You may have seen this week we launched our first token give away.
Here at Pynk, we have a dual token model – whereby our Crowd, who make predictions on market movements, can earn CROWD utility tokens. Our CROWD utility tokens are rewarded in principle for 2 keys actions. Firstly, for researching markets and making price predictions. And secondly for referring and inviting their friends to sign up.
Earning tokens for referrals is easy. Simply visit the URL https://pynk.io/token-giveaway/ and from here you can watch an explainer video from Jason Allan Scott. Jason is co-host of The Not Another Crypto podcast and big fan of Pynk – so it was great we could get him involved. Once there you simply sign up with your email and then complete the action list. For example, you can earn 250 CROWD tokens for tweeting your referral link out on Twitter, 200 tokens for joining our Telegram group and 250 tokens for making your first price prediction in our Alpha tool (https://alpha.pynk.io/) and so on.
Once inside the Alpha Tool – you can make daily price predictions on Bitcoin, and earn PYNK points (later exchangeable for CROWD utility tokens). It doesn’t matter if your predictions are right or wrong, we reward you for anyway – although ‘super predictors’ will be awarded for additional accuracy points.
WHAT’S THE PURPOSE OF CROWD UTILITY TOKENS?
Our Crowd are incentivised to participate by earning CROWD utility tokens. These tokens will later be exchangeable for our PYNK security tokens – which are ‘asset backed’ by the money in our fund. Crowd members will be able to swap their utility tokens for security tokens in app from Q3 2019. Note we are launching our beta product in May ‘19, however this functionality will not be available until later since minting of tokens and testing of wallets will not happen until then. For now, we keep a track record of how many tokens each Crowd member is generating. This means our token giveaway is not an Air Drop, since you cannot at this early stage receive your ERC-20 tokens physically.
You can read more about our token model on our White Paper v0.1 at https://pynk.io. While the first White Paper does not include full details of the tokenomics model – we are releasing White Paper v0.2 and full tokenomics model along with our Beta product release in May.
Wishing all Pynksters good luck in the token give away, and happy to hear any feedback via Twitter (@pynk_io), Telegram (https://t.me/PynkCommunity) or via email hello@pynk.io
Team Pynk
Impressive project!