While Onlyfans Plans to Ban Adult Material, Crypto-Fueled Onlycoins Project Swoops in to Support Sex Workers
One project called
Onlycoins, an online content subscription service that uses cryptocurrencies for payments, believes this is “crypto’s biggest opportunity” and the project wants to seize the day. The Onlycoins digital content marketplace offers the same features as Onlyfans and it “allows creators to sell content freely as long as it complies with legalization.”
The project is a multi-crypto asset endeavor that allows creators to earn bitcoin cash (
BCH), bitcoin (
BTC), ethereum (
ETH), binance coin (
BNB), dogecoin (DOGE), litecoin (
LTC), monero (
XMR), dash (
DASH), uniswap (UNI), and the Coinflex’s flex USD token. Not only does the platform allow for payments in crypto, but the platform also beats the competition when it comes to commission rates. For instance, Clips4sale charges a whopping 40% commission, Pornhub 32%, Manyvids 30%, and Onlyfans charges a 20% commission from its user base.
“Onlycoins has an opportunity to swoop in to support sex workers and online creators,” the project’s
press release published on Friday details. “The porn industry has been embracing crypto payments and there is a chance the project could be in the perfect place to fill the void left by Onlyfans’ exit, and grow into a more dynamic, inclusive platform that goes all-in on cryptocurrency.”
The Onlyfans ban begins on October 1st, and from then on the firm will block any video or photographic depictions of “sexually explicit conduct.” Nudity is still allowed on Onlyfans and the company says it will be releasing more information on the subject in the near future.
Since it was launched, the project
Onlycoins has had a number of users on the platform regularly. The press release further details that registering for the crypto-powered digital content marketplace only requires an email to get started. This past March, the popular Youtuber and Bitcoin Cash supporter,
David Bond, published a
video about the Onlycoin project in order to show his 520,000 Youtube subscribers how it works.
The platform Onlycoins believes the ban is “crypto’s biggest opportunity” and the project is ready to take the stage.
news.bitcoin.com