The Pocketinns Umbrella Project is a revolutionary online marketplace ecosystem built around a decentralized blockchain-oriented model. It is a market for both sellers and consumers. It is designed to enhance ease of transactions while maximizing trust, safety, value, and savings, all while maintaining a true decentralized network.
Online marketplaces who function as facilitators or connectors charge a hefty transaction/brokerage fees. A small player to get running, needs a lot of investment and infrastructure, and to get on to bigger platforms also is nearly impossible because of the high commission rates. To solve this problem Pocketinns has come up with this idea of a decentralised marketplace.
The new Pocketinns Token (PINNS) will work to achieve the company’s goal of changing the way services are exchanged by creating an autonomous ecosystem with no central point / middle man. The token auction has started on January 15th, 2018 (10am EST) using a Reverse Dutch Auction and will end on January 31st, 2018 (10am EST) and will accept ETH as a form of funding.
Pocketinns has taken the regulatory secure route by being a securities exempt offering for accredited investors with the U.S. Securities and Exchange Commission and has set a benchmark for other upcoming ICOs, a bold step taken by Sarva G. Mada, CEO and founder of Pocketinns. They have also skipped the presale, because that would go directly against their message of wanting to democratize marketplaces and create an even playing field for all.
In simpler terms, Pocketinns is operating on the lines of Costco or Netflix where in this case it’s a true community driven peer to peer digital economy with multiple marketplaces that include Travel, Accommodations, ridesharing, car rentals, real estate, ecommerce and thousands of other marketplaces operating under one single ecosystem. These transactions under the Pocketinns ecosystem are supported between the buyers and sellers with its own supporting internal financial network & its own internal Pinns currency that powers this ecosystem. This ecosystem will be driven, controlled & majorly managed by its own community as the ecosystem grows. Pocketinns makes this possible by leveraging the power of blockchain technology.
Visit Pocketinns for more information.