Sexcoin is the first industry specific cryptocurrency targeting the Adult Entertainment Industry. The developers chose the name Sexcoin because it best fits our goal to be the currency of private, secure transactions for all things Sex related.
Statistics show that the Adult entertainment Industry has an annual global turnover of 96 billion dollars, with 28,258 internet users viewing adult material every second which are essentially digital goods. These goods are generally worth little per item, which makes the industry eminently suitable for adoption of the micro transactional business model. Due to fees charged on each transaction with traditional payment systems the industry has struggled to adopt a micro transactional business model, which has been so successful in other online entertainment industries such as gaming and music and in some cases credited with reviving them. The micro transactional business model is also more attractive to the consumer as they are no longer fettered by time constraints imposed by the subscription business model, and can pay for only the content they want, when they want.
The micro transactional business model can be adopted in addition to the existing subscription model. As such it presents to the provider a low risk way of accepting additional payments, and increasing their customer base. It has the potential to allow customers to purchase material from promotional pages affiliated to the site, increasing points of sale.