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February 9, 2018

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THE FEATURE

Why Crypto Needs to Start Talking Seriously About SpankChain

On New Year's Day, Giselle Palmer, scantily clad, turned on her webcam, and started her sexy show.

Offhandedly she told her hundreds of viewers that she had studied computer science and math in college, and from that moment on the chat room was filled with questions about non-sexy topics from computer science to calculus. If that seems strange for a group watching a camgirl seductively striptease — it normally would be, but Palmer was posing in front of a group of crypto enthusiasts.

"I don't think Giselle was prepared for how nerdy our community is in crypto," said Ameen Soleimani, CEO and co-founder of SpankChain, a blockchain-based startup focused on the adult entertainment industry, which sponsored the show as a technical stress test.

As the mathematical comments continued, eventually Palmer teased the audience, asking what they wanted to get out of the cam session – boobs or math?

"There was just a wall of people being like 'Math! Math! Math!' in the chatroom," Soleimani said.

He called it a hilarious experience, one that aligns with how most people (that only hear about the idea at a high level) view the project: hilarious in that it mashes together something geeky with something explicit.

But that'd be callow way of looking at the project.

While there's been a handful of adult entertainment-based ICOs proposed, SpankChain is the one that gets mentioned privately fairly regularly, primarily because the project's underlying technology – running micropayments through payment channels – is solid.

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