Joining Hornet and businesses around the world to pledge acceptance of the LGBT Token, expanding the LGBT Token’s reach to a combined user base of 100M.
HONG KONG, March 21, 2018 – The LGBT Foundation (https://lgbt-token.org) today announced its partnership with Revry (www.revry.tv), the premiere digital media network for the inclusive 21st century queer community, to drive both the adoption of the LGBT Token in day-to-day life for consumers and businesses, as well as global acceptance of the LGBT Community. Harnessing the power of blockchain technology to tokenize the Pink Economy (a combined GDP of USD 4.6 trillion), this partnership marks a major step in pursuing the Foundation’s mission of attaining equal rights for the LGBT Community, introducing LGBT Tokens to a combined user base of over 100 million.
Hornet Networks, the instigator of the LGBT Foundation and world’s premier gay social network with over 25 million users, pledged to be the first to accept the LGBT Token as a means of payment for its services. Hornet, Revry, and all future partners of the LGBT Foundation concretely demonstrate their affiliation with the LGBT community and are therefore better able to better target this important customer segment.
Revry is the first-ever global queer streaming service reaching over 70 million homes in more than 100 countries. It offers its members a uniquely curated selection of domestic and international entertainment that includes iconic narrative and documentary films, cutting-edge series, groundbreaking podcasts, music albums and videos, and originals.
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Damian Pelliccione, Co-Founder & CEO of Revry said: “We are thrilled to join The LGBT Foundation and its launch partners by supporting the LGBT Token initiative. As the first global queer streaming service, we have always been ahead of the curve with distribution of Revry’s domestic and international LGBTQ- focused content across multiple formats so participating in the LGBT Token currency economy at the outset makes absolute sense for us.”
In addition to Revry and Hornet, the LGBT Foundation has secured the commitment of businesses around the globe to accept the LGBT Token as payment. Some standout examples of those partnerships include:
● In the US, Oasis, an iconic fixture in San Francisco nightlife, presented by Drag legends D’Arcy Drollinger and Heklina (https://sfoasis.com/)
● In Europe, European Snow Pride, the biggest gay annual ski event in Europe, with its 2018 edition happening this week in Tignes, France (http://www.europeansnowpride.com/) and Out of Office (https://www.outofoffice.com), tailor-made LGBT trips from travel experts
● In Asia, Time Bar, a friendly and inclusive gay bar in heart of the Central Hong Kong business district (http://www.time-bar.com/)
To facilitate the launch partners’ adoption of the LGBT Token, the LGBT Foundation has established a Network Accelerator Program to help businesses adopt the Token by granting a significant portion of Tokens to the users of participating partners. By allowing each app or community to immediately utilize Tokens and move existing reward programs seamlessly to the LGBT Token, it will kickstart the ecosystem of the launch partners and future LGBT Foundation members.
In addition, the Foundation is developing a platform for partners to store and handle the LGBT Token that allows transactions to clear in a matter of seconds with very low fees. Partners will also utilize the Foundation’s Single-Sign- On technology (“SSO”) as an additional option for their respective apps to allow Foundation users to log-on while protecting their identity. Other practical measures such as providing plug-ins for e-commerce stores and devices in physical locations that accept LGBT Tokens as payment will further promote adoption.
Christof Wittig, President of the LGBT Foundation said: “I’m delighted that our launch partners will join Hornet Networks in being the first vendors to accept LGBT Tokens as payment and bring our total reach to over 100 million potential users. With every adoption of the LGBT Token, we grow today’s USD $100M market of LGBT apps and services into a much larger visible economy that knows no borders and respects each member’s right to their sexual identity.”
About The LGBT Foundation
The LGBT Foundation is an organization that aims to deliver equality for the global LGBT community through technology and non-profit uses of its tokens. By harnessing the power and potential of blockchain technology and other technological innovations, the Foundation aims to foster greater acceptance of the LGBT community, drive positive social change for the benefit of its members, and protect vulnerable community members. The aim is that the LGBT Foundation will evolve to become a self-governing body run by and for members of the LGBT community, and which directs its activities, resources and members to the benefit of the international LGBT community.
For more information on participation and the LGBT Foundation, please visit:
Revry is the premiere queer digital media network for the inclusive 21st century LGBTQ+ community. As the first-ever global queer streaming service, Revry offers its members a uniquely curated selection of domestic and international entertainment that includes iconic narrative and documentary films, cutting- edge series, groundbreaking podcasts, music albums and videos, and originals. Revry is available worldwide on seven OTT, mobile, and online platforms, and hosts an exclusive linear channel on Pluto TV. Headquartered in Los Angeles, Revry is led by an inclusive team of queer, multi-ethnic and allied partners who bring decades of experience in the fields of tech, digital media, and queer advocacy.
 LGBT or LGBTQ, LGBTQI or LGBT+ includes Lesbians, Gays, Bisexual, Transgender, Queer, Intersex, and other communities defined by their sexual self-identification. We celebrate the spectrum of diversity as well as gender fluidness and will work to support and include + elements through the efforts and makeup of the Foundation.
 Based on the assumption that there are three to seven percent of 5.3 billion people in the LGBT community, multiplied by global GDP per capita (http://news.gallup.com/poll/201731/lgbt-identification-rises.aspx and http://statisticstimes.com/economy/countries-by-projected-gdp.php)