After a long tease, we are excited to share the first public release of the SpankChain Whitepaper. In it, we present our vision for a cryptoeconomic powered adult entertainment platform that we believe will upend the industry, removing rent-seeking entities from the equation.
We also announced an update to our token sale start time, to give the community adequate time to digest our model and sale structure. We look forward to hearing your feedback!
The SpankChain token sale will be conducted via a two-week long custom, single-round, blind, dutch, state channel auction system which eliminates blockchain network congestion and also allows our team greater flexibility to determine the price and quantity of tokens sold. The auction will now begin on October 31st, 2017 and end November 13th at 10:00am PST.
The SpankChain team is currently accepting indications of interest for our token sale, via a pre-sale event which will run until the start of the public sale. Pre-sale participants are eligible for a 20% bonus SPANK token allocation. Complete details on how to participate in the pre-sale can be found here.