FREQUENTLY ASKED QUESTIONS (FAQ) ABOUT INKSNATION
WHAT IS A CRYPTOCURRENCY?
This is a digital or virtual currency (asset) that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Hundreds of cryptocurrencies are in existence globally like Bitcoin, Etherium, Dash, Litecoin, Bitcoin Cash , PINKOIN (Inksnation native Currency)
WHAT IS PINKOIN?
Pinkoin the World’s First Reserve Cryptocurrency is the native asset of InksNation.
This one of cryptocurrencies like Bitcoin, developed on the inkledger. With the InksLedger, we now have money created for the people, backed by the people and valued by the people.
As a One United Global Family monetary system. In other words, it is the only accepted Legal Tender on all InksNation’s platform. Pinkoin has a democratic economic model, and its coin creation protocol is Proof of Love (PoL).
WHAT IS PINKARD?
This is the Africa’s first QR Debit Card. A card just like commercial bank debit card(ATM Card) used for transactions in inksnation only.
WHAT IS PINKOIN SALARY ?
It is the daily or monthly allowance to you and every one of us, contributing our computing powers to strengthen this e-Nation while promoting love, unity, peace and oneness. It is also known as Universal Child Basic Income (UCBI).
Members are funded by the Pinkoin creation protocol for showing love on the platform. Here is defined by contributing your computational power towards the growth of the network and the betterment of those involved(I.e JOINING THE BLOCKCHAIN) . As a result, everyone benefits when Pinkoin are Distributed.
HOW LONG WILL THIS SALARY BE PAID ?
UCBI payment is for life. All funds will be in PinKoin
WHERE WILL INKSNATION GET THIS PINKOIN TO PAY MEMBERS?
PinKoin been a Reserve Cryptocurrency is the first Reserve token to built on our InksLedger called Distributed Reserve Cashless Banking (DRCB) Module.
Already 144,000,000 PinKoins (PKN) have been developed on the InksLedger. PinKoin value is attached to human beings. And as a human being joins the Blockchain network, the value of PinKoin increases.
From INKSNATION CONSTITUTION ,money to be paid to members are majorly from three sources which are:
🔵 Contribution from members
🔵Grants from Lawful and Credible individuals and bodies
🔵 Donations and Legacies
IS THE UCBI EQUAL ACROSS ALL REGISTERED MEMBERS?
No. The UCBI is paid according to the living node package you activated for.
WILL I BE PAID INTO MY BANK ACCOUNT?
No. It will be paid into your PinKoin wallet found on your InksNation account. This is digital currency (money) and it deals with digital wallet address.
CAN I CONVERT THE PINKOIN TO LOCAL CURRENCY?
Yes
HOW CAN I CONVERT IT TO LOCAL CURRENCY?
You can visit any PinKoin Exchanger nearest to you (offline or online) and exchange your pinkoin to local currency according to the pinkoin exchange policy and conditions stated by InksNation and the exchanger.
WHO IS A PINKOIN AGENT/EXCHANGER(S)?
This a member(s) who has Prepared and have been authorized by InksNation to register new members, do biometric verification, print pinkard and exchange PinKoin with cash (local currency) from members.
They can be offline and online Exchangers. Any member can become an Agent/Exchanger. Visit any InksNation office nearest to you for details.
CAN I USE PINKOIN TO TRANSACT OTHER BUSINESSES?
Yes. If the service provider accepts PinKoin in exchange for goods and services. PinKoin is a user-to-user (P2P) currency without transaction fees.
Members are encouraged to transact their businesses with PinKoin because we are on a mission of Collective Mass Adoption (CMA).
HOW CAN I TRANSACT IN INKSNATION?
You can transact with other registered members only through your dashboard using InksNation website/app(soon to be out), PinKoin ATM and Pinkard. Inksnation is banking the unbanked
NOTE: INKSNATION is after mass adoption and not massive withdrawal
WHO IS A PINKOIN MERCHANT?
This is a member(who is a business owner ) and have agreed to accept PINKOIN as his/her exchange Currency I.e other members can purchase goods and services from them and pay with their PINKOIN.
Thank you for reading through. I hope you have gotten at least an anwser to your questions.
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