New Pool will Stake out Rewards to Digital Citizen Fund. Plus Details on the Humanitarian Pool’s Latest Addition: The Connected Foundation
You heard that right, 1,000,000 PINK has been donated anonymously to Donate4Life establishing a new Community Pool. At the donors request the Community Pool will side-stake directly to the Digital Citizen Fund, a 501(c)3 nonprofit that has helped over 10,000 Afghan students graduate, providing tens of thousands more students in developing countries with access to the internet. As of today Donate4Life‘s newest pool has side-staked an astounding 70,142 PINK–worth roughly $1000 at current exchange rates–directly to a wallet set up and controlled by the Digital Citizen Fund. For more information on the outstanding good nature provided by this driven, generous, and technology accommodating organization, visit digitalcitizenfund.org.
The Digital Citizen Fund helps girls and women in developing countries gain access to technology, virtually connect with others across the world, and obtain necessary skills to succeed in today’s expanding global market. We create IT Centers, provide digital literacy tools (such as computers, smartphones, tablets) and educational programs for women and children in developing countries. Technology can support human talent to tackle the urgent social needs of women throughout Afghanistan and globally. Providing underserved populations with a pathway to digital literacy, sustainability, and community building can transform the societies in which they live for the better. –Digital Citizen’s Fund
If that wasn’t enough more altruistic news is coming up: the Humanitarian Pool has begun side-staking to The Connected Foundation!
The Connected Foundation is a U.S. based 501C3 not-for-profit public charity whose mission is to connect and develop people and communities through innovative psychological services, financial and technical literacy programs and community partnerships with likeminded individuals and companies in an effort to level the playing field in order to change the world. – Connected Foundation
1. What change will your project achieve with this partnership with Pink? -Elypse
The partnership between Connected Foundation and Pinkcoin will help fund the implementation of Connected Foundation’s FIN-TECH-LIT program. The FIN-TECH-LIT program teaches technical and financial literacy to the most in need kids. The comprehensive program will teach the basics of money, such as how to create a bank account, and the more complex concepts of investing, and using cryptocurrency. The FIN-TECH-LIT program is designed to teach these kids about money and technology so they can create financial freedom for themselves, their families and their communities. -Connected Foundation
2. Where will this project take place? -Elypse
The Connected Foundation’s FIN-TECH-LIT pilot program will begin this summer at the Cardozo Educational Campus, located in Washington, D.C., and will be expanding to other area schools in the fall. The FIN-TECH-LIT program will provide the necessary hardware to each kid, and give him or her the educational tools needed to take control of their financial future. The long-term goal for the Connected Foundation is to bring its FIN-TECH-LIT program to every community in the country. -Connected Foundation
Welcome to the Pinkcoin Family and we look forward to growing with your organization as it strives to help people and bring a positive impact to many lives. -Elypse
As of today, a game-changing haul of over 440,000 PINK, valued at upwards of $5,000, has been rewarded to a wallet owned and operated by Connected Foundation. In support of PINK’s latest long lasting partnership, the Humanitarian Pool will continue side-staking rewards to the Connected Foundation indefinitely. You can find out more information about The Connected Foundation and Connected Psychology at connectedfoundation.org and connectedpsychology.org.
Plus Details on Pinkcoin’s Recent Addition to CryptoBridge, Xchange, LiteBit, CoinSwitch, and SouthXchange
Are you one to dab your toe into a pool to test the waters? Do you apply that mantra to your crypto investments? Has it been getting on your nerves that it takes forever to stake rewards quickly unless you throw in more than you’re willing to risk right then? Well fret no more, thanks to the innovative dreamers over at Stake United, Pinkcoin hodlers can now safely and securely pool their coins together and stake collectively as one unit–automatically splitting the rewards amongst each other. Forget about waiting weeks for your coin weight to build up before stakes start streaming in, use Stake United to begin earning rewards within days.
