It’s been a while since we updated on our progress here at Pynk. And I’m happy to report we’ve been making great strides forward. We’re still an early stage start-up and we’re now closing our seed round thanks to some recent developments.
At the beginning of this year we released the first version of the Pynk White Paper — and yes we did think about calling it a Pynk paper! While it’s a first version and we will be adding more detail in a version 2.0 — it gives an overview of the project in its entirety for the first time. If you fancy some bed time reading, you can download the WhitePaper from our home page at pynk.io.
More importantly, we also launched our Proof of Concept fund. As those that have been following us will know — Pynk is first and foremost a People Powered Investment Platform. We use the Wisdom of Crowds (WoC) and overlay the data with our machine learning (which we call Rose), before our experts finally sign off on our investment instructions.
We collate the Crowd data via our Alpha product, and despite being at a very early stage with a relatively small crowd — we’ve been able to drive double digit returns in a matter of months, and in some cases weeks. While it’s early days and the team recognises there is still a long way to go — we’re encouraged by these preliminary results and are now scaling up the size of our trading fund.
Getting involved and becoming one of Pynk’s very first Crowd members is easy to do. The promise at this stage is simple — earn Wisdom Points by making daily price predictions, and they’ll represent your future claim to a share of the profits. Just join our Crowd to see our alpha product. As the name suggests it is an alpha so a little clunky, bear with us if you can — our much-improved beta product will be launched in May 2019. Much more detail on this to follow shortly Pynksters!
Team Pynk hard at work
That’s all well and good, but our longer-term vision for Pynk is so much more. Today we are starting narrow with daily price predictions. All successful start-ups start narrow and focus on the ‘edge to their sword’, proving out their commercial viability before delivering on a grander vision. Amazon started selling books from a garage, and Google was a simple search engine. Both of those companies have gone on to become amongst the biggest companies in the world. Pynk’s ambition of course is much more than what we are today.
We’re People Powered because we want to build an investment platform that genuinely gives the everyday investor a fighting chance at an attractive financial future, and to benefit from the forthcoming tech revolutions. Financial education is a key pillar of what we offer; we will provide the training courses necessary to take Pynksters from financial novices to experts. And through the power of the crowd, our machine learning and expert analysis we massively reduce the risk to investors. Investors can either invest their time as a crowd member, or invest their hard-earned money — both of which will give them access to the Pynk STO — and over time will see huge returns.
Built by the people, for the people — we’re building Pynk so the Crowd have a collective voice in how and where their capital is invested. We will incentivise the crowd to behave in a way that benefits individuals, society at large and builds more positive economic and political models. We will ask our crowd to research the frontier tech projects that will do good in the world, and in having the Pynk crowd research and validate these projects — we want Pynk to become a gateway and platform that supports the projects that have purpose built into their core DNA. It’s an ambitious project — but one the founding team are intensely passionate and proud of.
If the Pynk project sounds of interest to you then we need your help and would love to hear from you. Investment experts, techies, entrepreneurs or simply passionate about a better way of doing things — then get in touch. Join the Pynk conversation today or slide into our Telegram group.
Mark Little
LinkedIn: markdmlittle
Twitter: mark_little2