The VOGO platform is a decentralized porn studio in Hollywood with integrated adult-industry cryptocurrency. This platform has created OGO coins is an anonymous and secure way to pay for adult goods and services without intermediaries.
Good. But this token can not function, only in the interior of this ecosystem. I know that you understand this. The consumer should somewhere buy this token, and the service provider should have the opportunity, somewhere to sell the token. I'm interested in what you can say about the exchange.
Yes, you're right that it would be handicapped if we were not developing the OgoShift infrastructure. One of the key ideas of OgoShift is to make it as easy as possible to use and trade cryptocurrency including OGO coin for both customers and businesses. Starting with a wallet and ending up with advanced payment options.
Concerning the exchange, it will have 2 modes: 1) an intuitive mode dedicated to help buy and sell cryptocurrency as easy as possible (for non-familiar-with-cryptocurrency people) 2) a trading mode that will provide advanced features that are handy only when you're well acquainted with the cryptocurrency world.
All the products of OgoShift will be interconnected. The wallet is a single entry point to the infrastructure. In one click a user will be able to switch from one product to another one. The OgoShift Wallet MVP is available:
https://wallet.ogoshift.com/.
For adult-industry businesses we will establish a fiat liquidity pool where they will be able to exchange the received OGO coins for USD. Although they may sell OGO coins on an exchange, the liquidity pool ensures the stability of OGO coin price for businesses even if the token price drops. For example, if a business gets 5 OGO costing $10, and the crypto market drops down next day resulting in quotation of 1 OGO = 1 USD instead of 2 USD, the business can exchange the received OGO for a fiat equivalent of the date when the tokens have been received. The exchange process and its details will be published when the liquidity pool is formed. For example, one of our requirements is that a business going to use the liquidity pool has to use OgoShift Merchant, our payment system, in order to let us track the transaction history of received OGO coins (for the anti-fraud purposes).