Alphabit Backs Adult Industry Platform Intimate’s Initial Coin Offering

intimate is on a mission to make the adult industry, like porn and “dating,” safer with Blockchain technology. And why not? The pornography industry was the first sector of the internet to actually make any money and, well, “dating” is the oldest profession in the world, so I have been told. intimate is in the middle of a pre-sale initial coin offering (ICO) that has raised $5.1 million so far, including the most recent investment from Alphabit, a market-leading digital currency fund with a reported  $1 billion in total investments. intimate wants to provide distributed trust between consenting parties including content and other services.

 

“Alphabit invests in projects that are solving real-world problems with blockchain technology, and intimate is breaking down barriers to financial services for a traditionally underserved demographic. This is the exact use case crypto has been waiting for,” says Alphabit CEO Liam Robertson.

Leah Callon-Butler, Co-Founder of intimate, says that Alphabit’s support is indicative of the value it sees in using Blockchain to drive social change while unlocking revenue that may be blocked by some banks.

“Individuals transacting in the adult industry services deserve the same financial services that other industries take for granted,” says Callon-Butler.

Sextech is Hot

Initial partners with intimate include Urban Resorts, Paul Raymond Publications, Safe, GBG, BaDoinkVR, Emojibator, and Rendevu. intimate has enlisted a series of advisors including some adult services advisors like dominatrix and “sexual trainer” Charlotte Rose.

intimate believes that by partnering with business operators they can provide solutions for the “institutional biases”. intimate wants to offers an alternate payment option for workers, suppliers, and customers, providing a level of trust and security and perhaps some anonymity. No need to worry about those credit card statements.

intimate is looking to raise $24.5 million in total. There will be a 100 million token supply with 60 million going to the crowdsale. If you are interested in participating in the pre-sale you may send them an email. US citizens, sorry you are not allowed.


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