The History of Pinkcoin (PINK)


Origin Era – 2014

Pinkcoin was fair launched on May 2nd, 2014, by a developer on BitcoinTalk named Bigman. For the first 7 days of its inception PINK was PoW only, afterwards it became a standard PoS altcoin with an annual staked return of around 1-2%. Although Pinkcoin was largely generic on the inside, strong community leaders emerged who saw great potential in developing Pinkcoin on the outside, and began building a brand behind PINK. 

Only weeks thereafter, suspicions arose that the community was dumped on by its creator when the project was abandoned by Bigman, PINK’s sole developer. It was only beginning and Pinkcoin appeared as if it would simply become another fringe altcoin lost to the crypto-graveyard, but thanks to a vibrant community unwilling to quit, it was not to be, and Pinkcoin survived.

A collation of PINK’s community leaders united with a common cause to bring philanthropy to the forefront of the crypto-scene, and with Pinkcoin as their instrument for altruism, together they formed a new core team to carry development and marketing for Pinkcoin forward into 2015. That founding team, still with us today and credited for Pinkcoin’s first save from delistment and doom, was: Tranzium, CryptoRox, Caligo, and CryptoCayce.

Tranzium and CryptoRox’s fabled crypto-tipping bots, coupled with social media promotional campaigns led by CryptoCayce, led to the emergence of a collection of meme/tipping contests, raffles, online crypto games, Pink Poker leagues, and one of Pinkcoin’s first demonstrated altruistic use-cases after over 100,000 PINK was donated to the National Breast Cancer Foundation using micro transactions powered by PINK’s network. 

When Tranzium created an entanglement engine for anonymous transactions (a must have feature in crypto’s 2014 era), Pinkcoin gained notoriety in advancing popular crypto technologies as well. PINK’s Entanglement Engine’s technical paper was written by Caligo, and promoted heavily by Pinkcoin as a key feature, drawing in an array of new dedicated volunteers to promote PINK’s altruistic cause. This boost in tech and volunteer promoters lead to Pinkcoin’s listing on major exchanges like Bittrex and Poloniex. 

Ninja-dropped developments on top of dedicated marketing campaigns which had dished out 10s of millions of PINK in contest had established a loyal and vibrant community; a second wave of community leaders emerged who had caught the spreading PINK fever. Joining Pinkcoin’s all volunteer core team in late 2014:  Meta, Spock Skywalker, and MadMax04, all of whom are highly involved with the project still today. 

The Crypto Winter of 2015-16

2015 saw the beginning of a multi-year bear market for crypto as a whole, BTC dropped from over $1000 a coin to less than $200, and the future looked bleak across the board. Thousands of coins began to die off through-out the downtrend. But in the face of adversity, Pinkcoin’s core team stayed united, maintained the network, and brainstormed day by day Pink’s pending return to glory. 

To restore its tight community, which had thinned dramatically to kick off the winter, Pinkcoin began to re-organize on Slack. Hosted by Meta, Madmax, Spock, Tranzium, and CryptoRox, Pinkcoin began applying marketing strategies used in 2014 Twitter campaigns to Slack as well. Community activity began to blossom again around creative pink meme and tipping campaigns, Slack tipping bots, comical YouTube videos promoting PINK’s altruistic brand. In addition, the creators of Autoview (Tranzium and CryptoRox) bestowed upon Pinkcoin the opportunity of becoming an initial gateway for customers using their Autoview’s popular trading software platform.

However, as community activity began to return, another critical emergency befell the Pinkcoin dream of bringing altruism to the forefront of crypto. A long-term design flaw from the creator’s code caused the PINK network to become bloated with orphaned staking rewards. Over time, these orphans (almost a third of all staked rewards) caused wallets to freeze up and slow down the computers running them, leading to more and more wallets going offline consequently putting the entire network in jeopardy. It seemed Pinkcoin once again was on the ropes and close to demise, but thanks again to the mastermind handiwork of Tranzium, CryptoRox, and Caligo, it was not so.

