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|Titcoin Digital Currency|
|Initial release||June 21, 2014|
|Supply limit||69,000,000 TIT|
Titcoin (Ticker Symbol: TIT) is a type of digital currency called a cryptocurrency that uses pornography on a decentralized peer-to-peer network to manage the issuance of new currency units while simultaneously processing transactions. Titcoin is a derivative of the Bitcoin source code with key modifications to the software which greatly improve transaction speeds and network difficulty readjustments. Titcoin is exclusively designed for and marketed towards the adult entertainment industry to allow owners of the currency to pay for adult products and services without the fear of incriminating payment histories appearing on their credit cards.
In 2015, Titcoin received two nominations at the 2015 XBIZ Awards ceremony which honors companies that play an essential part in the growth and success of adult entertainment. In 2016, Titcoin was nominated for a second year in a row as Alternative Payment Services Company of the Year at the 2016 XBIZ Awards.
As of mid-2017, it has a very low total market capitalization of about US$100,000. There is no notable trade volume registered.
Titcoin was founded by three cryptocurrency advocates from New York City: Edward Mansfield, Richard Allen and a third anonymous individual. The founders developed Titcoin for the adult entertainment industry as a cash alternative payment system for performing anonymous transactions. Titcoin allows consumers of adult entertainment to perform transactions without using any personally identifiable information. Titcoin also benefits adult businesses with zero chargebacks and freedom from dealing with traditional financial institutions.
In September, 2014, former Wall Street stockbroker and Jordan Belfort protégé at Stratton Oakmont, Patrick McDonnell, joined the Titcoin development team as a business development advisor.
On May 29, 2017, Titcoin and its properties were acquired by the adult game development studio Joy-Toilet.
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- XBIZ. "Joy-Toilet Acquires Titcoin". XBIZ. Retrieved 2017-09-03.
- TIT™, TittieCoin (September 5, 2018). "We are excited to announce that @OfficialTitcoin has been bought out by @TittieCoin for an undisclosed amount. The $TTC Dev team has demonstrated an amazing ability to grow & cultivate a community as well as move blockchain technology forward. Get ready for the Major League $TITpic.twitter.com/E6LJ6bj08x".
- "Joy-Toilet's Titcoin Division Acquired by Tittiecoin". XBIZ.
- XBIZ (September 10, 2018). "Joy-Toilet's Titcoin Division Acquired by Tittiecoin" – via Twitter.com.