Vice Industry Token Announces Crowdsale

LOS ANGELES—Vice Industry Token, an adult entertainment platform where viewers can watch videos, and a cryptocurrency—where anybody who participates (in viewing, adding and curating content) will get paid with VIT's proprietary cryptocurrency—has announced a crowdsale is scheduled to begin on Tuesday, Feb. 20th. The price is set at $0.05 per VIT token, with a minimum of 2000 tokens, or about $100. There are two billion tokens available for the crowdsale. More information can be found on their website, and whitepaper. The creators of Vice Industry Token say they are creating a breakthrough in the adult industry, where everybody who accesses the platform will be rewarded, including producers, distributors "and most importantly, viewers." "Vice Industry Token represents a profound change in the adult industry," the company said. The original paradigm in adult entertainment was that people paid for the content they consumed, either by subscription or pay-per-view. With "tube" websites becoming popular, there was a shift towards free viewing, according to VIT. "Free was good, it's just not good enough anymore," said Vice Industry Token CEO Stuart Duncan. Backed by some of the top names in the adult entertainment world, Vice Industry Token said it will deliver consumers content they want to see, while enabling them to get paid just for watching it.