SpankChain

SpankChain ​Core ​is ​comprised ​of ​smart ​contracts ​and ​tooling ​which ​provide ​the foundational ​functionalities ​necessary ​to ​operate ​a ​streaming ​or static ​content ​distribution application, ​namely ​a ​user ​profile ​system ​and ​payment ​capabilities.

The ​SpankChain ​Services ​layer ​contains ​a ​suite ​of ​ancillary ​services ​which ​add ​enhanced functionality ​to ​applications ​built ​upon ​SpankChain ​Core, ​including ​payment ​channel ​hubs, age ​verification, ​live ​video, ​an ​ad ​network, ​an ​affiliate ​network, ​indexing/search, ​and ​an interface ​builder.

SpankChain ​Applications ​exist ​on ​top ​of ​SpankChain ​Core, ​leveraging ​various ​SpankChain Services. ​The ​applications ​layer ​is ​a ​collection ​of ​branded ​interfaces ​that ​tie ​together underlying ​pieces ​of ​the ​ecosystem ​to ​attract ​paying ​audiences. ​The ​SpankChain ​team ​will develop ​the ​ecosystem’s ​first ​application, ​a ​live ​cam ​site ​aptly ​named ​SpankChain.

SpankChain ​utilizes ​a ​multi-token ​economic ​model, ​beginning ​with ​the ​SPANK ​token. SPANK ​is ​a ​staking ​token ​which ​can ​be ​utilized ​to ​mint ​alternative ​tokens, ​offering ​specific payment ​and ​governance ​rights ​throughout ​the ​SpankChain ​ecosystem. ​The ​multi-token model ​is ​designed ​to ​abstract ​away ​ecosystem-wide ​coordination ​processes ​from mechanisms ​which ​meter ​platform ​usage ​rights.