NEW YORK — Adult social network Sharesome.com has announced the debut of the ERC20 Flame Token (XFL), with a massive crypto airdrop to early adopters.
The Sharesome platform beta launched in January of this year and has reported exponential growth, doubling its user base every two months, as content creators drive traffic and sales to their paysites.
According to the company, in the first 48 hours of the token’s availability, more than 150,000 people signed up to the airdrop on FlameToken.io, while 23,000 joined the Telegram group — making this one of the biggest airdrops of any token.
An NSFW platform that already uses the Flame Token for tipping content creators and for buying ads in the form of promoted posts on the website, Sharesome’s CEO Tudor Bold says that Flame is quite different from most other cryptocurrencies because its underlying community — Sharesome.com — has already been built.
“Our approach from the beginning was to build the product first, then launch the token, then ask for money — and not the other way around,” Bold says. “We already started selling Flame Tokens on Sharesome.com and with the airdrop, we create the buzz and liquidity that will kick-start a revolution in the adult industry and enable e-commerce for all adult content creators.”
Bold says Sharesome planned on giving away 525,000,000 XFL through the airdrop on FlameToken.io, but because the tokens where exhauster in less than three days, the company doubled the initial amount to 1,050,000,000 XFL. Users can sign up with their email address and immediately receive 500 XFL and the Flame Token airdrop also includes a referral program where participants receive 1,375 XFL for every person they refer. The referral amount will drop as more people join the campaign.
The Flame Token is designed to allow tipping, content bounty campaigns and to purchase ads on Sharesome.com. While for many content creators today, selling content and ad revenue is the main source of income, the ad market is going through rough times. Companies such as Sharesome are therefore betting on alternative monetization sources for content creators, such as tipping, which relies on small voluntary user contributions that add up to larger amounts. Therefore, the company created the “Flame Button” on Sharesome.com, but it also can be seamlessly integrated into any other site as a plugin through a simple code snippet, allowing visitors to tip XFL through their Sharesome account.
The Flame project also includes a bounty campaign system, through which users can create democratic voting pools that act as a reward for successfully hunting specific types of content. Participants vote for each submission with Flames and the content that stays in the top slot for three days straight is declared a winner and the XFL reward goes to the person who submitted that content.
As with other social media sites like Twitter, Facebook and Instagram, users can purchase sponsored posts (in this case, with XFL) to promote their content. The only difference is that Sharesome allows and encourages NSFW-content, unlike Instagram, which is well known for its approach to pictures of nipples, or Facebook, which is known for locking users out if they post an NSFW picture.
“What we basically do is to bring social media to porn, and crypto to social media,” Bold declares. “Even though porn is a 100 billion dollar industry that generates 30 percent of the internet’s traffic, there is no social media site for adult content creators and their audience.”
“The Flame token is poised to revolutionize how the entertainment industry is monetized,” Bold adds, “making it easier for people to reward quality content and increasing revenue for content creators.”
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