Pinkoin review (is inksnation pinkoin legit?)
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Pinkoin review (is inksnation pinkoin legit?)
Read all about Pinkoin in this Pinkoin review.
NOTE: According to the inksnation official website, the spelling is “Pinkoin” and not “Pinkcoin”.
Pincoin is a digital currency/crypto launched in Nigeria by Mr. Omotade Amos, who is the CEO of IBSmartify Nigeria.
Pinkoin is a blockchain based digital asset designed to support charities & non-profit organizations and according to the inksnation website, will pay every single Nigerian, African & human being on earth including babies born every day, a minimum of 120,000 naira monthly for life.
In this Pinkoin review, am going to be writing about everything you will need to know about Inksnation Pinkoin, and also answering questions like “is Pinkoin legit?”, “is Inksnation legit?”, “How to earn on inksnation?”, “How does inksnation pay?”, “What is Pinkoin all about?” and more.
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Let’s get into it then…
What is Pinkoin?
Pinkcoin is a digital currency/crypto launched in Nigeria by Mr. Omotade Amos, who is the CEO of IBSmartify Nigeria.
Pinkoin is a blockchain based digital asset designed to support charities & non-profit organizations and according to the inksnation website, will pay every single Nigerian, African & human being on earth including babies born every day, a minimum of 120,000 naira monthly for life.
Pinkoin was launched in May 2nd 2014 by a developer on bitcointalk named Bigman. For the first 7 days of its inception, PINK was POW only, afterwards it became a standard PoS altcoin with an annual staked return around 1-2%.
Although Pinkoin was largely generic on the inside, strong community leaders emerged who saw great potential in developing Pinkoin on the outside.
What is inksnation?
Inksnation is the world’s first charitable trust that exists as a decentralized autonomous organization (DAO).
They claim that they can end poverty in any country in less than 9 months with the use of their own blockchain known as “Inksledger”.
The headquarters is located in Nigeria at 19 Posukoh quarters off Joseph Dosu way, badagry, Lagos state.
The official website is operated by IBSmartify and it is registered with the corporate affairs commission in Nigeria.
What is inksledger?
Inksledger is the name given to the blockchain of Inksnation pinkoin. Inksledger does not function like the normal blockchain we are all used to, were numerous computers are used as nodes.
Inksledger is to function as a first of its kind charitable blockchain that will be backed by human assets. This means that every member that signs up with inksnation becomes a living node on its blockchain.
Inksledger proposes to use what it calls the proof of love consensus mechanism & inkrestation. The concept of how human nodes will confirm transaction is still a blur.
How to register on Insknation
If you want to be a part of the community, you should register on the official inksnation pinkard website or by one of the agent.
Visit Pinkcoin.com or www.inksnation.io for registration. You will need to provide your Email address, mobile number, Password.
Read the warning & check the box that you accept it, Click on “Registration in Pinkoin” button.
Once you have completed all required fields, there will be a congratulations message on your screen, and also instructions on what to do next.
Read my post on how to register on the inksnation pinkcoin portal
Inksnation living node packages
- Bronze plan – 1000 NGN – $3
- Silver plan – 10,000 NGN – $30
- Gold plan – 100,000 – $300
- Diamond – 1,000,000 – $3000
How to earn on inksnation
You can earn money on the platform by recruiting new members. If User A recruit user B, User B will go ahead and register and make payment to user A, and provide proof of payment along with username.
Once payment is confirmed by User A. he will activate user B account. User B will go ahead to print and activate his pinkard.
User B will receive the sum of 70,000NGN in his Pinkard. User B will then use the money to register new members and activate their account, as soon as he confirms payment.
After activating the person’s account, that amount will be deducted from User B pinkard. When the 70,000 NGN is exhausted, User B will keep 50K for himself.
User B will return the remaining 20,000 NGN to the platform, so his card can be loaded with another 70,000 NGN and so on and so forth.
How does inksnation pay
Inksnation pays:
- 120,000 NGN for bronze
- 180,000 NGN for silver
- 240,000 NGN for Gold
- 300,000 NGN for diamond
You can only withdraw 10% of this money, and you will also need to pay commission to the exchanger when you want to withdraw the cash.
According to inksnation, the remaining 90% of your spendable funds will be sent to your distributed reserve cashless bank (DRCB).
The funds can only be accessed when buying & selling starts with merchants and or when Pinkcoin achieves mass adoption and or if the Nigerian government embraces Pinkcoin as a base/reserve currency for the naira.
Categories of users and how they will earn
There are 3 categories of users on Inksnation and the below is the details of how they will earn:
End users
Users who registered and have not activated their Pinkard to register new members. These end users will be paid by the exchanges who will charge commissions for their services.
Exchanges
They are the ones that have activated their Pinkard and have been registering new members. Their earnings will be sent to their Pinkards.
They can keep using it to register new members and pay the end users.
Merchants
This category are persons that indicate interest to accept Pinkoin for payments in their stores or business.
Is Pinkoin legit (is inksnation legit?)
This is the million-dollar question. Pinkoin has grown in popularity over the past few months, and many people want to know if it is a legit platform that will deliver on its promises.
There is no direct answer to this question, Pinkoin cannot just be labeled a scam or legit platform, it is more complicated than that.
Pinkoin is an idea, the entire inksnation is an idea, this means that it could work and it could also fail. If you have read enough on Pinkoin, you will know that it is far from the finished product.
Inksnation promises a lot, and if many people adopt and use the currency, it will definitely go a long way in making the project a success.
If you believe in the inksnation project, then you can go ahead and invest in it, but if you are in doubt, you have every right to be.
Inksnation customer care
If you want to know more about inksnation, you can reach them on their support channels below:
Telegram: https://t.me/inksnation
Twitter: https://twitter.com/inksnation
Email: info@inksnation.io
Whatsapp: 08104277484. +16474936439
Frequently asked qustions (FAQs)
How much is Pinkoin worth?
The current price of Pinkoin in naira is about 0.009152 naira, as at the time of writing this post.
Who is the founder of Pinkoin?
The founder of Pinkoin is Amos Sewanu Omotade Sparks.
Which country uses Pinkoin?
The country that uses Pinkoin is Nigeria.
Conclusion
Thank you for reading my Pinkoin review, if you have questions or queries, you can leave them in the comment section below.
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Thank you once again for reading.
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