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Recently, supporters of Bitcoin Cash have been introduced into a new application that can compete with the content subscription service Onlyfans. The web portal Onlycoins is a service similar to Onlyfans, but creators can earn Bitcoin Cash by publishing high-quality content and attracting subscribers.
Popular Youtuber and BCH supporters David Bond Recently, he released a video about a new app for 501,000 subscribers that can compete with the popular content subscription service Onlyfans.
London-based Onlyfans basically allows creators to make money from their fans, while individuals can get paid through pay-per-view (PPV) features and one-time tips. Bond introduced a new application called Onlycoins to subscribers, the platform provides similar services, but uses BCH to pay, and will not reduce the fee by 20%. Because Onlyfans provides a platform for hosting paid content, the company has drastically cut user transactions.
Onlycoins is a digital content market where creators can get funds directly from fans just like the app’s competitors. The platform is indeed reduced because the commission for Onlycoins is 10% of Onlyfans.
The commission rate of Onlycoins outperforms all popular charging models on well-known websites such as Manyvids (30%), Pornhub (32%) and Clips4sale (40%). In addition, since the platform provides a BCH wallet for everyone, Onlycoins members can directly use Bitcoin Cash (BCH) to pay. Onlycoins did specify that the project is still in the Alpha stage and emphasized that only a small amount of BCH is currently deposited on the platform.
Signing up for Onlycoins only needs to receive an email, and then users can create their profile. Thanks to David Bond’s recent video and mentions on social media platforms such as noise.cash, the onlycoins.app website is already full of members.
Of course, similar to Onlyfans, Onlycoins promoted by BCH has a large number of adult-themed entertainment activities. Now, by browsing the website’s feed, the PPV function of getting pictures from many Onlycoins members may cost from US$0.10 to more than US$1 to unlock the content.
The Onlycoins developers also noticed that as development continues, the site may develop into a more “polished form” and the commission rate may change at that time. However, Onlycoins emphasizes “absolutely the intention to keep prices cheaper than any related competitors.” By leveraging peer-to-peer cryptocurrencies like BCH, the platform can easily continue to provide competitive commission rates.
What do you think of the Onlycoins application? Let us know your thoughts on this topic in the comments section below.
Picture Credits: Shutterstock, Pixabay, Wiki Commons, onlycoins.app
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