LOS ANGELES — SpankChain, boasting 6,136 active customers, paid 31 cam performers more than $72,000 in cryptocurrency since the site launched in April.
SpankChain, which raised $6 million in an initial coin offering last year, revealed those numbers to CoinDesk, which featured an article on the growing blockchain-based cam platform.
In the piece, published today, several SpankChain models offered testimonials, claiming that they earn more on the site due to low transaction fees and because of its extraordinary way it collects payments through ethereum-based Spank tokens
Broadcaster River Sunshine, who has been camming for more than six years, said she “crunched the numbers,” and “I was making on three sites combined, six percent of what I made in the same 30-day period on SpankChain.”
Molly Mae Meow, another six-year veteran, said she too makes more money on SpankChain, which only charges performers five percent of their earnings compared to the standard 50 percent across the industry.
“I think a lot of members appreciate that I’m getting almost the whole amount of it,” Meow said. “I was a little skeptical about all of it at first. But now I really, really love crypto.”
“Giving models that much power in your site can be very beneficial. You’re not just working on the site, everyone on the site is also working for you.”
The broadcasters both said that the typical customer is a veteran crypto fan, one who is less demanding and open to more diverse content, including some BDSM fare that is oftentimes banned with credit card processors.
“I love doing some taboo shows and I can’t do that on other sites without the fear of getting shut down,” Meow said.
Sunshine said: “I feel more in control of my money than I did using the banks and payment processors on other sites.”
