Vice Industry TokenVice Industry Token VIT news

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0.000286 USD / 0.00000004
0.00% / 0.00%
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160,744 / < 0.01%
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Playboy files a lawsuit against blockchain company over Vice Industry Token [VIT] dispute

Playboy, an American adult lifestyle magazine, has reportedly sued a Canadian blockchain company, Global Blockchain Technologies [GBT] under the accusation of breach of contract and fraud. According to the case filed, the blockchain company did not integrate blockchain technology on Playboy’s online portal. The case has been filed with the Los Angeles County Superior Court. Reportedly, the company entered into the agreement with Playboy in the month of March. The main agenda of the agreement was to implement a technology with which Vice Industry Token [VIT] could be accepted on the adult magazines online portals. The adult magazine had announced that they were looking into creating an online payment wallet for cryptocurrencies. The company was supposedly going to be the first to launch a wallet which supports cryptocurrency. This would have enabled Playboy to accept payments with cryptocurrency and mainly, Vice Industry Token. Vice Industry Token [VIT] aims to reward consumers to earn from consuming content which is free online. They have partnered with various adult industry players like DDBusty, StormyDaniels, AnalX. The most recent collaboration of the platform is Tube8. VIT has lost over millions of cryptocurrency because of the partnership between Playboy and GBT. On the topic of the feud, the CEO of VIT, Stuart Duncan stated that he is “very disappointed with Playboy”. He said that the adult industry company did not reach out to them for tokenizing their online portals even after providing them with millions of tokens. The CEO further adds that “maybe” they have a reason for a lawsuit against Playboy as the company had provided them with tokens which is almost equal to millions of dollars and there was no benefit from doing so. Duncan said that he has no knowledge regarding the details of the agreement between Playboy and GBT Playboy also claims that the blockchain company has not paid around $4 million which was also a part of the agreement. The adult magazine company has filed the lawsuit claiming for compensation. However, GBT has dismissed all the allegation of the fraud calling it, “frivolous” and states that the dispute as a normal dispute amongst the companies. Recently, Pornhub and Brazzers announced that they would be accepting Verge [XVG] as a mode of payment from their customers. Following which, the leading adult industries announced that they will also be accepting Tron [TRX] for payments. The post Playboy files a lawsuit against blockchain company over Vice Industry Token [VIT] dispute appeared first on AMBCrypto.

Pornhub’s Tube8 Brings Porn to Blockchain by Rewarding Viewers with Vice Industry Token

