Nearly 50% of Pinkcoin’s Staked Blocks Contain Side-Staked Donation Outputs, Plus More Exciting Network Statistics

To Celebrate, PINK kicks off the New Year with a Digital Arts / Meme Contest worth over 100k PINK in prizes

That’s right you heard clearly. Nearly half of the PINK network’s active staking community is utilizing the most altruistic technology known to crypto: Side-Staking. If you missed all the Side-Staking hype have no fear; it’s the simple and beautiful concept of donating your staking rewards automatically to 1, 10, or even 100 other PINK wallets of choice, all free of transaction fees. Every donation is voluntary and simplified for even first-day crypto users to easily fine tune their staked rewards to share with others. Utilizing Side-Staking features, any PINK wallet holder can donate an adjustable percentage of their staked returns to their entire family, friends, or even a noble stranger.

Courtesy of the legendary wizard of the ages, the honorable pink-town hero, Astrych, several key PINK network statistics have been mapped out for the Pink Community to explore and enjoy. Below, the total percentage of staked returns which contain blocks with Side-Stake transactions has been charted out. Pinkcoin has currently surpassed 40% of staked blocks containing donations for other PINK users, and is currently making a run to surpass 50%, a new all time record! Bears bring out the cares in these parts.

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As you may remember, last fall came the debut of the much anticipated FPoS 2.0 update, which aimed to free up more PoS rewards for moderate wallet holders while cutting back on the computing power necessary for larger staking balances. To accomplish this, FPoS 2.0 requires 100k PINK coin blocks to participate; rewards are 50% larger as well as more frequently rewarded during FPoS hours. To offset the imbalance, FPoS 2.0 is only active for 4 hours each day. Below is a chart which compares the average PoS difficulty with the average FPoS 2.0 difficulty. The results show that a heavy influx of husky PINK users have begun solely targeting FPoS 2.0 stakes; difficulty has increased steadily over the past 100 days, and continues to climb. The more that coin blocks on the network are combined into 100k chunks to target FPoS 2.0 rewards, the more the overall coin weight that had been competing with sub-100k balances is reset, allowing more opportunities for PoS rewards to be earned by moderate holders. As demonstrated by the chart below, PoS difficulty has continued to lower over the past 100 days, steadily freeing up more PoS rewards exclusively for moderate PINK wallets.

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Zooming out all the way, using the chart below, we can see that although the average difficulty of FPoS has increased since the FPoS 2.0 update in Oct ’18, the average FPoS difficulty since it’s debut in April ’17 has been significantly reduced. For huskier wallet balances, FPoS 2.0 is freeing up a magnitude of computing power that is now no longer necessary.

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Even more cool statistics and charts can be found by visiting the wizards lab on GitHub. Huge shout-out to Astrych for making these statistics easy to read and readily available for the Pink Community!

Put your thinking caps on and keep your seatbelts strapped, to bring in the New Year and celebrate the success of Side-Staking and Flash-Stake 2.0, Pinkcoin will be rocking out a second signature Meme / Digital Arts Contest, and dishing up over 100k PINK in prizes. Official details and more prizes will be announced in 7 days to kick off the start of festivities.

General Breakdown to Pre-Game Ahead of the Contest’s Official Launch:

  • Submissions should be Digital Art: (memes, gifs, videos, music, graphic design ect)
  • Submissions should be related to: ( Pinkcoin, Pinkcoin’s Features–Side-Staking–Flash-Staking 2.0, Headlamp, Twitter Bot, Pink Ethos, Past Donation Drives Campaigns, the Pink Community, Pink Core-Team Members, Pinkcoin Partners, ect )
  • Submissions must be tagged “$PINK, #Pinkcoin” on Twitter (so get a Twitter account if you don’t have one already)
  • Submissions will be voted on by the Pinkcoin Core-Team after one month.
  • 1 Grand Prize Winner will be selected, as well as 4 Runner-ups
  • Multiple submissions are welcome
  • Grand Prize will begin at 100k PINK
  • Additional prizes, prize pool donation addresses, and more competitions will be announced when the contest officially begins next week

 

 

CryptoCayce Featured on Not Another Bitcoin Interview

Plus PINK debuts on Blockfolio and the Re-Launch of Nova Exchange

CryptoCayce has a phenomenal interview with Kenn Bosak of Not Another Bitcoin Interview, highlighting what PINK has accomplished, and shares a sneak peak of future goals for the network. Check it out below!

