Pinkcoin is a digital currency that uses global diamonds as reserves. A Pinkcoin token will initially represent one point in the fixed valuation of the diamond pool. This point in turn represents one dollar of the original fixed valuation. bitgem Asset Management Co., Ltd. (bam) and its parent company Precious Investment Co., Ltd. will launch a crowdsale project for its first cryptocurrency, Pinkcoin, which is reserved by diamonds. To be precise, Pinkcoin is reserved by a fixed-color diamond asset pool and A cryptocurrency developed on the basis of Ethereum. The crowdsale project will be officially launched at 9 am on January 18, 2016. The third-party diamond insurance is assessed one by one by Lloyd's of London.

PINK is based on three hybrid consensus mechanisms - PoW/PoS with fixed block rewards, plus the new technology Flash-Staking (FlashPoS/FPoS) first proposed in cryptocurrency, which can increase the pre-selected peak within a day Periodic hold rate and reward structure. This reduces the overall block count over a period of time, while preserving Pinkcoin's known confirmation speed for the chosen time.

1. Project introduction

Pinkcoin is a cryptocurrency backed by diamonds.

PinkCoin, launched by BitGem Asset Management BAM, is backed by Ethereum, a fixed colored diamond asset pool. The value of the colored diamond pool will be updated regularly. Initial issuance of 5 million PinkCoin tokens is a $5 million asset pool, up to 95 million PinkCoins will be provided by BAM on a non-dilutive basis. The main pool of pink diamonds is said to be insured by Lloyds of London and has been independently assessed. BAM is said to have purchased $4 million in wholesale colored diamonds in 2015.

Fancy colored diamonds are not just jewelry; they are a safe-haven opportunity for the burgeoning global middle class The growing demand is turning to colored diamonds as an investment market. Gold has traditionally been seen as an investment vehicle, but now fancy colored diamonds are also increasingly seen as an investment. In addition, it enables men to flaunt their wealth and display their "masculinity" with a more suitable color, such as red diamonds. They are some of the rarest commodities in the world and have the greatest concentration of wealth of any investment vehicle. The average price appreciation for blue, pink and yellow diamonds was 195.23% between January and October 2015. Pink diamonds saw the highest growth in value, almost 350% over the same period.

However, investing in these types of assets may not be suitable for everyone. Low liquidity, lack of exposure and no dividends mean investing in virtual currencies backed by colored diamonds may not be an attractive opportunity for some. Additionally, BAM's parent company, Precious Metals Investments, has been described as a shell company whose business plans are not currently generating any revenue. Additionally, “pre-mined” virtual currencies often get a bit of a bad rap, with many altcoins being labeled “pump and dump” and quickly forgotten.

Back in the spring of 2016, the BitGem decentralized marketplace should allow investors worldwide the opportunity to store and trade PinkCoin for other assets and asset-backed tokens, with the added advantage of owning a small pool of colored diamonds part. This could further increase demand for colored diamonds as it aims to improve liquidity and allow peer-to-peer trading in exchange for bitcoin and payment in any form of ethereum. PinkCoin (and the BitGem marketplace) could turn into a powerful instance of blockchain technology if it can help address the negative impact on the validity of investing in these assets and prove itself to be a solid, trusted cryptocurrency; by allowing individuals Investing in opportunities not previously available to them should help tackle inequality and help people build real wealth.

2. Review

PinkCoin is a charity cryptocurrency driven by a community donation platform. It uses unique dividend distribution technology to reward users, such as flash bids and split equity. Based on the blockchain, PinkCoin aims to support charities and non-profit organizations and encourage community participation.

Related Links:

https://pinkcoin.com/

https://info.binance.com/cn/currencies/pinkcoin

https://www.block123.com/zh-hans/nav/433177515904.htm

https://bitcointalk.org/index.php?topic=639747.0