Community Update — 17th October 2023
Market Update:
2023 has been a tough year for crypto and adult-related businesses. Crypto, in general, has been down, and we’ve witnessed the downfall of other adult crypto brands/platforms. The adult industry has been hit hard by the global Cost-of-Living Crisis. Disposable income has shrunk due to rising living costs, resulting in decreased sales, web traffic, and overall spending within this market. Nevertheless, we’re adapting to these challenges, preparing for the next crypto boom. Despite the market conditions, we’ve noticed some substantial Pleasure Coin purchases lately, showing promise and momentum.
Pleasure Guide:
Our education platform is nearly ready for launch, with different learning tracks (Beginner, Intermediate, Expert), classes by PolyAnnie, a glossary, documentation, and a blog section coming soon. We plan to add progress tracking and rewards for course completions in the future. This is just the beginning; we will keep improving it and collaborate with creators and influencers to offer videos, step-by-step guides, and walkthroughs. Cedrik and the team are working tirelessly to get this out in the next few weeks. Watch this space.
Merchandise Store:
Version 1 is in the final testing stage, ensuring top-notch quality and timely delivery. We’ll start with a limited range of items and expand based on demand. Look out for some great discounts on selected items on launch. We’ll explore more products as per demand and other ideas, guided by Jason and the product team.
Social Media Growth:
Despite the challenges, our social media presence continues to grow. More impressions, followers, and engagement across our platforms (Pleasurely & Pleasure Coin). This is crucial for our business growth, especially with the release of new platforms and products.
Stormy Daniels Dress:
The plan to auction the dress in Q4 remains on track but depends on market conditions and other factors, including the situation with Donald Trump. We’ll provide more details at the back end of October, preparing for a possible campaign in December 2023.
NSFW Pay:
We’re developing our crypto payment processing option for the adult industry. We’ve taken steps to implement quick wins while promoting Pleasure Coin ($NSFW) as a crypto token for the adult ecosystem. Advanced discussions with a tech company are in progress, potentially leading to Pleasure Coin’s availability as a payment coin on various platforms, without requiring extensive tech or legal development on our part. This could expand $NSFW’s reach into adult, gaming, and drug businesses.
Pleasureland.com:
To offset development costs, we’re exploring collaborations, including one with a well-regarded immersive virtual city dedicated to adult entertainment. This partnership may involve the Pink Tower prominently featured within their city, using Pleasure Coin as the adult currency, and exploring NFT opportunities. While market conditions have posed challenges, these collaborations aim to steady our progress.
Staking:
We’re revamping our Staking Program to ensure long-term stability. Your input is important, and we’re open to feedback and ideas. We plan to officially announce the new Staking Program within the next month, ready for rollout in January 2024, with proposed APYs for 3 months, 6 months, and 12 months.
In Conclusion:
Despite the challenges of 2023, our community support remains unwavering, and we’re committed to providing solutions for banking discrimination and restrictions in our industry. These may be tough times, but they are also bullish times, and our team is working hard to stand strong. Thank you for your loyalty and support.