Pinkcoin is also proud to announce it’s addition to some of the most esteemed exchanges around. Trade PINK using the decentralized advancements of CryptoBridge, effortlessly exchange EUROS directly into PINK using LiteBit, stock up your PINK bags while enjoying the swift and secure utilities of Xchange, trade PINK alongside 45,000+ other crypto-pairs with CoinSwitch, or enjoy the safe and mobile friendly services of SouthXchange. Thanks to these great additions, it has never been easier to trade and stake with PINK than it is right now. Join the PINK community today!
“New PINK Chatroom Debuts Featuring Live Exchange Data and Rewards Program”
Development by the hand of Michelangelo himself, or as he’s known in PINK town, Capricornone, comes a marvel for the ages. A brand new chat space for the PINK Community to spread their wings and soar. Featuring a decentralized community moderated thread, PINK rewards for the most popular posts, Emojis galore, as well as exchange price tickers allowing for custom list creations.
“Say I want to, for instance, send 25% of my staking rewards to the charity pool, and 25% to the education pool, and then I want to keep 50% to myself to gain compound reward interest; that’s entirely possible with side-staking technology.” -CryptoCayce at #BlockchainInChigago
“Plus ZwischenRAUM Offers Support and Introduces to the PINK-Army Tomi Scheiderbauer, the founder of K.O.G, helping refugees in Africa. “
Demonstrating the benefits of the education pool from Pinkcoin’s Donate4Lifeprogram, ZwischenRAUM has used a portion of their 60,751 donated and staked rewards to purchase a brand new chemistry set! Led by Lucas Zupinger, also known to the PINK-Army as Looca23, the school has now begun teaching chemistry lessons with a set paid for 100% by PINK. ZwischenRAUM intends to save 70% of their proceeds permanently, stating:
“We believe, that can have a bigger impact for us. PINK will have a higher worth compared to Fiat.”
Lucas (Looca23) demonstrates the chemical reaction which occurs by adding potassium iodide to a mixture of H202, soap, and food coloring.
Message to the PINK-Army from Looca23:
“Two years ago I was in South Italy to support a local refugee project. I met an Austrian artist called Tomi Scheiderbauer. He is supporting stranded refugees from Africa with sustained projects. To finance these projects they [K.O.G] do crowdfunding. So we decided to buy a painting for our school ZwischenRAUM. We did pay in PINK and Fiat. This is the painting.”
Use the last few hours of 2017 to score easy deductions on your upcoming taxes — all while helping out a wonderful cause! All proceeds are forwarded to benefit Solar Kits for Change, a non-profit organization that provides global microsolar solutions enabling people in developing countries to generate sustainable income. Solar Kits for Change also educates students about solar power and how this limitless source of natural energy can improve their lives. All donations are tax deductible for US citizens. If you have your full name and address filled out under your account, Pinkcoin will even send you a tax deductible receipt. This flash donation drive runs until Dec 31st at 8:00PM EST. All donations up to $10,000 USD will be matched by the incredibly generous @collincrypto. Don’t miss out on this amazing opportunity!
Whichever #crypto community is leading the pack in donations by the time our flash donation drive ends Dec 31st at 8:00PM EST, I will send that crypto project’s main development team and one member of their community, a set of brand new gaming mice.https://t.co/1Dhrs76nnIpic.twitter.com/ZUeR9ZXbLQ
“The Pinkcoin Development Team Answers Questions From the Community”
12/5/17 By Devin Saxon. Did you miss the AMA held by ThePinkCrypto‘s Moonshot Group last week? Well fret no more, The Great Pink Buffalo is here to save the day! Below are all the questions and responses from that most fruitful exchange; feel free to scroll through and review all the answers straight from the PINK Dev Team.
PinkCoin AMA hosted by The MoonShot Group
What is the purpose of PINK?
“Pinkcoin is the first blockchain specifically designed as a fundraising platform for social impact causes where we’ve gamified the proof of stake model and incentivized philanthropy from our users. We’ve been around since May of 2014 and have been traded on Bittrex and Poloniex since day 1.” –CryptoCayce
When can I get a PinkPi?
“The PinkPi device is currently wrapping up the final coding and UI interface. It took alittle longer than we had hoped, but we want to make sure the final product we are putting out is of high quality, so every step of the way we are testing, having the code reviewed, and taking the necessary security steps to make sure the device is easy to use, functional, and safe. We added in a lot of features we we’re originally going to release down the road. We hope to have the unit ready before end of year. We totally understand the frustration of having to wait for this amazing little device, but we want to make sure our first physical product is top notch.” –Elypse
Can you tell us about any upcoming partnerships that would elevate the PINK platform/brand?
