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PornX is the first Initial Coin Offering that is offering a cryptocurrency that will run through a decentralized lightning network solution.

The team behind PornX has proposed itself to help blockchain technology to spread into the daily life of individuals. But this can’t be achieved if one key sector is left behind. We are talking about the porn industry. PornX will unite two worlds in one online platform. The porn industry and the cryptocurrency environment.

Cryptocurrencies have important problems. To mention some of them, we have lack of usability, slow transactions and high fees. Furthermore, there is a lack of scalability in several networks that makes the problems even worse.

In addition to it, credit card payments also feature several problems. There can be a misappropriation of funds, restrictions of the economy and vulnerability to hacker attacks.

The solution that the team behind PornX thought about was the PornX Coin (PORNX) and the PornX Platform. Let’s have a look at them.

The cryptocurrency ecosystem will be represented with a cryptocurrency named PORNX. This cryptocurrency will be an ERC-20 coin based on the Ethereum network. But it is important to mention that it will use Lightning Network.

The Lightning Network is one of the most important features of this coin. Most of the cryptocurrencies today charge commissions for confirmation of transactions. As PORNX will be implemented in the Lightning Network, transactions will take less time to be processed and commissions will be near 0.

Furthermore, this cryptocurrency will make payments secure and anonymous. Investors that are having a look at possible investments may be considering PORNX to be one of the most promising ones.

According to different studies, porn sites receive more regular traffic than Netflix, Amazon and Twitter combined every single month. Moreover, the industry moves around $100 billion dollars annually and 12% of the revenue comes form the United States. In 2016, Americans dedicated around four and a half billion hours to watching porn on just one porn site in 2016.

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