IMPORTANT INFORMATION: Exchanging Wisdom Points for Shares - all you need to know.

There are big things happening here at Pynk over the coming week. Please take the time to read and UNDERSTAND the below.

In the spirit of openness and transparency, we have made some last minute changes to the plan and below I will explain each of them and the reasons why.

The biggest change is that we are postponing ‘tokenising’ Pynk for now, although importantly Pynksters still receive EXACTLY THE SAME VALUE in the underlying asset (shares of the Pynk UK trading vehicle).

Rest assured these steps have been taken with only the very best intentions for Pynk and the wider Pynkster community. Please see below for the rationale on why we have decided to postpone the launch of Security Tokens.

THE PROCESS FOR WP EXCHANGE TO SHARES

As of 30th September 2019 midnight, your Wisdom Points will be reset by the system and converted to shares in your new Pynk Investor Wallet. You’ve worked hard over the past months making contributions to the Pynk community with your price predictions. The time has come to see the fruits of your labour.

KYC stands for Know your Client/Customer and is a regulatory requirement for Pynksters who sign up to our Investor Wallet, including Crowd members redeeming their WPs for shares. Since these shares have a monetary value — KYC is a requirement we cannot avoid. For more information on KYC please see this article from our friends at Investopedia.

Our ‘back-end’ system has calculated the number of shares you have earned and you will soon receive an invitation email from Pynk inviting you to start the KYC and exchange process.

This is the first time we have run this process and since we are now 10.000 strong — we expect the process to be a little slow to start. Please bear with us and rest assured the team are working hard to make it as smooth as possible and that all is in hand ✊

If you do not receive an email by Monday 10th October please email us at hello@pynk.io.

Your shares reflect your ownership of the Pynk trading company, a UK registered investment vehicle.

As the underlying assets of the trading vehicle increase, so will the value of your shares.

Our dev team are working on an investor dashboard so that you can watch the value of your shares increase over time.

Unfortunately, you cannot sell your shares from day 1. We are now building a private market within the Pynk wallet that means you will be able to sell to other Pynksters in the future.

Note we strongly advise you to hold on to your shares for the long term so that you may enjoy the benefits of compounding returns. Like all investments, they need time to grow.

WHAT’S THE BEST WAY TO INCREASE THE VALUE OF MY SHARES?

The short answer is to keep making daily price predictions and completing the long term forecast questions. Pynksters are building an entirely new investment model where they predict, forecast, invest, learn and win together. That’s why there is no ‘I’ in Pynk.

The faster ROSE AI learns from the price prediction data of the Pynkster Crowd — the more efficient Pynk becomes at generating investment returns from the growth of the underlying assets. The % growth of the underlying net asset value is directly proportional to the value of your shares.

Improving the quality of our Crowd is also paramount. We recently cleared the system of inactive Pynksters due to their lack of contribution. Bringing in more and more high quality Pynksters such as yourselves will help with our long-term success. So don’t forget to invite your friends and family. We welcome people from all walks of life — diversity and inclusion is what we are all about 🌈

WHY IS PYNK NOT LAUNCHING SECURITY TOKENS NOW?

To be clear; absolutely our plan is still to launch Security Tokens. We see Security Tokens as a the future growth of the Crypto industry as almost all asset classes become tokenised.

However, after much debate and having consulted the Pynkster Crowd and our Crypto advisors — we have decided now is the not the right time. The reasons for this are:

1. The primary benefit of Security Tokens is to provide liquidity and for that to happen we would need list on an established Security Token exchange. We have been carefully monitoring the development of the very first Security Token exchanges and they do not have the necessary volumes yet. As such there is no liquidity benefit from tokenising Pynk today.
2. There is a significant cost for issuing and maintaining Security Tokens via a third party. These costs are charged monthly and per token issued. Due to the rapid growth of the Pynk Crowd, the total cost would be significantly higher than we originally anticipated. As an early stage startup; we have to consider and analyse every cost in our P&L and assess its worth and ROI. If we committed to these costs - they would in fact have a downward effect on the value of your shares.
3. While Facebook has relaxed the rules on Crypto/Token advertising, this is not consistent or universal across platforms and so blocks our ability to advertise Pynk as an investment company. From 2020, we will be supporting the platform with paid advertising for the first time and so this a potential blocker limiting our growth potential, and in doing so would have an adverse impact on the future value of your shares.

I hope this information is clear and helps you better understand the process behind WP exchange to shares and the reasons behind our decision to postpone tokenisation.

If you still have unanswered questions — jump into our Telegram community, DM us on FB Messenger or drop us an email at hello@pynk.io and we will respond as quickly as possible.

Finally, please keep an eye out for further instruction emails over the next few days.

Mark

Disclaimer: Please bear in mind that this information does not constitute any form of advice or recommendation by Pynk One Ltd. and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Appropriate independent advice should be obtained before making any such decision. When investing, your capital is at risk and you may recover less than the initial investment.