Ink Protocol 2.25/5 (1)

Ink Protocol

Online marketplace
Ink Protocol will become the new reputation and payment system within the Listia marketplace. Existing users with Listia Credits will have their balances converted to XNK, providing the token with a tremendous boost for initial usage, stability, and network effects on day one.


2.3

HypeSecurityTeamVision
2.03.01.03.0



Starts in
6 days
28 Feb 2018

TokenXNK
Price in ICO1 ETH = 7,500 XNK
CountryUnited States
preICO start22 Jan 2018
preICO end22 Jan 2018
ICO start28 Feb 2018
ICO endTBD


  • ABOUT
  • TEAM
  • MILESTONE
  • FINANCIAL
  • SECURITY
  • MEDIA

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.

Team

TEAM
Gee-Hwan Chuang
Co-Founder & CEO, Listia
James Fong
Co-Founder & President, Listia
Ngan Pham
CTO, Listia
Charles Huang
Mobile Developer, Listia
Xenor Chang
Developer, Listia
Lake Chang
Developer, Listia
Jerry Chen
Developer, Listia
Natalie Acosta
Member Support, Listia
Ricky Lugonja
Member Support, Listia
Ashton Lauren
Member Support, Listia
ADVISOR
Philip Krim
Co-Founder & CEO, Casper
PARTNERS & INVESTORS
Quantstamp
The Protocol for Securing Smart Contracts

Milestones


  • 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 public launch and token distribution event

  • Ink Protocol network goes live and ready for everyone to use

  • Listia.com XNK integration goes live

  • Ink Pay App and Developer Portal launch

  • Launch Reputation Aggregators and work on Marketplace Partnerships

  • Ink Protocol services, integration into existing marketplaces, developer community

Financial

Token
PlatformEthereum
Price in ICO1 ETH = 7,500 XNK
Investment Info
AcceptingETH
Tokens Distribution32% - ​Listia
32% ​- Distribution ​and ​Network
30% - pre-ICO and ICO
6% - Reserves
Hard cap500,000,000 XNK

Security

Legal entity

Registered Address: Santa Clara, USA

https://businesssearch.sos.ca.gov/CBS/Detail

Prehistory of project

Team is working at Listia auction company https://www.listia.com/

  • Launched 2009
  • 10M registered users
  • 100M items sold

There are Android and iOs apps:

https://play.google.com/store/apps/details?id=com.listia.Listia&hl=ru

https://itunes.apple.com/us/app/listia-buy-sell-and-trade/id429870253?mt=8

Product or its MVP

Ink Protocol is used to convert existing currency to tokens.

These tokens will be created only after ICO ends.

Blockchain experience

Partners with Qiantstamp https://blog.goodaudience.com/ink-protocol-and-quantstamp-partner-up-to-deliver-secure-decentralized-reputation-payments-for-56da9d8cfe43

No other blockchain experience of team members and advisors found.

Escrow

No ICO escrow information. Only in-app-escrow terms described to protect users accounts.

Comments

Update: 15.01.2018

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