100USD
Roadmap
The roadmap appears to be very short, which tells me that the team basically already has a working platform and the ICO is just the final step in launching a profitable business.
- Jan 11 Whitelist Pre-sale
- Jan 15 Pre-sale
- Feb 1 Launch of Crowdsale
- March 1 End of crowdsale and distribution of tokens
- June 1 Launch of MainNet
- July 1 Launch of Video Token Platform.
Token Storage
Vice will have its own wallet with internal marketplace. According to the whitepaper, it will be able to trade between other currencies that are also built on the graphene/chainbase/bitshares platforms.
Wrap up
So will I be investing, yes I most certainly will. This has nothing to do with porn, I don't care either way for that part. What I do care about is making money, and we all know that sex sells and that people having be paying for these products for a long time. With a 5c ICO this gives lots of room to give 100-1000X gains from the initial investment.
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