Madmax04, Elypse, CrypoRox, CryptoCayce, Caligo, and SpockSkywalker coincidentally all stand in frame and look at the camera at the same moment Nikon’s shutter happened to go off.
“We already have several official partners including those recipients of our Donate 4 Life pool funding system such as Cardiac Kids out of Toronto Canada which is an organization that works w/ Sick Kids Hospital to help kids born w/ congenital heart disease to subsidize the costs of their many open heart surgeries they will have to endure throughout their life. We are also partnered w/ a school out of Switzerland called Zwischraum-Thugaru who are teaching their students blockchain tech through Pinkcoin. We’ll be announcing several more partnerships in the coming months but I’ll share one that we’ll be announcing in the next week with you guys here: Givehealthy.org an organization who is disrupting the traditional food-drive program by giving fresh fruits & vegetables and other healthy foods to those in need.” -CryptoCayce
CryptoRox breaks down how Pinkcoin functions to make a better world to a cluster of ETH fans, and Cardiac Kids Donators
Will they accept Phore as a currency for PINK?
“I guess it would be possible in the future via decentralized exchanges or if Phore was compatible w/ cross chain atomic swaps. but as of this moment there aren’t any PINK/Phore currency pairings on any exchange that I’m aware of”-CryptoCayce
Can we stake only PINK on it [PinkPi]?
“The code for the device currently supports PINK only, and that will also be the case for the “for sale” device. However, we will be releasing the code to the community down the road as well, so other project’s and individuals will be able to utilize the code for their own project/coin. The raspberri pi zero is a very hardware specific device, so it can only run one optimized wallet at a time. We are specifically building our code to function on the specific device. This is for a few reasons. One of those being that the device is being built to help bring newcomers into the space by offering a simple plug-n-play device that any novice into crypto can setup without having to cross the cumbersome barrier of knowledge this space demands”–Elypse
What does PINK do? Why would I want to invest in it?
“Well aside from the whole disintermediating the traditional giving process by giving people an alternative and transparent opportunity on the blockchain via Pinkcoin thing we also have a pretty sweet and talented group of innovative developers who do cool stuff like create interactive twitter gamesthat encourage social interaction while incentivizing game play. create unique wallet features like Side Staking(the ability to split up your staking rewards from 1%-99% and forward themto up to 100 different addresses, your own, your friends, donate4life partners, all transaction-fee free). oh and did we mention we’re ahybrid PoW/PoS/FPoS (Flash Proof of Stake, increased staking rewards from 100-150 during 4 hours of the day) which the PoS portion averages ~20% APR”-CryptoCayce
What motivation did you have when creating this platform?
“We saw that everywhere that Bitcoin and Crypto was being talked about was in the same breath as scams, ponzi, darknet, drugs, money launderingand overall a very shady and negative light. We saw something very different and a lot of opportunity to reshape the narrative surrounding cryptocurrencies as an outlet for doing good in the world” -CryptoCayce
Due to concerns validated by recent issues with applications such as Coinpouch, how will coins be protected when staked via PinkPi?
“Security is a major concern in this space, and we don’t take these issues lightly. The device’s code is being built similarly to how our desktop wallet functions, so the same security scenario’s apply. We have a top notch security reviewer, Philip (@_MiW) who reviews all our code before the even the beta devices are being sent out. All the information will be stored on the Pi device itself, so it would be the user’s responsibility to make sure to take all necessary precautions while using the device. e.g. setting up passwords, backing up wallet.dat files, etc” –Elypse
Will the PinkPi reward system be any different than the desktop wallet?
“The reward structure is the exact same as our desktop wallets. Standard PoS block reward set at 100 PINK, and Flash PoS block reward set at 150 PINK. We’ve staked multiple blocks using our alpha devices and they function beautifully” –Elypse
And most importantly, when does my model ship for beta testing?
