Okay, I went through half of their white paper - a lot of IT lingo and concepts I don't understand
What I managed to grasp (hopefully correctly)...
Most traditional financial gateways (like banks, PayPal) don't want to work with adult businesses.
Cryptocurrency gives a chance for transactions outside of traditional systems.
'intimate' token is based on cutting out the middle man (yay!) and centralised systems.
For example - let's say that we want to use AW to advertise (not revealing our personal data), find reputable clients, do our business safely and get paid (online).
A client wants to find an escort, check if she's reputable and pay her online (not revealing his personal data).
With AW we need to go through a verification process (identity check), then we accumulate feedback (building reputation) and also give a feedback to a client.
This process can be made more safe, secure, private and reliable - without using AW and only based on the technology - this 'intimate token'. Plus you get paid in cryptocurrency.
So, the way I understand it - as a client, I buy a certain amount of cryptocurrency, I find my service provider, check her reputation (and this is based an 'attributes' and algorithms), decide to make a booking - she checks my reputation, then agrees (or not), a deposit from both parties is being taken in the meantime, after the service is completed, the payment is transferred to the service provider plus her deposit is being returned. Client's payment data doesn't appear on the credit card.
Both parties exchange 'feedback', which is a further block in building reputation.
So this token has 2 main functions - payment wallet + reputation checker/ builder.More or less - this is how I understand it.
At this stage, this company is a start up and they are crowdfunding for the next 17 days - Initial Coin Offering (ICO).
So this thing is not going to happen today or tomorrow.
But I'm going to buy £100 worth of their token - it's the amount of money I can squander. And it can be fun!
This whole blockchain concept and cryptocurrencies are very promising and it will only gain momentum.
Even if we'll have to wait 5 years for it to become a part of our daily lives.