Community-Driven Ecosystem Will Take On Shared Economy Leaders Like Airbnb, Uber, Instacart, Amazon By Empowering Buyers and Sellers
Pocketinns, the world’s first community-driven cryptomarketplace and blockchain-based ecosystem, has announced the launch of their initial token auction to fund the expansion of the Pocketinns Umbrella Project. The token auction will start on January 15th, 2018 (10am EST) and will end on January 31st, 2018 (10am EST) and will accept ETH as a form of funding.
The Umbrella Project is currently in its first iteration as a vacation rental platform with over 50,000 budget and luxurious vacation rental properties throughout Europe. The token offering will support the expansion of the Project’s growth into additional decentralized marketplaces including ridesharing, peer-to-peer car sharing rentals, supply and logistics services, groceries, real estate transactions and more with the end goal of creating an alternative digital economy where multiple marketplaces operate with their own internal financial network and their own PINNS currency to facilitate every aspect of the transaction.
The new Pocketinns Token (PINNS) will work to achieve the company’s goal of changing the way services are exchanged by creating an autonomous ecosystem with no central point / middle man. Today, across numerous and diverse sharing economy experiences, third-party platforms like Airbnb, Amazon, Uber, and GrubHub facilitate our transactions for shared services. Working within monopolized environments, these businesses dictate the terms and conditions of trade and often charge high commissions and valuable personal data sharing requirements. Leveraging blockchain technology, Pocketinns has implemented a Netflix-like monthly subscription monetization model that can empower users to trade any product and service, from vacation rentals, to ride sharing and ecommerce without the need of a third-party.
“By employing a blockchain-oriented model, we can return control to those doing the transactions: the buyers and sellers,” says Sarva G. Mada, CEO and founder of Pocketinns. “Our vision is to allow consumers to reap the full rewards of the business they conduct without being held hostage to unfair transaction fees and privacy violations. Allowing any two willing parties to transact directly with each other has always been a vision for the cryptocurrency community. The vision is turning into a reality and it’s a beautiful thing.”
A total of 150 million tokens will be created with the Pocketinns Umbrella Project with 30 million PINNS tokens allocated for the ICO and the minimum investment is 1 ETH. The Pocketinns token offering is being conducted through a reverse Dutch auction to ensure a market-based approach. On January 15th, Pocketinns start with an initial high offering price for our PINNS, lowering the price by increments until sufficient buyers are found. To guarantee token value to investors and the community, Pocketinns will not be conducting a pre-sale or offering a purchasing bonus to discourage pump and dump schemes blemishing the reputation of the cryptocurrency space. Investors will have 16 days to invest in 30 million PINNS tokens with a hard cap of $46 million. At the end of the auction, all unsold tokens will be destroyed.
Within two weeks of completion of the ICO, all PINNS Tokens will be issued to the investors into their ERC20 compliant ether wallets. The company is working with exchanges worldwide to have PINNS tokens registered and to ensure the availability of viable trading options. The Pocketinns token auction is an exempt securities offering under Rule 506c and will be accepting accredited investors. The token offering is compliant with federal anti-money laundering (AML) and Know Your Customer (KYC) standards. Moreover, Pocketinns has comprehensively audited smart contracts to be executed on the systems to ensure security.
To learn more about The Pocketinns Umbrella Project, go to http://www.pocketinns.io.
About The Pocketinns Umbrella Project
The Pocketinns Umbrella Project is a revolutionary online marketplace ecosystem built around a decentralized blockchain-oriented model. It is a market for both sellers and consumers. It is designed to enhance ease of transactions while maximizing trust, safety, value, and savings, all while maintaining a true decentralized network.
View the Pocketinns Umbrella Project White Paper: https://pocketinns.io/final.pdf