Ink Protocol (XNK)
Ink Protocol is a Decentralized reputation and payments for peer-to-peer marketplaces.
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What is Ink Protocol
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.
DetailsPre-sales: Jan 22, 2018 - Jan 31, 2018
Public sales: Feb 01, 2018 - Feb 28, 2018
Token supply: 500,000,000 XNK
Hard cap: 15,000,000 USD
Raised: 15,000,000 USD
LegalBlockchain Platform: Ethereum
Country limitations: Canada, China, Taiwan, United States
Registration country: United States
Registration year: 2009
Office address: 200 Blossom LaneMountain View, CA 94041United States
Token infoTicker: XNK
Token standard: ERC-20
Token price in USD: 1 XNK= 0.1395303 USD
Token price in ETH: 1 XNK = 0.000133 ETH
Accepted currencies: ETH
FULL Presale Tier 1: 1 ETH = 9,375 XNK (20% discount)
FULL Presale Tier 2: 1 ETH = 8,825 XNK (15% discount)
Presale Tier 3: 1 ETH = 8,350 XNK (10% discount)
6% - reserved for existing Listia User Credits
30% - sold in presale and public token sale
32% - retained by Listia, vested over 3 years
32% - allocated for distribution and incentivizing the network, released over 3 years
Ink Protocol Roadmap
Listia Inc. is founded and receives funding from Y Combinator
The Listia marketplace launches
Listia announces $400K angel round
Listia launches iOS app, announces $1.75MM seed round led by A16Z
Listia reaches 1M registered users, launches Android app
Listia partners with Best Buy to power the Listia Rewards Store
Listia announces $9MM series A led by General Catalyst
Listia allows Bitcoin to be bought and sold in the marketplace
Listia first experiments with creating a cryptocurrency
Listia launches the Credit Exchange, allowing sellers to earn USD
Listia launches Credits + Cash feature
Listia launches Listia Plus
Listia integrates shipping labels and tracking
Listia hits 10M registered users
Listia begins work on Ink Protocol design and whitepaper
Listia publishes website and Ink Protocol whitepaper
Listia introduces the Ink Protocol project publicly
Ink Protocol network goes live and ready for everyone to use!
Launch listia.com XNK integration
Kleros partnership announcement
Bounty0x partnership announcement
Sharetribe partnership announcement
Developer Portal launch (https://developer.inkprotocol.com)