PINCoin Community, found online at Pincoin.io, is an ERC20 token issued by the PIN Foundation. Find out how the PIN Coin works today in our review.
What is PINCoin Community?
PINCoin Community is an ERC20 token built on the Ethereum blockchain. The token is available through a private pre-sale in December 2017, which will be followed by a crowdsale in January 2018.
PIN Coins are issued by a group called the PIN Foundation. The token carries out multiple functions within the PIN digital ecosystem, which is a blockchain-based ecosystem based on the idea of a “sharing economy”.
Some of the features of the PIN digital ecosystem will include an advertising network, an internal exchange, and a collaborative investment portal.
The PIN Foundation is a non-profit organization built with the goal of developing and promoting blockchain technology. The company aims to create “Sharing Economy 2.0” by building a collaborative platform on blockchain technology.
As the official website explains, “Joining the PIN community, all members can share and have benefits back. The more we share, the more we have.”
How Does the PINCoin Ecosystem Work?
The PINCoin ecosystem revolves around the idea of sharing. Members of the PIN community can perform collaborative investments, or engage in “collaborative consumption” to access benefits from the sharing economy.
What exactly is being shared in PIN Coin’s sharing economy? The first platform will be a distributed trading system that will be “self-configuring, self-healing, and provides fast execution of trades with high availability.”
PIN Coin also plans to create a platform where investment managers can setup their own funds, then attract other PIN users to their funds.
Up above, we mentioned the PIN Coin ad marketplace. The developers aim to create the PIN Direct Advertising Network, which will be a place where advertisers and publishers can interact directly with each other without the need for an intermediary.
There will also be a PIN Coin Auction Portal, which will allow custom definitions of auction parameters for users, giving them a flexible place to launch online auctions.
There’s also the PIN Coin P2P Marketplace, which is a marketplace where PIN members can securely and reliably buy and sell any items they wish. Entire stores can be created on the PIN Coin marketplace. You can sell your own products or market other peoples’ products.
PIN Coin has its own payment platform called the PIN Pay system, which is a decentralized payment platform that allows users to receive multiple cryptocurrencies as payment.
Finally, there’s the PIN Game Portal, which offers an alternative approach for game publishers and developers. The PIN Coin whitepaper doesn’t explain many details about this gaming platform, but it appears to be targeted towards online games that need a unified membership/registration platform.
None of these products are yet available to the public. Instead, the products seem to be scheduled for development throughout 2017 and 2018.
The Pincoin Community ICO
The Pincoin Community ICO began with a private pre-sale in December 2017. A general crowdsale is scheduled for January 2018.
PIN Coin has issued a target of 150 million tokens, with a hard cap of 200 million tokens. Tokens will be sold at a price of $1 USD, with a minimum purchase of $100 and a maximum purchase of $20,000.
There’s a total supply of 999,000,000 tokens. The tokens are dedicated for future sale (15%), a reserve fund (23.5%), a system development fund (15%), a community development fund (5%), founders (10%), advisors (10%), and bounties (2%). 8.5% of tokens are allocated to the pre-sale, with 11% for the crowdsale.
Who’s Behind Pincoin Community?
PIN Coin lists its location as London, England. However, neither the website nor the whitepaper list any team information or further information about the company and its founders, so it’s hard to determine who’s behind the company or why they’re qualified to launch a massive blockchain ecosystem.
The lack of team information or transparency is unusual, especially considering that PIN Coin has an unusually high number of tokens allocated to itself (only 19.5% of the total supply of tokens is being sold during the pre-ICO and ICO).
Pincoin Community Conclusion
PIN Coin is a digital currency designed to be used in a sharing economy. The development team will create a variety of products, including collaborative investment vehicles, a gaming platform, and a decentralized advertising platform, among other products. Development will take place throughout 2018 and 2019. You can access all of these products using the PIN Coin token.
PIN Coin’s ICO is taking place throughout December 2017 and January 2018. You can learn more about the ongoing product and its launch by visiting online today at PINCoin.io.