The global sex industry is a thriving business with an estimated 40-45 million sex workers being part of the industry with annual revenues of around $ 200 billion. However, due to unfavourable legal status and discrimination against sex workers, a major chunk of this market consists of illegal prostitution.
The Hussy project aims to solve the existing challenges faced by the global sex industry by creating a decentralized infrastructure for due diligence and escort services. The Hussy project aims to build an ecosystem where women are in control of their sexuality, including consensual sex in exchange for money with an ability to establish a fair price, timing and and circumstances of the sexual act. The Hussy project provides solutions which offers pseudonymised but verifiable 'KYC (Know Your Customer) Compliance', 'Professional Health Certification' and 'Proof of Consent' stored on the blockchain network.
KYC Compliance - KYC (Know Your Customer) verification ensures that sex workers are of legal age and are legally in the country. All service providers (i.e. sex workers) would be asked to provide personal identifiable information along with a selfie with their passport. A confirmation attested by the authority [i.e. KYC Certificate] will be issued to the blockchain network.
For clients, the KYC verification is optional.Health Certification - All service providers registered on the Hussy platform will have to undergo regular health checkups from certified health examiners. The result of such checkups will be sent to competent authority for due diligence and attestation. After examination, the result would be certified by the authority [i.e. STD (sexually transmitted diseases) Check Certificate] and issued to the blockchain network.
Proof of Consent (PoC) - This is an experimental feature on the Hussy platform, where the service provider and client provide and acknowledge the consent by issuing a PoC (on the blockchain) in the form of QR code and signed by their private codes respectively.
Flexible Fee Schedule - Services can be advertised by service providers on the Hussy platform, either for free or by paying an optional fee. The higher the fees paid by the service provider, the more advertisements (of the service provider) shown to the clients.
Clients' Security Deposits - Service providers can choose to accept request from only those clients who have locked a certain amount of tokens in a smart contract. The smart contracts on the Hussy platform will be written in Solidity programming language, externally auditable and deployed on the Ethereum blockchain network.
The client' security deposit mechanism helps in eliminating 2 types of unwanted clients (i.e. 1. "Time wasters" and 2. "Abusive clients") through the token burning process.
HUSSY PROJECT' PRELIMINARY ROADMAP
HUSSY (HUS) TOKENS
The HUS Tokens will be the utility token used on the Hussy platform. The Hussy ecosystem will be hosted on the Ethereum Blockchain Network and the HUS tokens will be ERC-20 compatible tokens.
The HUS tokens would be used to pay for advertising fees on the Hussy platform. However, HUS tokens couldn't be used to mediate between service providers and clients. Further, HUS token holders won't be entitled to share profits of the HUSSY OU company.
The total supply of HUS tokens will be limited to 100 million tokens.
ICO Details
Name - HUSSY
Symbol - HUS
ENS - https://etherscan.io/address/hussytoken.eth
Soft Cap - $ 2 million
Hard Cap - $20 million
The HUS token sale will be carried out in two phases - Private and Public
Private Sale
No. of HUS tokens sold - 10 million HUS
Minimum contribution - $ 5,000
[Note: - US investors are not allowed to participate in this sale process. Privately negotiated bonuses are also offered during this sale phase]
Public Sale
Start Date - 1st Jan '19 ||| End Date - 31st Jan '19
No. of HUS tokens sold - 50 million HUS
Minimum contribution - $ 10
Pricing - 1 HUS = $0.36
HUS Token Distribution
Product Development (30%)
Marketing (20%)
Mergers and Acquisitions (20%)
Reserve (20%)
Legal (5%)
Administrative (5%)
CONCLUSION
Thus, the Hussy project is one of the most promising and conceptualized projects which strives to disrupt the sex industry by creating a decentralized infrastructure for due diligence and escort services. The solutions provided by Hussy offers pseudonymised but verifiable 'KYC compliance', 'health certification' issued by certified health examiners and 'Proof of Consent (POC)' stored on the blockchain network.
For more information on the Hussy project, kindly refer the following links: -
Website - https://hussy.io/
Whitepaper - https://hussy.io/app/assets/whitepaper.pdf
BitcointalkANN Thread - https://bitcointalk.org/index.php?topic=3593624.0
Follow on Telegram - https://t.me/hussy_io
Follow on Twitter - https://twitter.com/hussy_io
Like on Facebook - https://fb.me/hussy.io
Follow on Reddit - https://www.reddit.com/r/hussyio/
Follow on Instagram - https://www.instagram.com/hussy.io/
Published by 'Sameer S'
Bitcoin Talk Profile:- https://bitcointalk.org/index.php?action=profile;u=1978491
Disclaimer: - Kindly conduct your due diligence before making your decision on this project from the investment and legal perspective.