Porn Site Tube8 Will Pay You Crypto for Watching Porn It could be the best news in the history of the internet. Pornhub subsidiary Tube8 just announced plans to pay users crypto in exchange for watching pornography. With over 150 million page views per month, Tube8 is one of the leading websites in the Pornhub family. Now, Tube8 wants to reward your porn-viewing habits with cryptocurrency. To do that, Tube8 is moving its entire platform on the blockchain. The news comes from Hard Fork, a subsidiary of The Next Web, which claims to have received an exclusive note. “…the company revealed it has entered an agreement with Vice Industry Token (VIT) that will see its platform entirely tokenized. The collaboration will enable users to earn VIT tokens for streaming and interacting with Tube8 videos.” Tube8 is expected to implement VIT into its ecosystem before the end of 2018. If successful, the implementation would make Tube8 the first major adult platform to adopt a token-based reward system and legitimately reward its users for watching pornography. You know there’s a catch. Of course there’s a catch. So what’s the catch? What’s The Catch? “For as long as I can remember, getting paid to watch porn was always a pipedream; one that was always dreamed about, but never fully realized,” Tube8 spokesperson Robin Turner told Hard Fork in their exclusive interview. “Now however, with the introduction of VIT, we are marking a paradigm shift in how people consume adult entertainment,” Instead of forcing users to pay money to consume content, Tube8 will pay users to consume free content. The more porn you watch, the more money you’ll earn. What’s The Catch? Tube8 has not yet released details of the program or how it will work. However, we expect there to be one big catch: the platform would likely set certain reward limits to prevent users from gaming the system for profit. However, Tube8 claims there won’t be a “catch” in terms of spending and using the Vice Industry Token. There won’t be any additional fees, for example, or high minimum withdrawal limits that would prevent users from accessing their legitimately-earned tokens. So why would Tube8 and Vice Industry Token partner? How is anyone earning money in exchange for you watching porn? Well, it’s important to note that you’re not getting paid money. You’re getting paid Vice Industry Tokens, which are arbitrary digital tokens created on the VIT blockchain. Their value is derived entirely from what people are willing to pay for the token. If Tube8 and VIT give away too many tokens, and the token reward system is unlimited, then the tokens will quickly lose their value. Tube8 and VIT also expect the token-based incentive system to foster interaction within the community: “VIT offers Tube8 a way to reward their viewers by monetizing content through the VIT protocol,” Tube8 told Hard Fork in the interview. “Whereas before users would log in, watch a few videos and leave, VIT incentivizes them to create an account and interact with the content to generate Vice Tokens.” Anyone will be able to earn VIT and anyone will be able to buy VIT. It will be the first token designed specifically to tokenize the consumption of adult content on tube sites like Tube8. This Isn’t The First Major Partnership Announced by Vice Industry Token Vice Industry Token (VIT) has previously made headlines across the adult entertainment community. Earlier this year, VIT collaborated with Stormy Daniels, the former porn star and current stripper who was famously bribed by Donald Trump’s legal team to keep quiet prior to the 2016 election. Vice Industry Token’s team also made headlines when Playboy announced plans to integrate the token back in May. However, Playboy’s plans for VIT implementation later fell through. In fact, Playboy has filed a lawsuit against the team that was scheduled to implement VIT into Playboy’s ecosystem – Global Blockchain Technologies (BLOC). Tube8 has 10 million registered users and 150 million page views per month. It’s one of the largest and best-known tube sites on the internet today. By combining the tube site with cryptocurrency, Vice Industry Token’s team could have a home run. Does VIT Have The Capacity For Tube8’s Traffic? Tube8 has 150 million monthly visitors. Does Vice Industry Token have the capacity to handle this type of traffic? Does any blockchain have the capacity to handle the monthly load of a porn website? Ethereum, for example, can handle just 15 transactions per second, while BTC can handle about 7. That’s far fewer than what’s needed on a website like Tube8. Vice Industry Token has plans to scale to accommodate modern adult entertainment websites. The development team plans to migrate to a forked version of the Steem blockchain (Graphene), which can purportedly handle 100,000 transactions per second. The VIT token itself, meanwhile, is an ERC20 token on the Ethereum blockchain, which means it’s unlikely to be able to handle the capacity of Tube8 in its current form. The VIT development team will need to solve these problems going forward. Fortunately, the VIT Steem blockchain hard fork is in active development. The team is working to make it bug free before migrating the token to the VIT mainnet. Which Tube Site Will Be Next To Implement Crypto? Tube8 is a subsidiary of Pornhub. If token integration is successful on Tube8, then it’s not a stretch to suggest that the entire Pornhub network could be next. That network includes major names like YouPorn and RedTube, along with the flagship website Pornhub. That could potentially represent enormous traffic on the VIT network. Tube8 amasses a modest 150 million monthly visitors. YouPorn, however, brings in almost 360 million monthly visitors. RedTube has 510 million, and Pornhub gets a whopping 2.8 billion monthly visitors. Final Thoughts The porn industry has long been one of the earliest adopters of new technology – including virtual reality technology and even 3D technology. Porn famously fueled VHS adoption back in the 1970s, then did the same with DVDs in the 2000s. It shouldn’t be a surprise that a major porn website would be the first to create a blockchain-based rewards system. If cryptocurrency is going to go mainstream, then we need the porn industry – and Tube8’s adoption of Vice Industry Token (VIT) could be the first step.
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Pornhub Partner Site Tube8 Announces Partnership With Vice Industry Token

Tube8, a Pornhub subsidiary with over 150 million page visits every month, wants to incentivize consumers’ porn-watching habits with cryptocurrency. The company revealed it has entered an agreement with Vice Industry Token (VIT) that will see its entire platform tokenized. The collaboration will enable users to earn VIT tokens for streaming and interacting with Tube8 […] The post Pornhub Partner Site Tube8 Announces Partnership With Vice Industry Token appeared first on Hacked: Hacking Finance.
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Twitter Spoof: BitConnect 2.0 to Return in July; BCC Token to Rise from the Crypto Graveyard?

