$SIMP offers a unique solution to the issues faced by creators and consumers. By using blockchain technology to power their payment processing service for content providers, $SIMP aims to restore the freedom of content platforms to excite and entertain in an online social setting without interference from traditional financial institutions.
Ending Chargebacks and Extortionate Fees
To circumvent high-percentage transaction fees charged banks and payment providers for processing adult transactions, the $SIMP Token:
- Creates a bridging transaction between creators and banks, preventing transactions from being labelled as “high risk,” and protecting creators from the exorbitant fee structures that come with such designations.
- Offers consumers the ability to protect their identity when purchasing content online and secure their right to privacy. Once the tokens are moved from an exchange to a DeFi wallet, they cease to be attached anything bearing the $SIMP holder’s personal information.
- Eliminates the potential for “friendly frauds,” chargebacks, and illegitimate refunds by denying any third party the ability to move tokens between any two users without their owner digitally signing off on the transaction at the time it occurs.
- Removes the ability of malicious third-parties to execute the theft of financial information through the use of legitimate-looking payment forms on deceptive websites designed to capture and fraudulently use credit card information.
The Core Team
The $SIMP team boasts a roster of highly dedicated, capable and skilled professionals who have publicly stated in the project’s whitepaper their plans for $SIMP to reach a minimum market capitalization target value of $150m, and expressed optimism about the token reaching significantly higher values in 2022 and beyond.
As of this writing, the team consists of:
- CEO Ben Sansom: Ben has worked with some of the biggest names in corporate, sports, and entertainment over the course of his 8 year marketing career, with his primary focus being the setup and explosive growth of start-up projects.
- COO James Hague: James is a qualified accountant with experience in numerous industries including commodities, gaming, and high-end sports cars. James brings with him the strong network he’s developed throughout his career, including through his work with some of the highest-performing McKinsey consultants in the Transformational sector.
- Lead Developer Thomas Sileghem: Thomas has 7 years of experience in Web & Software Development apart from being involved in blockchain development for over 6 years, Thomas was responsible for building PocketStars & RocketStars and led the integration of $SIMP onto both the platforms.
- Angel Investor: $SIMP’s anonymous investor has built and scaled businesses that are collectively worth billions of dollars. Having been a key component in multiple Silicon Valley startups, this investor offers highly valuable consultation to the team, and continues to leverage their extensive network within the tech, finance and crypto sectors to support the continued expansion of $SIMP.
$SIMP’s Rapidly-Developing Network
Having been integrated as a payment method on two content platforms, PocketStars and RocketStars, since its’ October launch, $SIMP has demonstrated its’ viability both as a stable payment processing tool and as a sustainable crypto token in a notably volatile market. This network of partnerships continues to grow with the recent announcement that popular retailer Phreak will also begin accepting the token as payment on their website.
Additional partnerships include the digital business card provider Slink and xxxNifty, which controls a large NFT marketplace.
These brands offered some remarks on their partnerships with $SIMP:
SLINK – Your Digital Business Card
Many PocketStars content creators were already using the Slink Platform, so it only seemed like a natural progression to build and develop our partnership with $SIMP. For the future, deeper integrations between ourselves will see $SIMP being pushed to our mainstream users as a simple and reliable payment service.
PHREAK – Adult Fantasy Toys
We are delighted to be partnering with $SIMP, bringing more pleasure to a wider Phreak community. We’ve worked with PocketStars creators several times before, so it was important for us to support and help them with the amazing work they’re doing, but also important to know how these guys see the world and how much they care about providing quality products and services.
In late November, $SIMP began trading on BitMart, a Top-40 centralized crypto exchange by volume, and the development team announced yesterday that the token will also be listed on LBank, a truly trusted CEX.
Content creators have expressed a dire need for a secure, anonymous payment method that will allow them to earn a living on fair terms and protect consumers’ right to privacy; $SIMP is uniquely positioned to offer solutions to problems within the industry that have been, until now, unavoidable.
Magnetizing Talent
In addition to the many brand relationships the $SIMP team is cultivating, they have found themselves receiving numerous correspondences from $SIMP holders with great interest in joining the team on their mission.
In the last month, two new recruits have joined the team full-time:
- Head of Talent, Poppy Evans: With a following of over 100,000 generated over just two years in the adult industry, Poppy has developed a strong passion for the income security of fellow creators. Her perspective allows the team to examine its’ development course from a creator’s perspective and ensure that the team’s actions are perpetually in line with its’ stated mission and values.
- Director of Content, Matthew Killinger: In addition to his writing talent, Matthew brings with him the flexible planning and organizational abilities developed over the course of his building management career, and consistently enables the simultaneous execution of multiple projects with efficacy.
Powering the Payment Processing Solution
The $SIMP team is constantly evaluating means to improve their already-functional payment processing system, and have embarked on a campaign to optimize it for ease-of-use, convenience, and efficiency as they pursue mass adoption across their host platforms.
The most imminent upgrades, announced in the company’s recently-released Whitepaper 2.0, will bring:
- The addition of an on-ramp, allowing credit cards to be used on platform for fiat-to-crypto transactions without the need for a crypto exchange.
- A $SIMP/USD toggle, allowing creators and retailers to split their earnings between USD and $SIMP at a percentage of their choosing.
- UI improvements, and several new interfaces designed to make every interaction with $SIMP as simple and intuitive as possible.
NFTs and expansion into the Metaverse
In addition to building a cryptocurrency token, $SIMP has announced the development of an NFT marketplace, where they intend to collaborate with PocketStars creators to mint NFTs tied to real-life content creators and underpinned by collectability, customization mechanics, and gamification to offer a truly unique product in an emerging market.
The optimized payment processing solution will be the bedrock that $SIMP’s adult Metaverse is built upon. Once established, the world will include NFT marketplaces, merchandise stores, and social hangouts such as the $SIMP Lounge.
Upon the injection of their core community and 16,000+ content creators, it will become a living, breathing world; the $SIMP Metaverse, first of its’ kind.
The Whitepaper
In keeping with their dedication to transparency, the $SIMP team has published one of the most well-written, cohesive, and in-depth whitepapers seen in the market to date. If you would like further details on the project, they can be found within this 37-page document at https://letsallsimp.com/SIMP_Whitepaper.pdf.
Conclusion
Content creators have expressed a dire need for a secure, anonymous payment method that will allow them to earn a living on fair terms and protect consumers’ right to privacy; $SIMP is uniquely positioned to offer solutions to problems within the industry that have been, until now, unavoidable.
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