Download the Blockfolio App on your smart phone today and add PINK to get updates direct from the core-team of PINK.

Pinkcoin is being listed on the debut of the new Nova Exchange, details below.

The waiting is OVER! Nova re-launch date is here. Registrations will open. Deposits will open. Withdrawals will open. New listings will happen. In short, Nova Standard Crypto Exchange will open for business on 3 December!!! A lot of friends of Nova have been very patient with us and we couldn’t be more grateful for that. Also, we couldn’t be more happy with the work we have done and we definitely couldn’t be more proud of the team! The developers, the architects, the global support staff, the moderators, everybody, great work, great job. -Nova Exchange 

CollinCrypto Matches $9,250 Raised for Solar Kits for Change, $18,500 Total Donated

“Plus CryptoCayce Speaks at #BlockchainInChicago”

Huge shout-out to everybody who participated in the flash fundraiser for Solar Kits for Change! With the $9,250 in matched donations from CollinCrypto along with the $30,000 matched from Bittrex during the Hurricane Irma Campaign and the $3,000 matched by the Pinkcoin Core Team from funds raised for Hurricane Harvey, the total matched funds for 2017 stands at $42,250. An astounding total of $84,500 was raised by the PINK-Army to close out 2017’s flash fundraisers.

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Pinkcoin’s CEO talks PINK at the Hyatt Centric in Chicago!

“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

Check out CryptoCayce’s full presentation below!

>>> In Case You Missed It<<<

 

PinkPi Gets UI Makeover Before Beta Test Launch

“New UI Implemented, Plus Amazing Holiday Deals Only by Pinkcoin”

11/23/17 By Devin Saxon. The much anticipated launch of PinkPi is nearly afoot. After finalizing a sensationally improved user interface and locating the most phenomenal case manufacturer around, beta testing models are only a breath away from being released. After beta testing is complete the full release of PinkPi will initiate. Boo Yah!

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For more information on what PinkPi has to offer please feel free to visit the introductory video below!

>>> Pre-Order and Sign-Up for EARLY Updates Here <<<

Screenshot 2017-11-23 01.22.33Last but not least, brought to you by Pinkcoin’s delighted development team FREE PINK HOLIDAY STICKERS made by KawaiiCrypto are now available for a limited time! Plus 25% of any other purchases made using Pinkcoin are donated to Donate4Life. What a time to be alive. #Thankful

Check out #KawaiiCrypto at the following link: KawaiiCrypto.Com

And Get your FREE stickers TODAY!

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UPDATE: Bittrex Matches PINK Hurricane Relief Fund with $30,000, New Total 60k

“$20,000 has been sent to each of the following charities: Center for Disaster PhilanthropyDirect Relief, and Habitat for Humanity

11/2/17 By Devin Saxon. With all the crypto news centered around the massive blooming of Bitcoin another amazing headline lies hidden in the mix. Out of the sheer good will on behalf of Bittrex, Pinkcoin’s escrow provider for the Hurricane Relief Crowdfund, an additional $30,000 was donated to match all other contributions made throughout the relief campaign. A total of $60,000 has been sent out to the charities supported by the PINK disaster relief fundraiser.

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Please take any free moments on the twittersphere to thank Bittrex for all their hard work making this possible and doubling the support raised to help those in need. Truly inspirational altruism is cooking in the crypto scene now.

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Due to CDP website error 3rd screenshot is temporarily delayed, will be posted asap

Special shout-out to everyone who participated in the donation campaign, congratulations to Leveyaya1 for winning the grand prize Gambit Trading Group membership, and especially an epic holler goes out to Bittrex for matching all relief participants’ donations! What a crypto way to celebrate Bitcoin at 7k. #GroupHug

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>>>IN CASE YOU MISSED IT<<<

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