“Your beta unit will hopefully be out to you before the end of the year. We are a little behind schedule on it, but that’s purely a result of us wanting to put out high quality software and hardware” –Elypse
Any successful idea will have copycats, how do you plan to stay ahead of them?
“Some of the ways we plan to stay ahead are to continue to innovate development and make creative partnerships with organizations that have an aligned mission share our value” –CryptoCayce
How much will PinkPi cost?
“The device is currently slated to cost around 100-150 USD. or around 0.01-0.015 BTC. This is currently the most economically priced staking device we are aware of in the market right now. We want this device to be able to be bought and used by anyone or any bag size.”–Elypse
What impact has side staking had on PINK since implemented?
“Side staking has had a tremendously positive impact on PINK since we implemented it. It’s the engine that makes our Donate 4 Life (donate.with.pink) platform go. Its how we’re able to forward the pools staking rewards to our partner organizations automatically without transaction fees as well as a vehicle for other philanthropic minded users to easily donate a portion of their staking rewards to causes they want to support in a set it and forget it manner which provides both the pools and our partners a steady stream of donations.” –CryptoCayce
Why the buffalo?
“Buffalo mobilize their strongest towards the outside of the herd to protect their younglings, sick, injured and elderly centered in the middle. This ensures the greatest success in stomping out nasty wolves that try to eat the most vulnerable of their family. Buffalo herds are also lead by a wise matriarch vs the typical patriarchal social system. I felt that the buffalo was the perfect representation of what the PINK-Army stood for, protecting those who need help the most and focusing on those in need centered in the middle–essentially exactly what donate4life does, as well as the natural tendency for the most experienced PINK crypto enthusiasts to happily look out for those new to crypto or those vulnerable to sharks trying to mislead them, and so I made the buffalo the logo of the official blog. With the additions of Coin Artist and Rileyx it only makes the matriarch symbology even more relevant.Also, the “Great Pink Buffalo” is a play on the phrase the “Great White Buffalo”, you don’t what to let PINK be the one to get away. You want to hold onto it forever and never let go.”–Spock Skywalker
When PINK is minted, does it take 30 days to fully mature, or can you begin upgrading your rewards immediately?
“It only takes 1 hour for coins to mature, however when you receive a staking reward (minted block) the coins used in receiving the reward will have their accumulated weight reset and they have to start accumulating weight again, that is where the 30 days kick in because 1 coin gains 1 weight every day with a hard cap at 30 days, so after 30 days you’ll be at max efficiency. You can still receive rewards during that time.”–Riley
What is the status of your 501.c.3 status?
“We are an official Non-Profit as Pinkcoin Foundation Inc. registered in Florida. We have 27 months to prove with documentation to the IRS that we are acting as a Non-Profit for them to approve our 501(c)(3) status however its a “you’re innocent until proven guilty” kinda thing where in the meantime we have all the rights afforded to a 501(c)(3) status until they approve or deny us.”-CryptoCayce
What exchanges will PINK be on ?
“Pink is by no means a new currency. We have been around since 2014. We are traded all across the cryptosphere. We are listed on Poloniex, Bittrex, Cryptopia, CoinsMarket, Nova Exchange, Bluetrade, AllCrypt and a few others. We are also in talks with additional exchanges to help us get listed on their platforms.”–Elypse
Is Binance one of the desired exchanges?
“We have filled out information to be included in their monthly voting sections, and have reached out to them to be listed. We are awaiting to hear back on both accounts. It would be great to be listed on their great exchange” –Elypse
What is your strategy for acquiring partnerships of larger volumes and how do you specifically benefit their cause, assuming they have no need for international transfer of funds? In other words, how does PINK beat out USD if the funds being donated are localized (outside of them being able to stake)?
“We are leveraging our contacts to reach out to organizations we find interesting, we also have a PR firm working on our behalf to help us with this. outside of the benefit of a tax deductible receipt and the organization receiving interest through staking rewards & the USD value of the donations potentially increasing if they choose to hold PINK the biggest selling point is the transparency of the blockchain so they can see their donation is actually going where they think it is and not to pay hidden administrative fees” –CryptoCayce
Are PINK donations tax deductibles?
