Sexcoin, the cryptocurrency, was founded by Chinsu in the year 2013. It is the first type of cryptocurrency specifically created for use in the online sex industry. The symbol of this cryptocurrency is SXC and it is one of the older virtual currencies. While it has drawn criticism for the speed of its development and a lack of promotion, it has outlasted many other coins.
Every second 28,258 users view adult material on the web and as a result the adult entertainment industry generates approximately 96 billion dollars annually. In fact, this is the starting point for creating a cryptocurrency specially designed for the purchase of Cybersex online. Virtual sex is a multi-million dollar business.
Usually, cryptocurrencies have limited numbers of coins; so Sexcoin also has limited numbers of coins and is also used for trading. You can exchange this cryptocurrency with Bitcoin or other cryptocurrencies in the exchange market. Also, this cryptocurrency has made its way to the list of top thousands of cryptocurrencies.
This is a project based on open source software, as there is no one “owner" or "administrator". The developers chose the name because it tells you that with the cryptocurrency, you can make private and secure transactions for everything related to sexual services or products. It is one of the oldest coins but due to lack of promotion, it has caused disinterest of users and ranks quite low.
Currently, it has a market capitalization of just over $ 64,000 and is ranked 233 in the CoinMarketCap. SexCoin developers do not seem intimidated and continue to believe in the future of their currency. The currency is intended only for the cybersex industry and so it hopes to leverage the possibility of personalized service to customers."
Overcharges are avoided because the recipient does not pay any commission and the issuer pays only 0.001 sexcoins per transaction. There is a payment system that allows you to purchase specific content without the user having to subscribe for months at a single porn site.
Quite simply the developers of Sexcoin believe in its potential and are willing not only to build the infrastructure it requires for widespread adoption in the industry, but also take the time to ensure product quality and security.
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