Pinkcoin $PINK

Pinkcoin is a unique and innovative cryptocurrency that employs the x11 Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanisms. With a total coin supply of 380 million coins, it managed to complete its PoW period within the first 20,000 blocks, which took a mere 7 days to execute. This cryptocurrency offers a competitive 1% stake interest per year, presenting an appealing wealth-building opportunity for stakeholders. Unlike some other cryptocurrencies, Pinkcoin had no pre-mine or Initial Public Offering (IPO), although it is noted that there seemed to be an instamine for the first 186 blocks, as revealed by a code audit.

Proof-of-Work and Proof-of-Stake Mechanisms

The dual consensus mechanism Pinkcoin employs brings forward the best of both worlds. The Proof-of-Work phase, which concluded in just 7 days after the mining of 20,000 blocks, kick-started the network. Following this, the Proof-of-Stake mechanism took over, offering a lucrative 1% stake interest annually to participants and investors who hold and stake their coins.

No Pre-mine or IPO

One of the distinguishing features of Pinkcoin is its launch without a pre-mine or IPO. This keeps the distribution of coins fair and prevents any individual or group from holding a large amount of coins from the get-go. However, there has been some indication of instamine for the first 186 blocks, as was brought to light by a code audit.

Total Coin Supply

With a total coin supply of 380 million, Pinkcoin has a vast number of coins in circulation. This wide distribution improves liquidity and price stability, thereby enhancing the coin's usability in transactions and as a store of value.