The Pocketinns Umbrella Project is a ‘revolutionary’ online marketplace ecosystem built around a decentralized blockchain model. It’s a market for both sellers and consumers, designed to improve the ease of transactions while maximizing trust, safety, value and savings, all while maintaining a true decentralized network.
https://twitter.com/pocketinns/status/950760751114915840
What you need to know about Pocketinns:
Token Auction Date: 15th January – 31st January 2018
Token type: PINNS token
Number of Tokens: 150 million Pinns tokens
Cap: $46 million USD
Minimum investment: 1 Ether
Structure
The main reason for the Pocketinns ICO is to raise money and kick-start a blockchain enterprise.
The company will be developed for different marketplaces, including travel, accommodation, car rental, real estate e-commerce and more. This will be controlled by its own community as the platform grows. Pocketinns will also create an API for developers or other organisations that wish to build their marketplace on the platform.
https://www.youtube.com/watch?time_continue=1&v=WLeKhAAcdvM
The PINNS token auction will run for 16 days and it started on the 15th of January 2018. It will be closed down if either:
– 30 million tokens are sold
– The hard cap of $46 million USD is reached
If neither of these outcomes are fulfilled, the token sale will end after 16 days. All unsold tokens will be destroyed at the end of the auction.
Pocketinns PINNS token distribution:
Bounty Campaigns: 2%
Goodwill Bonus: 3.333%
Founders: 10% (Vested over 2 years)
All Partners including consultants, legal, developers, advisors etc: 18%
Initial Token Offering (Dutch Auction): 20%
Community Mining: 40%
The Team:
Sarva G Mada – Founder and CEO
Smita M. Seetaram – Co-Founder and COO
Amol Sharma – Chief Technical Architect
Abhishek Sehgal – Chief Technology Officer
The ‘Blockchain Gurus’ of Pocketinns include Himanshu Pandey, Malay Tripathi, Rahul Singh, Nakul Shah, Douglas Park, Reza Dibadj and Abhishek Ramaiah.
Social media presence:
Facebook – 2,725 followers
Twitter – 5,414 followers
Linkedin – 68 followers
Telegram – 837
Pocketinns’ social media presence is quite decent, especially on twitter, but could still use a little work.
Whitepaper:
Is this ICO full of indistinct claims and empty promises? Before investing your funds in the Pocketinns ICO, you must reevaluate why you are investing in the cryptocurrency. You must ensure the whitepaper is thorough, comprehensive and includes important elements such as the financial model, the competitors, and further studies. It is important that you are buying into the Pocketinns ICO because it has a strong business foundation and not for its convincing sales pitch, especially if it’s shoved in your face through ads or social media. You must expect specifics and highly descriptive information, step by step, about how the project will work. This includes charts, formulas, calculations and more. Pocketinns white paper is quite descriptive and technical yet very readable. It’s difficult to know whether or not to trust its claims as they are very promising but also may be too good to be true. instead of giving details of the project for anyone to evaluate and criticize, they are more interested with forecasts of a better future and better market prices and more gains.
Competitors:
When asked who the biggest competitor was and how they planned to overtake a piece of their market share, CEO and founder, Sarva Mada, said: “Pocketinns is a vision for the future and disrupts the mechanics of how the current competitors offer their services online. The blockchain technology on which Pocketinns is built is a hard platform for old school competitors like Uber, Lyft, Airbnb, and Amazon to replicate as their business is built on the old school model.”
Uber: Uber develops, markets and operates the Uber car transportation and food delivery mobile apps.
Airbnb: Airbnb hosts an online marketplace and hospitality service, for people to lease or rent short-term lodging including vacation rentals, apartment rentals, homestays, hostel beds, or hotel rooms.
Amazon: Amazon is now the world’s largest online retailer and a prominent cloud services provider.
By Edina Zejnilovic