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MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2%

MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2% A vote about whether to decrease the so-called stability fee for MakerDAO’s ethereum blockchain-baseddecentralized stablecoin DAI has started. The vote was announced on the organization’s blog on May 17. If approved, the latest proposal would decrease the stability fee by 2% to […] Cet article MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2% est apparu en premier sur Bitcoin Central.
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Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance

Bitcoin bulls have turned out to be more relentless than the most have predicted from its historic prices. However, the fundamentals around Bitcoin [BTC] seem to be stronger than ever with the Bitcoin virus apparently spreading to the east now. Mati Greenspan, the senior market analyst at eToro tweeted, “BTC on the move again… Asian market certainly doing their bit today.” This is coming after a huge pullback on 17th May 2019. A Bullish Marubuzo with was seen in the 0: 00-4: 00 Hours UTC on 19th May as the market broke above $8000 again. This the second time the market has attempted to break it after a huge correction. BTC/USD 1-Day Chart on Bitstamp (TradingView) The other four performing coins Opening Price: $6968 Closing Price: $8109 The weekly gains: 11% Weekly High/Low: $8390/$6178 Binance [BNB] Coin Binance [BNB] coin was trading in the red in the last week’s update trading around $20. Nevertheless, the token started picking up value again as normal operations began at Binance Exchange after the hack. This week Binance also initiated the process of burning token from the Ethereum blockchain to process them on the native Binance Blockchain. BNB/USD 1-Day Chart on TradingView Opening Price: $20 Closing Price: $29.5 The weekly gains: 40.6% Weekly High/Low: $32.2/$19.9 Stellar [XLM] Stellar’s rise was higher than most coins during the week as it held gained 35% on a weekly scale. The Stellar validators were reportedly shut down for two hours on 15th May 2019. As Bitcoin continued to correct and rise, Stellar held it gains above 0.00001750 BTC. XLM/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $0.10 Closing Price: $0.14 The weekly gains: 46% Weekly High/Low: $0.16/$0.117 Ethereum [ETH] Ethereum has been the top performer in leading altcoin gains in terms of total market capitalization. The total market capitalization of Ethereum is above $25 billion. It still accounts for more than 10% of the total capitalization of cryptocurrency markets. Also Read: Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run ETH/USD 1-Day Chat on Coinbase (TradingView) Opening Price: $188 Closing Price: $259 The weekly gains: 38% Weekly High/Low: $281/$185 Tezos [XTZ] Tezos [XTZ] has been one of the best performing coins of the year. It has gained more than 100% before the bull run on Bitcoin began. The gain was influenced by the Coinbase allowing Tezos [XTZ] as the first coin which could be staked/forged on the Coinbase Custody platform. It was on the rise again this week as the market seems to have broken bullish since the beginning of the month. It broke above $1.75 as it set sights on to $2. XTZ/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $1 Closing Price: $194 The weekly gains: 25.4% Weekly High/Low: $207/$157   XRP, Dash, IOTA, and Cosmos [ATOM] The almost all altcoins were in the green on a weekly scale. While the above-mentioned cryptocurrencies rose higher than the rest, XRP, Dash, IOTA, and Cosmo [ATOM] also registered more than 20% gains. The gain in XRP was considerable as it broke above the $18 billion market capitalization. Moreover, the weekly rise is about 25%. The dominance of XRP over cryptocurrency market is about 7%. The rise of Dash, IOTA, and ATOM is 21%, 31% and 23$ respectively on a weekly scale. XRP/USD 1-Day Chart on Bitstamp (TradingView) *The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation. **The data is taken at around 11: 00 Hours UTC on 19th May 2019.  The post Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance appeared first on Coingape.
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