Ink Protocol XNK ICO: Decentralized Reputation Payment System?
Are you tired of only investing in Bitcoin? Bitcoin can be a great asset to have, but it is not the greatest idea in the world to only invest in a single cryptocurrency. Having a diverse portfolio can be the trick to get a great return on investment and be protected against the volatility of the Bitcoin market.
To make a great choice when you choosing your investments, you need to well informed, so it is a great idea to read our blog to be better informed. It is aiming to help investors like you that we review many companies and investments on our blog. Today, we are going to review a new company called Ink Protocol.
What is Ink Protocol?
Ink Protocol is the name of a platform that can be used to make decentralized payments via peer-to-peer marketplaces. Basically, the idea of Ink Protocol is to decentralize the marketplaces.
Buyers will be able to view the reputation of any seller across many marketplaces, leave feedback and pay using escrow to be protected. Sellers, on the other hand, will be able to maintain their reputation in a decentralized manner. What does this mean? That they will be able to carry their data over to anywhere on the internet.
Ink Protocol was devised to be integrated with any existing marketplace or to be used even on new ones. It is supposed to be a very easy way to pay for services and goods all over the world. It can also be used without a marketplace to make peer-to-peer transaction anywhere, meaning that you can use it to send money to your relatives, for instance.
The Listia marketplace, which was launched in 2009, has more than 10 million users and it will become the first site to use Ink Protocol. Existing Listia Credits will be exchanged for XNK tokens, so if you use this company already, you will have no reasons to be worried.
How Does Ink Protocol Work?
The greatest objective of Ink Protocol is to create a functional environment in which a global marketplace can be set. This means that the company plans to integrate its systems in existing sites like Listia or Craigslist and enable people to use its apps and ditch 3rd party mediation of their payments.
The Ink Pay App will be the main app of the company which will be released as soon as the token sale is over. This app will allow both the sellers and the buyers to trade on third-party marketplaces, which means that using this app, they will be able to make transactions in an endless list of sites.
This will enable the users not only to pay more easily but also to check the reputation of the buyers and use escrow for more security.
How to Invest in Ink Protocol?
To invest in Ink Protocol, you have to buy its XNK tokens during the sale. The pre-sale will begin on January 22, but you have to register for it first, so do not lose your time if you want to participate. The main and open sale will the Initial Coin Offering (ICO), which will begin on February 1st.
You will be able to buy XNK tokens using ETH. With 1 ETH, you can acquire 7,500 XNK tokens. The discounts of the pre-ICO will vary from 10-20% based on when the investor registered and other details. You can read more about them on the company’s Medium.
If you are from China, Taiwan or a non-accredited investor from the US or Canada, you cannot participate in the sale, so be aware that you will be breaking your countries laws if you do so.
The Ink Protocol XNK ICO Verdict
Is this company a great investment for you or not? It can certainly be. Ink Protocol does not seem like a scam and it does actually seem to have a good business plan. This means that the company can enable you to get a good profit from buying the tokens and to provide a good service for you.
You have to perceive that Ink Protocol is more than a dreamy start-up, it is a platform which will be used on Listia, a site which already has more than 10 million users. This gives some power to the company and improves its chances of success in the future.
If you are interested in using Ink Protocol, feel free to do so. This can be a great investment for you, all that you have to do is to invest.