Cumrocket crypto and NFTs

[AussieCosplay]

Hey!
So I'm super excited about Cumrocket (it's even owned by a young and very intelligent woman)!
I'm already earning Cummies on the discord but that's chump change compared to what's coming...
They're launching an NSFW NFT marketplace that will mean 85% profit with royalties on resales of your content.
They're also launching a subscription platform that'll be paid in cummies too.

The other exciting thing is that holding onto your cummies earns you more, as every transaction is taxed 5% (2.5% burnt forever and 2.5% redistributed proportionally to all holders).

I know this might sound a bit like a sales pitch but honestly I really see a potential to put more profit into our hands. Especially with the royalties being passive income.

I've applied for my first nft with them and it's queued for release, I'll update with how it goes once it's sold.

So far the development team have been very accessible and easy to speak to, they are listening to feedback and using it to improve the project.

Has anyone else done cummies content here and have more info?

 

[Lelo1]

I don't think it's 'taxed' at 5%, I think that's 5% is cumrocket exchange fee. Models still have to pay real taxes on earnings. Also that doesn't take into account the exchange fees, credit card fees. Which are both required to get to cumrocket. Or all the fees when the model tries to convert cumrocket back into money.

At the current exchange rates, when you add that all up, seems like about 14% in exchange fees. And that's not counting using the cumrocket's market place, which sounds like an additional 10% . And right now the market seems to be swinging back and forth at about 10%.

As a customer, not sure why I would consider using an unknown crypto currency. Which could be completely gone tomorrow. Why not just buy bitcoins?

 

[Evermoon]

In the 5% she was talking about, she meant that 2.5% are burnt and 2.5% are redistributed to all the holders, rewarding long term trust in the project. The 15% fee for the NFT is *temporary* and is only to pay the NFT minting and the in-house graphist and sound designer. Their goal is to build a marketplace where the models can decide by themselves what are the prices and the fees. Of course models will have to pay her taxes, but compared to the 20% Onlyfans is taking it's a breeze.

 

[AussieCosplay]

I don't think it's 'taxed' at 5%, I think that's 5% is cumrocket exchange fee. Models still have to pay real taxes on earnings. Also that doesn't take into account the exchange fees, credit card fees. Which are both required to get to cumrocket. Or all the fees when the model tries to convert cumrocket back into money.

At the current exchange rates, when you add that all up, seems like about 14% in exchange fees. And that's not counting using the cumrocket's market place, which sounds like an additional 10% . And right now the market seems to be swinging back and forth at about 10%.

As a customer, not sure why I would consider using an unknown crypto currency. Which could be completely gone tomorrow. Why not just buy bitcoins?

Yeah I wasn't referring to government taxes, I was referring to transfer taxes to and from wallets.
Not sure what credit card fees you pay when buying crypto, I use debit and don't get any fees.
As for why not buy Bitcoins, by all means do!
But Bitcoin isn't making a porn marketplace/website with it's own currency alongside it.
This circumvents payment processors that are notorious for dropping sites or giving terrible exchange rates on international transfers.
I already pay $20 whenever I cash out on OnlyFans or MFC. Both are subject to fiat fluctuations, which isn't deflationary.

I understand that you have reservations but with years of experience doing this as a job, I can see this solving major problems in our industry.

 

[AussieCosplay]

In the 5% she was talking about, she meant that 2.5% are burnt and 2.5% are redistributed to all the holders, rewarding long term trust in the project. The 15% fee for the NFT is *temporary* and is only to pay the NFT minting and the in-house graphist and sound designer. Their goal is to build a marketplace where the models can decide by themselves what are the prices and the fees. Of course models will have to pay her taxes, but compared to the 20% Onlyfans is taking it's a breeze.

Oh and don't forget 40% fee on Manyvids plus $50 to withdraw on paxum now that they don't do wire transfers to some countries.

 

[Smores]

Can someone explain how an NFT would be used on this platform? Say the model creates a video and wants to sell licenses to view that, as is currently done on clip platforms like ManyVids. How would an NFT apply here? A "non-fungible token (NFT)" would normally be used to represent a permanent ownership interest in something. Like if I own a home and there are non-fungible tokens representing 100% of the equity of that home, then selling the NFTs is a way of buying and selling pieces of the home equity. How would that apply to a video recording? The model does not want to sell any partial or total ownership rights to the video?

 

[Kenny777]

I think CUMMIES is just trying to jump on the hype for NFT and Crypto farming. When they get enough investment they probably build their roadmap but for now it's just another meme/shit coin. I just checked their NFT marketplace but can't see anything.

It might be actually worth building a streaming platform on a decentralised network like THETA and rewarding those who help validate and moderate hosts and customers. In turn reducing costs associated with existing streaming platforms cause I think CB charges like up to 50% I read? CB I noticed has quite abit of lag when streaming which makes me wonder who I am chatting too sometimes.

 

[Sxmxr]

Crypto is bs I don’t buy into any of it. But stocks and invest in retirement accounts.

 

[Lintilla]

No way I'm even going to google something called "Cumrocket", because there's no way I'd ever use something that had me asking people to send me "cummies". So if the team needs feedback, that's mine. Terrible, tacky name.

 

[AussieCosplay]

Can someone explain how an NFT would be used on this platform? Say the model creates a video and wants to sell licenses to view that, as is currently done on clip platforms like ManyVids. How would an NFT apply here? A "non-fungible token (NFT)" would normally be used to represent a permanent ownership interest in something. Like if I own a home and there are non-fungible tokens representing 100% of the equity of that home, then selling the NFTs is a way of buying and selling pieces of the home equity. How would that apply to a video recording? The model does not want to sell any partial or total ownership rights to the video?

I think of them as digital trading cards. The buyer owns the trading card and can sell it on, which gives the model a royalty payment each time it's sold. It's illegal to copy and sell copies though.
As always that behaviour is hard to police.

I like the idea that it'll open up a market of rare porn reselling, that would potentially mean ongoing passive revenue for creators.

 

[AussieCosplay]

I think CUMMIES is just trying to jump on the hype for NFT and Crypto farming. When they get enough investment they probably build their roadmap but for now it's just another meme/shit coin. I just checked their NFT marketplace but can't see anything.

It might be actually worth building a streaming platform on a decentralised network like THETA and rewarding those who help validate and moderate hosts and customers. In turn reducing costs associated with existing streaming platforms cause I think CB charges like up to 50% I read? CB I noticed has quite abit of lag when streaming which makes me wonder who I am chatting too sometimes.

You can't view the nft marketplace without a connected wallet.
They are currently selling a few different NFTs including some from quite famous performers.
I guess once V2 of the marketplace comes out, we'll all see how it goes.
I'm really hoping that it achieves the goal of putting more of the profits into the creators pockets.

 

[MontyBurns]

Crypto is bs I don’t buy into any of it. But stocks and invest in retirement accounts.

Hey! Have you heard about instant cryptoexcahnge company ChangeHero? It is an easy service to transfer your cryptos! Very safe and anonymous platform!