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Ink Protocol
| Ink Protocol | |
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Ink Protocol logo Ink Protocol ICO Review | |
| Ink Protocol ICO | |
| Ticker: | XNK |
| ICO start: | 0000-00-00 00:00:00 |
| ICO end: | 0000-00-00 00:00:00 |
| Price: | 1 ETH = 7,500 XNK |
| Tokentype: | ERC20 |
| Hardcap: | 15,000,000 USD |
| Platform: | Ethereum |
| Distributed: | 30% |
Remove uncertainty. View any seller’s global reputation, pay with escrow, and leave feedback for completed transactions.
Reputation is decentralized, independent, and public, so it is available anywhere. Bring it with you and never worry about rebuilding it from scratch.
Ink Protocol can be integrated into new or existing marketplaces and can also be used in marketplaces that don’t directly handle payments.
Ink Protocol doesn’t require a marketplace. It can be used for any peer-to-peer transaction, regardless of where it happens.
Description
Ink Protocol is developed by Listia, a P2P marketplace for buying and selling used goods online. Launched in 2009, the marketplace now has over 10 million registered users who have exchanged 100 million items. The company has raised $11MM in venture capital from prominent investors.
Listia will be introducing a new decentralized reputation and payment system called Ink Protocol (“Ink”), which is powered by the Ethereum blockchain and XNK, an ERC20 compatible token. Ink helps users safely send and receive payments in P2P marketplaces while earning public reputation for every completed transaction. It greatly enhances the buying/selling process with decentralized reputation and feedback ratings, decentralized escrow for secure payments, third party dispute resolution, and very low transaction costs.
Ink can be integrated into new or existing marketplaces and can also be used in marketplaces that don't directly handle payments (eg, Craigslist and Facebook Marketplace). For sellers, accepting Ink builds up their public reputation, which allows them to start selling quickly on new marketplaces without needing to build reputation from scratch. Buyers can view any seller's reputation across multiple marketplaces and confidently pay using either automated or human-mediated escrow contracts. Payments can be made and received natively using the Ink Protocol Token (XNK) or converted easily to and from fiat currencies like USD.
Ink will also become the new reputation and payment system within the Listia marketplace. Listia currently uses a centralized virtual currency called Listia Credits for all transactions. Existing users with Listia Credits will have their balances converted to XNK, providing Ink with a tremendous boost for initial usage, stability, and network effects on day one. Additionally, Listia will create a standalone payments app so users of local marketplaces such as Craigslist and Facebook Marketplace can build reputation and start using Ink right away. With large scale adoption and apps that can be used in multiple marketplaces at launch, Ink is well situated to become the preferred reputation and payment system in all P2P marketplace transactions.
Roadmap
| “ | June 2009: Listia Inc. is founded and receives funding from Y Combinator August 2009: The Listia marketplace launches October 2009: Listia announces $400K angel round April 2011: Listia launches iOS app, announces $1.75MM seed round led by A16Z January 2012: Listia reaches 1M registered users, launches Android app January 2013: Listia partners with Best Buy to power the Listia Rewards Store October 2013: Listia announces $9MM series A led by General Catalyst February 2014: Listia allows Bitcoin to be bought and sold in the marketplace November 2014: Listia first experiments with creating a cryptocurrency December 2015: Listia launches the Credit Exchange, allowing sellers to earn USD April 2016: Listia launches Credits + Cash feature June 2016: Listia launches Listia Plus September 2016: Listia integrates shipping labels and tracking May 2017: Listia hits 10M registered users June 2017: Listia begins work on Ink Protocol design and whitepaper September 2017: Listia publishes website and Ink Protocol whitepaper November 2017: Listia introduces the Ink Protocol project publicly February 2018: Ink Protocol network goes live and ready for everyone to use! Launch listia.com XNK integration March 2018: Kleros partnership announcement Bounty0x partnership announcement Sharetribe partnership announcement Developer Portal launch (https://developer.inkprotocol.com) Q2 2018: Launch Ink Pay App and Ink Pay partnerships Launch Ink Protocol transaction explorer/browser (like “Etherscan for Ink”) Marketplace partnerships Consumer app partnerships Shipping and logistics partnerships Launch first live integration with consumer app partners Create a developer community around the Ink Developer Portal and Gitter Q3 2018: Launch Ink Protocol public API for easier partnership integration Launch first reputation score aggregator Launch feedback and reputation importer for existing marketplaces Launch reputation and payment widget for 3rd party web sites and apps Start work on fiat payments integration More marketplace, consumer app, and other partnerships Q4 2018: Start work on marketplace plugins for forums and message boards Start work on marketplace plugins for online stores Start work on accepting additional cryptocurrency payments Launch additional live integrations with consumer and marketplace partners More marketplace, consumer app, and other partnerships Integrate local marketplaces and other marketplace verticals into Ink Pay International growth for Listia and Ink Pay 2019: Launch fiat to fiat marketplace payments through Ink Protocol Launch additional cryptocurrency payments through Ink Protocol Integrate Ink Protocol into forums, message board, classifieds, and online stores Integrate Ink Protocol into top-tier marketplaces and consumer apps More marketplace, consumer app, and other partnerships 2020: Ink Protocol will be THE STANDARD way to buy and sell on any platform, while earning public reputation for every transaction. Sellers will earn Ink reputation everywhere they sell and use it for instant credibility on all marketplaces and for all p2p transactions. Buyers will demand that sellers have Ink reputation, which they can look up via dozens of apps and websites quickly and easily. There will be hundreds of distributed mediators and mediation services available to choose from when dealing with a peer-to-peer transaction. Buyers and sellers will feel safe and secure when transacting online with strangers, both within and outside of any established marketplaces. Hundreds of decentralized marketplaces and partnerships built on top of Ink Protocol will thrive and become the standard way for people to transact with each other online and in-person.[1] | ” |
Team
External links
Ink Protocol on Twitter
Ink Protocol on Telegram
Ink Protocol on Medium
Ink Protocol on Reddit
Ink Protocol Official Website
Ink Protocol Whitepaper
