Will BunnyToken Be Actually Profitable? - A Personal Opinion

The adult industry has been around since the dawn of time. If you read about ancient cultures like in China, India, and other cultures and civilizations, there is always some form of adult entertainment, fulfillment and other things related to sex.

I'm not sure how I feel about an ICO for the $103 billion adult industry (at least according to BunnyToken's website) since it's a very taboo subject for some in the Steemit community. On one hand, the industry that this ICO represents is the one that won't go away soon but rather grow even larger in this year and the year after. It's a massive industry that is as old as civilization exists, prostitution cannot be replaced by bots (for now).

BunnyToken is trying to provide an anonymous payment solution based on Ethereum for everything related to the adult industry such as porn websites and tubes, live webcam services, online sexshops, dating websites and applications, you name it! As of today, they've raised 9000 ETH in tokens and looking ahead for the next milestone of 10,000 ETH.

But on the other hand, Blockchain is quite hot right now and people are trying to implement it in every aspect of life wherever they see an opening. So it make sense that someone will apply Blockchain to the adult industry. If you read the whitepaper, you may conclude that this ICO doesn't really solve problems. One Quora answer I found even argued that the coins will be declared useless by the end of this year.

BunnyToken has a promise which stated that the price of their tokens will increase 1% daily, which for obvious reasons raised a red flag for some careful investors. Anyone that proclaimed their tokens will be the major cryptocurrency for a specific industry could be identical to a useless dotcom bubble. I mean, if I am an adult entertainer, I would rather be paid in BTC/ETH or other major cryptos than BunnyTokens.

To be fair, it could be easier to pay and get paid in the adult industry through this platform due to the fact that Visa and MasterCard payments are moving away from these types of services.

I'm sure some of you are getting BunnyToken ad videos on YouTube where they keep making price speculation. Personally, even though they've reached some kind of an important criterion, I would still stay away from it because nothing solid can come out of it if they are making speculation on its own price.

But again, it's just a quick personal opinion about an ICO that caught my attention. Let me know what you think about BunnyTokens in the comments below.