PORNX - the first cryptocurrency for fast online payments in the porn industry

PORNX - the first cryptocurrency for fast online payments in the porn industry

What Is PORNX ?
PORNX Project combines the power of blockchain and smart contract to provide the paltforms and users of pornographic resources with an online payment tool for any paid services. With PornX, you can make payment securely and anonymously. The currency will be called PORNX and the rights belong to the company X-Wall LTD. With PornX mobile app you can make purchases via QR code, the mobile application will be compatible with Google Market and the Apple Store. The application is designed with the ability to store 15 popular currencies, later this figure will be more than 100 currencies. Also, the payment system will automatically be implemented on the site as a plug-in. The plugin will have a QR code for payment using cryptocurrency. The QR code will have the compatibility of all popular wallets, including our own X-Wall Wallet application.

Before i go deep down into PornX and how it works, i will quickly give an explanation of Cryptocurrency and Token for those that do not understand the what and hows of these terms. You can skip this part if you already do.

Currency for payment on porn sites.
PORNX is created as a decentralized ERC20 sign on the Ethereum, which will be used to pay pornographic content around the world using Lightning Network technology. 

Unlike today's payment solutions for cryptocurrency, PORNX will not be used in the usual Ethereum environment, where commissars charge a transaction confirmation fee.
PORNX - will be implemented in the Lightning Network, which will reduce the commission fee for the transaction and make the payment lightning-fast, comparable to Visa / MasterCard, while remaining anonymous and secure.

PORNX is a custom application token It has a cash equivalent and can be exchanged at any time in the mobile application X—Wall Wallet PORNX is designed to be used as the only digital cryptocurrency for paying pornographic content around the world.

Mobile app for purchases using QR code.
The Mobile X-Wall application will be compatible with Google Market and the Apple Store. The application is designed with the ability to store up to 40 popular currencies. In the future this figure will be more than 100 currencies.

Payment for fast purchases on the Internet through QR code, and using for payment TOP-40 cryptocurrency. Storage of new tokens, released on the basis of the ERC-20 protocol. In the future, it is possible to store new tokens released on NEM, XLM, NXT, EOS, NEO, Waves.

Payment system X-Q Pay on the basis of Lightning Network protocol for payment of cryptocurrency for pornographic sites
All transactions when paying by PORNX will occur in the payment system X-Q Pay, which implies confidentiality of payments, anonymity, security. And the minimum commission in the decentralized network of Lightning Network. The innovation of the X-Q Pay network is the acceleration of cryptocurrency payments without transferring ownership rights to third parties, as well as the consolidation of various cryptocurrencies into a single network with border points in the form of decentralized exchanges.

The difference between the X-Q Pay payment system based on the Lightning network from networks such as Visa and MasterCard is that anyone who wants a site to sell porn content can join it. This feature of «openness» is achieved through the use of smart contracts. It should also be noted that in the X-Q Pay payment system based on the algorithms of the Lightning Network, algorithms similar to the Tor network are constructed the way that recipient and sender of payment are not known to the hosts.

Lightning Network is a network of two-way payment channels that allows you to make many transactions without writing each of them to a block, that is, for exchanging the cryptocurrency outside the lock. The network is distributed, decentralized and built on the principle of a networked network.

One of the disadvantages is that it can only operate with criptocurrencies, over which the Lightning Network is built

This eliminates the problem of censoring transactions and violating the privacy of users, and also exclude the existence of a single point of failure. One of the defining features of the Lightning network is the ability to send currency to any member of the network through a chain of payment channels open between users, building a route from the recipient to the sender. 

Why is X-WALL Platform valuable?

A huge unoccupied market, with unresolved problems. The solution of these problems is the guarantee of the system's efficiency:
  • High speed payment which provide our payment protocols created by using blockchain technologies.
  • The ability to pay by scanning QR code using our mobile application and 20 partner’s applications.
  • 5 digital currencies for payment.
  • Payment transfers directly to the website owner to the company's current account.
How many tokens will be minted in total including crowdsale, reserve, and team?
  • The ultimate total amount of tokens minted is 350,000,000.
What currencies will be accepted in the Token Crowdsale?
  • The only currency accepted in the crowdsale will be ETH. If you have different cryptocurrencies suchas BTC you’ll have to exchange for ETH in order to participate.

Distribution Financial planning
  • Technical development of the project - 40%
  • Promotion of the project - 15%
  • Marketing - 18%
  • Integration partners - 5%
  • Operating expenses for the company - 5%
  • Salary fund before the release - 10%
  • Registration, patent development - 3%
  • Taxation and deductions - 4%
Token distribution
  • Pre-Sale - 5%
  • ICO - 70%
  • Bounty - 2%
  • Investors - 5%
  • Founders - 10%
  • Partners - 3%
  • Technical Core Team - 5%

Companies where our employees worked

For more information, see website Our WhitePapper

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