The Pocketinns Umbrella Project — the online community driven marketplace ecosystem for both sellers and consumers around a decentralized blockchain model.
The Pocketinns Umbrella Project is a revolutionary online community driven marketplace ecosystem built around a decentralized blockchain-oriented model.
It is a marketplace for both sellers and consumers. It is designed to enhance ease of transactions while maximizing trust, safety, value, and savings, all while maintaining a true decentralized network.
The token auction will start on January 15th, 2018 (10am EST) and the auction ends on January 31st, 2018 (10am EST) and will accept ETH as a form of funding.
The PINNS token auction will follow the reverse Dutch Auction, in which an initially high offering price is lowered by increments until a buyer or, as in U.S. Treasury sales of securities, sufficient buyers are found.
The Pocketinns contract is supplemented with the logic of funds receiving with three constraints on time (16 days), amount raised (46 Million USD) and Hard Cap (30 Million) tokens sold.
In order to make it possible to transfer the funds to the contract, the contract owner have to call the startICO() function, after this it will be possible to transfer funds to the DutchAuction Contract address. When sending funds to the pinnsDutchAuction contract, itoBids service variable records how many ETH was sent by the investor during diferent time of the complete Dutch Auction.
After the Dutch Auction, the leftover tokens for ICO are Burnt and the Last price per token gets fixed by finalizeAuction() function. Tokens can be claimed by the investors after the Auction ends using claimTokensICO() function.
Additionally, first four days investors will be given Bonus Tokens as per the funds sent by them. Bonus Token distribution will start once the contract owner calls startGoodwillDistribution() function.
Good will Tokens can be claimed by the investors after the Auction ends using claimGoodwillTokens() function passing the address of goodwill token receiver as an parameter.All the functions and state variables are well commented using the natspec documentation for the functions which is good to understand quickly how everything is supposed to work.
Jan. 15, 2018 – Jan. 31, 2018
Additional tokens will be distributed to
Reverse Dutch Auction
Will be destroyed
Princeton, New Jersey, USA
Under USA Embargo
|Min/Max Transaction Amount:||
1 ETH / Unlimited
After a Cap is reached