Vice Industry Token Explained - VIT Cryptocurrency

Let’s talk about Vice Industry Token @ViceToken and the Real Story about getting Paid to Watch Porn

I spent my weekend pulling up some scenes that I licensed out previously and uploaded them to the new website touch.tube — the first site to officially integrate Vice Industry Token (VIT for short).

Vice Industry Token Explained - VIT Cryptocurrency

I’m sure many of you know by now, in the very new future Mike South (this very website) will be using VIT, rewarding those who comment on our posts.

You’ll be rewarded with Vice Industry Tokens, a cryptocurrency, not unlike Bitcoin. Because so many really don’t understand what cryptocurrency is, I thought it important to give a brief explanation.

Something I hear a lot from people who don’t understand what cryptocurrency is, is the phrase “What can you buy with it?” or the variation, “Crypto is worthless you can’t buy anything with it.

The answer to that is simple … what can you buy with a share of stock from Apple or IBM? Nothing. You invest in those shares and hope they increase in value, and if they do, you sell them for money. Hopefully, you sell those shares for more money than you paid for them in the first place. And it’s with that money you made from selling your stocks that you can buy stuff.

Cryptocurrency works the same way. You buy it on the open market. Instead of buying shares in a company though, you are buying tokens. Every token has a value that like stocks goes up and down.

The most expensive publicly traded stock of all time is Warren Buffett’s Berkshire Hathaway (BRK.A) which is trading at $324,999 per share. That’s up significantly from the October 24, 2017 price of $285,950 a share. So if you bought a single share of BRK.A on October 24, 2017, for $285,950 and sold it today for $324,999 your profit would be $39,049.

Cryptocurrency works the same way, only you buy tokens instead of stocks.

While there are about 4,000 stocks actively traded on the NYSE or Nasdaq, right now there are about 1,960 cryptocurrencies. Just as every stock has a value that goes up and down, the same goes for cryptocurrencies.

Sites like CoinMarketCap keep up with these ever-changing crypto market values. Unlike the stock exchange that is only open Monday through Friday until 3 pm EST, excluding holidays – the crypto market is open 24 hours a day, seven days a week, so values are always fluctuating.

Right now, according to the CoinMarketCap website, a single Bitcoin is selling for $6,502.96. Now you don’t have to buy a whole Bitcoin. You can invest smaller amounts. For example, last March I bought $30 worth of Bitcoin when the price was $8,678.19. The price of Bitcoin now is $6,502.96. That means I purchased 0.00322763 BTC. That means my BTC is now worth $20.99. In other words, on that investment, I lost money – actually my investment has lost value since technically I Haven’t sold it yet. It happens. Ideally though, like stock, you want to buy low and sell high.

Vice Industry Token works the same way.  Right now the current value of VIT is $0.007652. It’s up in value 16.70% in the last 24 hours. It is ranked 719 (in price) out of the 1,960 other cryptocurrencies.

So now that you have a basic understanding of how cryptocurrency works let’s talk about this whole get paid to watch porn thing.

When you interact or engage with content on sites like touch.tube, your engagement earns you VIT. You earn these tokens for uploading videos you own the rights to, and for making comments on other people’s uploaded videos.

If someone makes an interesting comment, you can “like” the comment. That too is an engagement and factors into the earning process for both you and the person who made the comment. They are calling likes, votes. But basically, if you make a comment, the more people who like it, the more value that comment is worth.

But now let’s talk actual value. I uploaded a video featuring a little-known porn starlet from the UK named Tammie Lee having sex with a guy while another creepy guy off to the side watches.  Within an hour I had already made 90 VIT. One person commented on it while two people liked the video.

I don’t know the formula for earnings, nobody does but what I do know is that in the last hour that video has earned me $.69. Okay sure that isn’t a ton of money but that’s in just the last hour. It will continue to earn more over time. 24 hours later in fact, that same video has now earned me 1,199 VIT. That means if I were to sell the VIT I earned from uploading that one video, I would have earned $9.17.

Another guy who had a much better video that I did, earn 4,273 VIT in the 16 minutes his video has been uploaded.  That’s $33 in 16 minutes!

The most I’ve earned from a video so far is 3695 VIT. That’s $28.27 in the last 24 hours. Not much but I wasn’t expecting to become a millionaire from this. $10 here, $20 there – it all adds up.

In all, I’ve made $94.30 from VIT, after having just uploaded five videos in the last 24 hours.

Are you going to become mega-rich from this? Of course not. Well, I guess you could but it’s not likely. This is not meant to be a get rich scheme. It’s mean to say hey, you are watching porn anyway, here’s a little extra pocket change for you if you watch it at our website.

I will say this though, at the current rate, performers probably earn way more than you would by trying to sell your videos on sites like Clips4Sale or ManyVids.

Now let’s talk about piracy. Touch.tube isn’t a normal tube site. Because there is a serious financial risk if you are caught uploading videos you don’t own the rights to, it’s far less likely some dumb ass is going to steal content and upload it. If they are caught, they not only won’t get paid for what they uploaded, but they risk losing their entire VIT account, and all the money in their wallet.

A VIT wallet is shared across every website that uses the VIT platform. That means you’ll have the same wallet at touch.tube, that you will have at Tube8.com, StormyDaniels.com, and Mikesouth.com.

So if you work hard to earn vice tokens on those other sites, then go to touch.tube and get caught uploading content you don’t have the rights to, you will lose all of it and that’s a big risk for some.

That in itself should discourage piracy. Then again some people are idiots so you never know. We’ll have to wait and see how that plays out.

For now, everything is still new. That means they are activating accounts very slowly. Things will speed up in time but for now, expect delays. And because this is a new technology, expect some glitches and quirks here and there.

This is a revolutionary technology that while it has been tested before at sites like SteemIt.com. This is the first time anyone has done it in the adult industry and in this way.

Although we are still weeks (or more) away from bringing VIT to MikeSouth.com, if you want to get in on the action earlier, you can signup for your VIT wallet at touch.tube. Just don’t expect to get approved right away. They are approving accounts in small batches right now. Give it time, have patience and in the end I promise you’ll be glad you did.

BTW you can find me over at touch.tube as Kelli! Be sure and follow me there and like my videos. 🙂

 

 

4 Replies to “Let’s talk about Vice Industry Token @ViceToken and the Real Story about getting Paid to Watch Porn”

  1. mharris127

    I signed up for VIT through touch tube. Kelli, using your link in this article a message came up to deposit 1500 VIT. That isn’t much to risk ($11.48 at the rate you quite in this article) but there weren’t any instructions on how to buy the VIT to deposit. I also don’t understand how to use the site once I am approved. Each video has a VIT amount in the description. Are we buying the movies or scenes for that amount (maybe eventually by using VIT earned via commenting on this site) or is that the amount the copyright owner has earned so far from the site? It would be nice if they put a FAQ section on the site with the appropriate questions answered.

  2. Kelli

    I asked about that. I had purchased it with Etherium I had from MetaMask. But I think in the very near future you won’t have to do that 1,500 VIT seed thingy. I was set up for starter accounts to weed out the spammers. In the meantime, if you want to check it out, go to https://medium.com/metamask

  3. Kelli

    Just an update on my progress, those 5 videos have now earned me $271 in about a week – based on the value of VIT as of this posting. That’s far from what other guys are earning though. This one guy has made 75,646 VIT from one video that he posted a day ago. For those doing the math that’s $446.32.

    It wasn’t even that great of a video. Itw as some no name girl who didn’t speak English, sucking on a lolly pop and then gave a guy a blowjob. I really need to up my game when it comes to screencaps. I really think that’s what is drawing them in.

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