Let’s dwelve into the types of bases CRYTOCURRENCIES are backed upon
In the crypto industry, we have two types of cryptocurrency
- Market base
- User base
The market base are those that depend on the market forces (demand $ Supply) to determine their price. That’s why their values go up and down. Under this area we have thousands of them. Examples are Bitcoin, Ethereum , Tron, etc and these are the coins you will find in the capital market.
Mind you, one of the reason why we need cryptocurrency to come and take the face of our payment system is to have financial freedom. Because one way or the other there are some people controlling our wealth in the world. We call them Elites and they are very few. These are the people that owns financial institutions like World bank, Central bank, etc. They are the people that introduce currency to us. And they continue to use their power even to control our finance.
The first product of cryptocurrency which is the market base came out under that same manipulation. They no more use the power of demand and supply again but the power of pump and dump. They will pump money into it, the value will go up, then withdraw the money and the value goes down.
It was because of this error from the Market base cryptocurrency that brought about the invention of the User base cryptocurrency. Now in the area of the User Base cryptocurrency, we only have 3
- Kringle coin
- T. O. N. (Telegram Coin) Telegram is a private social media and one the safest.
- Pinkoin (From Inksnation). Inksnation is a nation on his own, and their native currency is Pinkoin. It is under User Base Cryptocurrency.
User Base Cryptocurrency is a cryptocurrency that has nothing to do with market forces. They only rely on the number of users that embraces it in the world because they recognize Humanity as an Asset i. e when Humanity comes together, they van give value to whatever they want.
This is why Inksnation built that blockchain around Human Asset. So when 180 living nodes (people) joins, the value of their currency which is Pinkoin appreciates by $1. So imagine having 40,000/50,000 or more people join everyday and divide it by 180 to see how much the currency appreciates in value daily and no power, no policy can devalue it. This is how it will continue to grow everyday.
UNIQUENESS OF INSKNATION|PINKOIN
???? They have reserve: As the value of their coin appreciates, all the money goes into their reserve. And this is why they can afford to pay all their citizens (registered members) a minimum of #120,000 worth of Pinkoin monthly. This is because they have saw ahead into the future that in 5-10 years to come, human beings might become something no longer needed and AI (Robots) will began to take over. People will begin to lost their jobs or their means of livelihood. And if at all this happens, people will have something to fall back on. What Inksnation is doing is paying all her citizens a UCBI (Universal Child Basic Income). Mind you, this has become a topic of discussion in the whole world. Countries like America, Dubai, China, and co are also talking about putting up a system that will pay their citizens a UCBI.
????Digital Card: Inksnation is the first cryptocurrency industry that will be coming out with their Digital card known as the Pinkard. Not only that, aside from Bitcoin that has only two ATM machines which belongs to two different companies in Nigeria, Inksnation has their own Pinkoin ATM too that will belong to the people. 2 has already been shipped into the country for Test running and more are still coming in.
So you don’t call something a SCAM until you have proven it to be so. When you don’t understand something, ask questions or read more about it.
Thanks for reading through.