Tink is a new Korean blockchain platform that intends to create a social network in which you can build your own credence on the internet. The company has created a social dapp on the ICON blockchain with the main goal of helping people to develop human network connections with people that they can really trust and find new interesting opportunities for relationships, jobs and friendship.
By using social verification methods, Tink will be able to create a network of people that you can really trust because you know that they are who they say they are. The company is also interested in protecting your ID, so it has protocols to ensure that your personal information will not be stolen.
The company was founded by two developers who studied at the Carnegie Mellon University and worked at ThingsPage: Q. Lee (CEO) and J. J. Lee (CSO). Other important members of Tink are Y. S. Cho (CFO), J. H. Kim (CTO), Logan Noh (operations), S. H. Son (strategy) and W. C. Kim (lead engineer). Tink’s main partners are MLSoft, ThingsPage, MSecure and Icon.
What Is TINK Human Social Platform?
In short, Tink is a social platform that uses ID verification and the blockchain to both connect people in an environment that they can really trust themselves, at the same time that it empowers people by letting they have and own their information.
Why create such a platform? The company believes that it is very important for people to trust each other and places that people use cryptocurrencies, they tend to be even more anonymous than normal. Many social media platforms like Twitter and Facebook are not very concerned about fake profiles, so Tink rewards people for proving that they are who they claim to be.
The platform also intends to be a fertile ground for advertisers, as a lot of money is spent on fake profiles when they advertise on normal social media platforms because even Facebook, that has more real people than Twitter, already has about 14% of its users using fake profiles.
Also, going against the mainstream idea of privacy on the internet, Tink, unlike Facebook, does not retain any information about the users unless they want to sell it. If they sell this information, they will receive some amount of money for it.
TINK Token ICO Details
The Token Generation Event (TGE) of this company, which is just like an ICO, will begin sometime during the second quarter of 2018. You will be able to pay 1 ETH per 24,000 TINK tokens and the hard cap of the sale will be 20,000 ETH, which will consist in 55% of the total number of tokens created by the company. 15% will go to the advisors and bounties, 15% for the functioning of the systems and 15% for reserves.
The third quarter of 2018 will see the release of the Beta version of Tink and the release of the wallet, which will be a part of the app. The API will also be free to use for third party developers who want to create apps. During 2019, the company will migrate fully to the blockchain. Further development will continue in 2020 with the official launch of the platform and the TINK tokens will be indexed in the market.
Tink is a very curious platform which has some degree of originality and will certainly not be the worst bet that you can make if you are looking to diversify your portfolio. While the Token Generation Event is still some time in the future, the company definitely shows some potential as a platform for social networking using the blockchain technology, so if that is what you want, then maybe you will like Tink.