LOS ANGELES — Coxxx Models has announced the launch of its Coxxx Coin (CXC) cryptocurrency, which it calls “a private secure decentralized currency based on the Ethereum blockchain.”
According to the company, in addition to fast transactions and low fees, Coxxx Coin fixes the monetary imperfections and financial discrimination of the adult industry, specifically when it comes to billing and banking.
Today’s ICO is the latest move by the licensed and bonded talent agency that has shown a unique approach to finances since it began in business in 2012 with a no-booking-fees policy that remains in effect today.
“Our goal has always been to maximize wealth and reduce overhead for companies as well as models. We believe we can take that to a whole new level with Coxxx Coin,” Coxxx Models/Coxxx Coin founder Conor Coxxx said. “I’ve been very intrigued by cryptocurrency for a few years now and the more I learn about it the more I realize the massive potential to improve the way money works for adult businesses.”
Coxxx Coin hopes to enable adult industry workers to collect and store a greater percentage of their earnings and to send money quickly with very little cost, all while avoiding the over regulation and high costs they are used to. Porn consumers can also benefit from the same advantages, and will see value in its anonymity.
Coxxx Models currently represents more than 40 models.