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- A new cryptocurrency called CumRocket (CUMMIES) has risen by over 634% in a single day.
- The whole project’s main aim is to provide blockchain services for adult content.
- It also aims to become a marketplace for non-fungible tokens in the near future.
- A new cryptocurrency called CumRocket (CUMMIES) has risen by over 634% in a single day.
- The whole project’s main aim is to provide blockchain services for adult content.
- It also aims to become a marketplace for non-fungible tokens in the near future.
One of the main challenges in the pornography industry is maintaining the anonymity of the content creators. A new project dubbed as CumRocket aims to harness the power of blockchains in ensuring that the identities of all stakeholders are protected.
Both users and creators of 18+ content can use this exclusive platform to trade their works where transactions occur with the crypto CUMMIES.
Massive single-day surge
According to statistics collected from coinmarketcap.com, the previous day saw the single biggest-day rise in the token’s history. Over the past 24 hour period, the market valuation of CUMMIES has risen over 634% in a wild buying frenzy bringing its total market capitalization to well above $140 million. Some analysts have taken to Twitter to analyze the cause behind the sudden explosion.
A Twitter handle that goes by the name of @CryptoWhale suggested that the primary reason for this explosion could be because extreme euphoria of investors who could be persuaded into buying any token. This, he says, is the worst part of the market bubble CUMMIES is now facing.
NFT marketplace
According to a roadmap released by the founders, the project’s main aim is to become an NFT marketplace by the second quarter of this financial year and not merely a meme-coin created in jest like Doge.
CumRocket tokens can be traded on the Binance Smart Chain with a 5% tax – 2.5%, which is automatically deducted, and the rest is equally distributed to the token holders. According to a whitepaper, the CumRocket platform strives to be a place where the identity of the content creators is securely maintained and protected. This, the founders say, is absent in any of the platforms at the current time.
It remains to be seen if the recent spike in the market price is just a bubble due to public euphoria and whether the token can maintain its bullish run in the coming weeks.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