“Yes if you use our donate4life platform they are tax deductible”
What movements are you taking to increase the intrinsic value of PINK coins?
“Innovative tech develioment, creating more partnerships, growing our community, increasing our visibility and social media reach, working with our PR firm to refine our message and make sure we get it in front of the right audience”
I’ve heard that setting up and splitting all of your PINK into 1000 increment blocks was both time consuming and confusing.Is that still the case and can anything be done to simply/ease/optimize the user staking process?
“Correct we do recommend to split your PINK into increments of a 1000 coins, what you have to do is the following:
1. Select your coins (e.g. 50000 PINK)
2. Toggle “SplitBlock”
3. Enter the number of blocks you would need, we recommend 1000 coins per block (50000 / 1000 = 50 Blocks)
4. Enter your own address
5. Enter the total amount of PINK
6. Send and done
As you mentioned it can be confusing especially if you’re new to crypto and aren’t very familiar with QT wallets. And we have discussed this before and we would love to have this automated at some point in the future to improve the user expierence.” –Riley
What are the plans on making PINK donations mainstream? When should we expect to see a facebook/twitter link to donate via PINK after a natural disaster? I have stopped donating to big shots like red cross and Unicef, as only a tiny portion of my dollar goes to the victims, PINK could easily take over this sector if we could use 100% towards relief efforts.
“We’re currently in the midst of our #31daysofgiving twitter event which is a fun interactive experience driven by our pinkcoin twitter bot @pinkcointips where you can gift and receive PINK which you can keep or donate to Educational Theatre Foundation, if you choose to donate your contribution will be matched by our sponsor @SpacePirate_io and their game Age Of Rust
To participate in the game on twitter Tweet:@pinkcointips gift @username
Replace @username with the twitter handle of someone you want to engage with, its a great ice breaker”
Huge shout out to ThePinkCrypto for giving the PINK dev team the opportunity to participate in a fabled Moonshot Group AMA. Stay tuned for more news coming your way hot off the stove, only from The Great Pink Buffalo!
“Plus Deals Galore for a Limited Time Only, Simply by Shopping with PINK!”
12/5/17 By Devin Saxon. Get ready for the most suave faucet game ever to come to crypto, where every player has an opportunity to gift their friends with prize rewards up to 100 PINK! Brought to you by the same dynamic teamwork that crafted Pink Wars and crypto’s first ever dungeon crawler twitter game, comes the next PINK experience for the ages: #31DaysOfGiving! Win free PINK for yourself and your friends, or adopt a holiday spirit and donate your winnings to your favorite cause–here’s how to participate and get started:
While gifting away don’t forget to check out some of the most tempting deals of the year! Huge shout-out to WhopperCrypto, KawaiiCrypto, 21 Cryptos Magazine, and BTFD.Shop for supporting the PINK-Army with all these awesome opportunities to save big! Pinkcoin couldn’t be what it is today without the generous support and hands-on giving back nature of the PINK nation, and the PINK development team is honored and delighted to return that altruism with an extra dose of altruistic spirit by sponsoring these savings of a lifetime:
Collin LaHay has been trading the inefficiencies of the crypto markets full-time for the last few years. He developed and manages his own blockchain project,GambitCrypto, since 2015 and leads a private trading group, who develop their own proprietary trading algorithms, bots and tools. Collin is the #1 ranked escrow trust-agent for cryptocurrency trades on Bitrated. LaHay also recently became aPinkcoin advisor. We sat down with him to ask a few questions about his life and what drives his passion for blockchain projects.
1) Tell us a little bit about your own background.
Before crypto, I got my degree in Business Administration & Marketing at the University of Wisconsin, River Falls. I had been doing Internet marketing for 10 or 11 years and was self-taught in finance, which is how I started playing around with trading. What started out as a hobby in early 2013 turned into a new career when in December 2014 I resigned my Fortune 500 marketing gigs to go full-time into crypto. I realize that most marketing people stay in marketing, but because I was on the data analytics side of things, the transition wasn’t so dramatic. I basically went to school for one thing, then discovered I had a passion for something else.
2) How did you learn about Pinkcoin?
