Ink (INK) Review, Price, Market Cap and more | Coinopsy

Ink (INK)

Ink (INK) - To the bone

Ink has 10 million active users, it has a working product and has a strong road map ahead. It may face some problems with larger markets but so far it seems to be successful...
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Ink's current price is $0.001 USD. In the past 24 hours, Ink's price has increased by +18.5 percents..
INK
Name (Ticker)
Ink (INK)
Price (USD)
$0.00136484798526
Rank
242
Active Supply
463.9 million
Total Supply
1.0 billion
Max Supply
1.0 billion
Volume(24H)
118643
Market cap
633167
Fun Name
To the bone
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Pros

  • Developing marketplaces
  • Free market

Cons

  • No physical or digital backing (asset, profits, commodity)
  • Needs larger adoption

Review

Ink has 10 million active users, it has a working product and has a strong road map ahead. It may face some problems with larger markets but so far it seems to be successful.

Ink was developed by a company called Ink Labs Foundation. The parenting company run a marketplace designed for users to credibly buy and sell unwanted goods using in app credits.

Inbuilt trust system

The Ink token is build using the Ethereum blockchain and in turn uses an Ethereum address, This address is effectively the identity for the users when they register for any market place that is adopting of Ink and the address is verifiable since all purchases will be received and sent by that address.

Users of a market place that adopts Ink are able to leave reviews with every purchase which is stored within the transactional information as part of the smart contract.

Another attractive appeal about Ink coin for developing marketplaces is that any marketplace that adopts Ink Tokens as form of payment will already have a prebuilt trust and review system.

Intermediary parties

Ink Tokens are kind of like getting a $20 voucher as a present, Those tokens can only be spent on marketplaces that have adopted Ink as a method of payment. Where as $20 can be spent anywhere that accepts fiat currency making it way more useful. 

Ebay and Amazon will always have fiat in exchange for goods and in doing so it makes the purchasing process easier. While it’s not a huge con since it is currently a minor player, I would assume that upon seeking larger adoption a few things might need to be changed.

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Team

Team

  • Tsukikawa Yuu
  • Walter Komarek
  • Choi June
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