On the lookout for new ways to build #passiveincome in order to fund my #earlyretirement, I came across Pynk.
Pynk is still a Beta version of an investment platform. Their platform is looking for two type of investors:
- Time investors
- Cash investors
The time investors can invest their time into the platform to make predictions on the value of Bitcoin or they can do a forecast on different type of commodities.
By participating in the platform you can get crowd points, which you can use a collateral for earning wisdom point. For logging in you receive points, for answering forecasting question you receive points, but once you forget to log in for a day some points are deducted.
The accuracy of your daily prediction will than define the exchange ratio of your crowd points into wisdom points. The more points you bet and the closer your prediction is to the reality the more wisdom points you earn.
Than once per quarter your wisdom points are converted to Pynk points, which serve as shares in the Pynk investment fund and with that you will get your share in the profits from the Pynk investment fund.
If you can achieve a top 20 result at the end of the month, you can get an additional USDC reward.
The data provided by the time investors are fueling the artificial intelligence, which is a big part of the trade input process.
Soon you will also be able to purchase Pynk points to fund the investment portfolio and to have Pynk to work with your money to earn more. Of course a portion of this profit will be shared with the "time investors"
At this moment I am a "time investor" but as soon as it is possible I will become a cash investor as well with the purpose to achieve my #111Months challenge an retire at the age of 55!
Pynk has a very lively community on Telegram and is worthwhile to bring the Telegram page a visit for more info and for becoming a part of this very supportive community
If you appreciate this blog, please use my referral to join Pynk: