The World’s First Distributed Reserve Cryptocurrency Pinkoin can now be bought and also be sold.
This was revealed by the inventors, Inksnation DAO during their weekly session for registered members.
Inksnation revealed that Pinkoin is a totally different type of digital currency which is “The Rise of the Distributed Reserve Cryptocurrency.” With the InksNation’s novel reserve model, even the poorest countries can come out of poverty in less than 9 months. Also, this new monetary system (known as Inksledger Financial System) comes with a whole new economic infrastructure that will allow the world to cope as we step into an automated robot driven labor market.
The definition of value in Inksnation new paradigm of “Love-based-economic-model” is in Pinkoin. In other words, Pinkoin is the native reserve currency of the Inksnation digital economy.
Pinkoin exists absolutely on the InksLedger Distributed Ledger network, as a result of this all settlement for goods and services on the Inksnation ecosystem will be denominated and executed in Pinkoin.
However, for the sake of a universality in value, the real time value of Pinkoin relative to other currency will be denominated in US dollar first, from which the relative value in every other currency can be calculated based on their respective exchange rate to the USD per time. Also, the symbol of Pinkoin is PKN.
Please note that PKN is not a security coin, in that it is not tradable in the financial market, rather it bears a use case or utility value that is tied to the services and commodities that will be sold in the Inksnation economy.
Inksnation economy has several use-case plans, like a low-cost 4G internet service, a drone delivery service, Inks Mobility delivery Service, one of the biggest cloud services, in Nigeria, Africa’s biggest economy, Smart City Transportation and housing provision projects too. The good thing about it is that Pinkoin will be the legal tender for transaction settlement on all these platforms.
So, while Pinkoin may not be a classic tradable cryptocurrency for all those who are engaged in market-based cryptocurrency trading, Inksnation’s Pinkoin is more intrinsic value focused rather than being market value focused. However, for exchange purposes, Inksnation has its internal decentralized reserve exchange (DRex), where PKN can be purchased or sold for other fiat or digital currencies.
For exchange purposes, Inksnation has its internal decentralized reserve exchange (DRex), where Pinkoin (PKN )can be purchased or sold for other fiat or digital currencies.