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Wisdom Points (WP's) are rewarded for consistent and accurate predictions. Learn More about Wisdom Points.
The value of each Wisdom Point or the amount a user can earn is not fixed. What determines the value of a Wisdom Point is the volume of qualifying users and the number of predictions they make in any given quarter.
Wisdom Points (WP's) are similar to Crowd Points (CP's) in that they are earned by completing actions within the Pynk 'Crowd Wisdom' system. WP's are primarily earned by making price predictions on traditional and digital asset classes, completing social tasks or co-creation tasks within our community.
WP's you earn are dependent on the accuracy of your predictions. The more accurate the prediction the more WP's from the Pynk Pool you will win and the more often you predict, the more you will earn too!
At the end of each Wisdom Points exchange cycle, you can exchange your earned WPs for monetary value into the investment portfolio managed by our partners over at Thesis Portfolio or you can donate that value to planting trees (coming soon with more good causes, shaped by the Crowd).
At the end of each Quarter (every 3 months), we will begin the process of exchanging eligible Pynksters' WPs. Depending on how many Pynksters are exchanging in that quarter this process can take a few days - so please be patient. Pynksters who have earned enough Wisdom Points (WP's) in that quarter will be eligible to either withdraw their proceeds or add them as balance into the investment portfolio, managed by our partners over at Thesis Portfolio. This minimum earning amount will vary based on a number of factors each quarter. Any Pynkster who has not earned enough WPs to convert will have their WPs carried over until next month. Check this example.
While you cannot trade WPs, you can exchange your earned WPs for monetary value. By doing so, you can choose to withdraw the proceeds or add them as balance into the investment portfolio managed by our partners over at Thesis Portfolio.
Crowd Points (CP's) are the earned activity points that demonstrate you are an active member of the Pynk ecosystem. To learn more please log in and look at the community page here: Learn More
You do not need to withdraw it. As long as you have updated your USDC wallet address within your Pynk user profile - your USDC will be transferred within 1 working week. Is USDC still missing after that? Contact us: hello@pynk.io
We do not provide you with a USDC wallet ID, this is something you obtain via a 3rd party. We do not recommend any in particular but to give you an idea of the type of company that provide these services, Circle.com and Coinbase are two that you can get a USDC wallet through. We would suggest you do a search for USDC wallets and find the one that is most suitable for you. Once you have this in place, you can add this to your Pynk user profile.
USDC is a stable coin, a type of digital asset which maintains a consistent value with the US Dollar. In other words, 1 USDC = $1. It was launched on the 26th of September 2018, in a collaboration between Circle and Coinbase.
Currently, you can earn USDC in our daily and monthly competitions. $5 USDC prizes are available for each asset class (Bitcoin, NASDAQ and Gold) and a $10 USDC prize is available for the monthly staking contest.
No, this is currently the only digital asset we pay competition winners in.
Although there is currently no limit on the amount of people that you can refer, we would ask that you only refer those that you believe are willing to participate in Pynk on a regular, long term basis. Try inviting your close friends, family members and colleagues. It will make it more fun being able to discuss your progress within the Pynk ecosystem!
Within the app, there is a unique Referral Link which you can copy & paste and post in blogs, social media shares or forums to invite your good friends and family!
Our community members each have a unique referral link which they can use to invite more people who hope to become active Pynksters. Provided their link took you directly to our website (pynk.io) then there should be no issue with following this link. it does not cost you anything and your data is safe with us under United Kingdom law. If you are worried about the link you received because it took via another site or asked for financial, personal or account details, then please get in touch: hello@pynk.io
When your friend joins and completes at least 15 predictions, the system will unlock your referral rewards as Wisdom Points. You will then be eligible to earn life-time WP's for as long as your referral is active and making predictions.
Yes, in order to keep the Pynk eco-system safe we work hard to stop multi-account users and block bad actors who try to earn points via invalid referrals. We have a zero-tolerance attitude towards bad actors and cheaters. Please be sure that you are taking an honest approach at all times to avoid your account being blocked.
Residents from almost any country can contribute to Pynk and convert their Wisdom Points into monetary rewards straight into their wallet.
They are being converted in a certain type of way. While getting the licenses needed to expand availability into the USA is important to us, this is not a priority. Hence, we are ring-fencing USA users' WP earnings. In the meantime, your WPs will be ready and waiting once we get the necessary approvals. We will offer opportunities to donate your earnings to charity as some of our community members have expressed a desire to do this.
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Pynk is a brand name of Crowdsense Ltd. Crowdsense Ltd is not authorised and its activities are not regulated by the FCA. As such any activity you undertake with Crowdsense will not be protected under any investor compensation scheme e.g. the FSCS.
Placeholder is a trading name of Pynk One Ltd (FRN 12940786). Pynk One Ltd is an Appointed Representative of Wealthkernel Ltd (FRN 723719) who are authorised and regulated by the Financial Services Authority. As such your deposits and investments may be protected by an investor compensation scheme i.e the FSCS if Pynk One Ltd is unable to meet its obligations.
