What Is PinkCoin (PINK)?

PinkCoin (PINK) is a blockchain-based digital asset designed to support charities and non-profit organizations and encourage community participation. PinkCoin is a community and donation-driven, selfless inspired cryptocurrency. PinkCoin also aims to reward its users using state-of-the-art staking technologies unique to PinkCoin, such as flash staking and edge staking.

As per its whitepaper, while PinkCoin was largely generic internally, community leaders emerged who saw huge potential in developing PinkCoin externally and started building a brand behind PINK. New features of PinkCoin include increasing the annual staking reward to 20-30 percent, halving every two years, Flash-Staking (a four-hour daily staking reward increase period), and restoring the PoW mining algorithm using Scrypt (Programming Language).

Flash POS is a POS system that activates four pre-selection hours per day, and its block discovery rate is six times the normal POS rate. The phenomenon releases 20,000 PINK through POS and 36,000 PINK through FPOS every day. Participating in FPOS means earning more daily rewards but at the cost of the accumulated network weight associated with staking 100,000 PINK inputs. De-weighting FPOS participants can reduce pressure on the POS system, increase staking opportunities for those who do not participate in FPOS and make each coin participating in POS more profitable than FPOS, depending on the number of dedicated tokens competing for FPOS blocks.

Donate4Life is the staking component of the PinkCoins charitable donation platform. The platform also allows users to configure their donation profile once and provide permanent support to a cause or organization of their choice.

With the rise of a new wave of community leaders and innovations, PinkCoin continues its goal to this day, bringing consideration and philanthropy to the crypto spotlight.

History of PinkCoin (PINK):

PinkCoin was launched on May 2, 2014, by developer Bigman on BitcoinTalk. The total supply of PINK tokens is 460,321,258 PINK.