Since the mid-2000’s, the sex industry has turned into one of the most profitable markets in the world. To put things into perspective, the porn industry currently rakes in a staggering US$97 billion annually, which is more money than the MLB, NBA, and NFL combined.
Besides the number, with there being so much free pornography available on the internet, it is very difficult for many adult content providers to earn money for their creations. The issue of piracy is heavily prevalent within this domain, as most adult material tends to get duplicated and make the rounds on various websites quite quickly. In addition, the sex industry falls under a number of trades, such as the sale of legal cannabis, controlled by morality clauses, which means that porn stars and porn-related businesses can easily have their accounts shut down by banks and other financial institutions. This means that most adult entertainment performers and sex workers are forced to operate largely with cash and are unable to access many of the services that are facilitated by the established financial system.
Blockchain technology promises to revolutionize a number of industries and it has made its way into the most obscure sectors of society. It's not surprising that some innovative minds have seen the value that Blockchain technology offer to the Adult industry.
Blockchain offer a truckload of benefits. As transactions on the blockchain are community-driven and anonymous. Since everything is governed by smart contracts, When using blockchain platforms, it is much easier to make payments for audio/visual content. It will become harder to steal content from websites since only users who have purchased the required number of tokens are granted access to a particular audio/video file. In addition, blockchain transactions are pseudonymized, which means that each transaction has a sender and receiver, but transactions cannot be traced back to any individual person.
Meets VogoV! VogoV is a decentralized interactive adult entertainment studio in Los Angeles, founded by Markus Dupree, an award winning actor and male performer of 2018. VogoV is an already-functioning studio that produces and distributes high-quality content in 4k and 60fps as well as VR videos.
VogoV, found online at https://vogov.io/, is changing the way the adult entertainment business model works by supporting the principle of decentralization in the decision-making process. VogoV unified adult-industry cryptocurrency that provides much more utility than just being a payment method. In VogoV, every token holder can vote on the content being produced. Scenarios, participating actors and actresses, and other aspects of production will be voted on within the voting charter.
VogoV offers the industry the much-needed services it is in need of. By taking into consideration the unconventional and oftentimes negatively judged views towards involvement in this industry, an approach without the presence of a middleman involving payments and transactions is a necessity.
VogoV develops OgoShift that is an adult-industry cryptocurrency infrastructure composed of a merchant account, a cryptocurrency wallet, a marketplace and an exchange. By interconnecting these four important parts of the adult entertainment industry, OgoShift will allow for the selling and buying of adult oriented goods and services in a cost effective and timely manner.
The studio is launching the public sale of OGO coin. OGO coin will be derived from a standard Ethereum ERC223. It's means that OGO can be held, sent and received by any ERC223-compatible wallet. The token total supply is - 75,000,000 OGO. Tokens will be allocating in the following manner: Token Sale 76%, Ecosystem Development 13.3%, Founders 3%, Team 3%, The company 4%, Community campaigns 0.7%.
For more information about VogoV, OgoShift and OGO coin, you can visit online at https://vogov.io/ or visit the whitepaper available at https://vogov.io/VogoV%20White%20Paper%20v1.0.pdf?v=1.0.1.
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