I learned about them back in 2014 when Pinkcoin was being used as a utility to enter poker tournaments. That’s how I met Danny and the rest of the team. Danny was big in the World Series of Poker at the time. Our relationship started out casual. But later we ended up working on development projects. It was all very unexpected. There was this fun poker phase and then there was this serious development phase.
3) What do you think the biggest challenge is for anyone doing social impact via blockchain?
I have seen a lot of social impact coins trying to be developed. And it all comes back to the same issue: just getting users to be recurring donators. You can have a successful ICO or token drive, only to see everything fizzle out after the launch. The hard part is sustaining that interest and momentum and growing and getting new users and branding properly and getting people to contribute on a regular basis.
4) Where do you see things going in the next few years in terms of the industry and its relation to social impact?
We are going to see different variations on how people are going to use tokens to fund their causes. There are use-cases we haven’t even thought of yet. For the moment, Pinkcoin is one of the leading projects that his defining this new space, while the majority are focused on the profit-making end of things.
5) Are people in the industry aware of the negative public perception of cryptocurrency or are they in their own bubble?
That’s a tough question. As the market matures, there will be more regulations and these regulations will reduce the number of bad actors and thereby improve public perception. At the moment, the large financial upside is fostering a bubble mentality. I think the industry is also waiting for a use-case that shows how blockchain can be used to advocate for a social cause, as well as be financially advantageous.
(Photo courtesy of Nicole Heiling; special thanks to Creationworx)
Lucas Zuppinger is the founder of ZwischenRAUM, a Swiss Montessori school that offers an open and experiential approach to education. We reached out to Lucas recently because we learned that he had incorporated Pinkcoin into his curriculum.
Pinkcoin: As far as you know, are you the only school in the world that accepts cryptocurrency? How did that happen?
Lucas Zuppinger: Yes, it’s rather odd that a school in the land of traditional banking is promoting crypto. I want to pay my bread, my salad and my rent in a currency that is not based on debt. I am doing my part to promote openness and freedom by offering my services for crypto, too. In addition I’m a math teacher, a gambler and very interested in new ways of living.
PC: Tell us about your school and your approach to education.
LZ: Our school is still growing. As we play strategy games a lot, go outside a lot and learn outdoors as an alternative to the traditional textbook curriculum we try to find parents that share our approach to education and who trust us. We try not to interrupt curiosity, feelings and incorporate school as a part of life. Here is our approach, in German. But non-German speakers can get the gist by running the page through Google Translate: https://www.zwischenraum-thurgau.ch/unsere-werte/
PC: It seems like the open approach to education that the Montessori method offers is a natural fit for Bitcoin and other cryptocurrencies.
LZ: Yes and no. No, because Montessori was aware that physical contact with the subject matter is very important. Let’s touch, let’s feel, let’s smell, let’s play…. Yes, because I really hope that blockchain technology will stop the madness of bureaucracy and give us more time to just live. And yes, because I’m just curious about crypto and curiosity should not be stopped.
PC: How did you become aware of Pinkcoin?
LZ: First time I got into contact with Bitcoin was 2013. A friend told me and we bought 1 Bitcoin for around 300$. Then last May amutualacquaintance showed up and tried to sell us an unknown crypto. I did some background checking on the Internet and was not convinced by his currency, but was by crypto in general. I opened an account at Poloniex and checked first all the websites of the traded coins. I was often bored by so much technical information, but Pink was giving a lot of variety. I liked the social aspect and the funny blog. The humor and the desire for social impact seemed so lacking in the rest of the cryptocurrency space.
PC:For educators who are not aware of social impact cryptocurrencies like Pinkcoin, what advice would you offer them?
LZ: The social impact of Pinkcoin is still small. But I chose that currency to help it grow. Not only educators, everybody must know, that it’s really important what product you choose. If you buy local, organic and aware., you support the guys who want to make this world a better place. If you support the JP Morgan, Exxon or Wal-Mart, you support the guys nuking our planet sooner or later. Also, in the crypto business you have to be aware, because some people just want to make fast profit and some manipulate the market. I deeply believe that the Pink community will lead us into a world with more love, respect, help and peace.