Altseason 2017- Part 1

Closing off 2016 and entering 2017, together, Tranzium, CryptoRox, and Caligo conceptualized a new vision for Pinkcoin, PINK V2, which would go on to completely revolutionize the way altcoins stake. With only weeks left before Pinkcoin’s network was predicted to fail, an unprecedented revamp occurred involving one of the highest coin swap turn-outs ever recorded (90+%). 

Pinkcoin’s new features included increased annual staking rewards up to 20-30%, halving every 2 years, Flash-Staking (a period of increased staking rewards lasting four hours spread throughout each day), as well as a return to PoW capabilities using the Scrypt mining-algo. 

It was during this time that a 3rd wave of Pinkcoin core team of volunteers not only boarded the rocket, but supplied it with pink jet fuel. Forging one of crypto’s most prized marketing trios, Msparrow, Riley, and Elypse rejuvenated Pinkcoin’s ANN on BitcoinTalk, PINK’s website, Reddit, Twitter, Facebook, and YouTube account, provided all the designs for Pinkcoin’s merchandise, and along with CryptoRox, set up PINK’s first online store. 

By spring 2017, Bitcoin had surpassed it’s previous ATH and altcoins soon followed suit. Pinkcoin, having just been completely revamped, was in prime condition for the pending altseason, and when it finally hit (April 16th, 2017), PINK surpassed ETH in trading volume on Poloniex for 3 days. The Pinkcoin community once again exploded onto the crypto-scene.

Spotlighting the growing list of Pinkcoin’s features, Spock created PINK’s first official blog, The Great Pink Buffalo, inspired by the PINK community’s ability to stand together and triumph, even during times of uncertainty . Soon after Elypse crowned The Great Pink Buffalo with its iconic pink buffalo logo, creating an instant sensation, and birthing the mascot for the coin at large. 

On May 2, 2017, for Pinkcoin’s 3rd anniversary, Caligo introduced side-staking to Pinkcoin’s bustling community, a revolutionary concept in which staked rewards can be automatically donated to any other Pinkcoin wallet free of transaction fees. Side-staking has since become a staple in Pinkcoin’s arsenal, and a key feature going on to be adopted abroad by several alternative altruistically inspired PoS cryptocurrencies. 

Utilizing donations and unclaimed coins from Pinkcoin’s coin swap in unison with Pinkcoin’s side-staking capabilities, Tranzium and CryptoRox developed Pinkcoin’s first iconic platform, Donate4Life (D4L). With D4L, Pinkcoin was able to introduce several charity organizations to crypto, forging long lasting partnerships with Cardiac Kids of Toronto, and ZwischenRAUM in Switzerland. These charity organizations began receiving Donate4Life’s substantial staking rewards, as will several more in the years to come. All PINK donated to D4L is removed from circulation forever, earning staked rewards which are instantly side-staked to vetted charity organizations. The basic fundamentals behind Donate4Life became a major hit, and before long, D4L’s open spots for recipients were nearly filled to capacity.

In May, Spock wrote the Pink Paper and launched a translation campaign to have it, along with Pinkcoin’s ANN, translated into 20~ languages and circulated throughout the BitcoinTalk forums. MadMax hosted Pinkcoin’s largest meme contest to date with a bounty of roughly $1,000+ in crypto, and Pinkcoin was added to Coinomi’s mobile wallet platform.

That midsummer, Pinkcoin was invited to speak at the B-Infinity convention in Malaysia and was represented by Meta. In late June Pinkcoin was invited to Toronto to participate in the FORE The Kids Golf Tourney hosted by Cardiac Kids, and raised it’s annual $5,000 CAD pledge in one day after showcasing Donate4Life for the first time. Representing Pinkcoin at the event were: CryptoRox, Tranzium, MadMax04, Spock, Elypse, CryptoCayce and Caligo.

Altseason 2017 – Part 2

In the fall of 2017, Pinkcoin greatly expanded its core team adding top community donator, Ree, as well as iconic figures from the 2014 era with CryptoCayce returning to the forefront, along with a new strategic advisor, Coin Artist, and her team of experts in the crypto field. Pinkcoin was featured on OffChain with Jimmy Song, and CryptoCayce donated enough PINK to pay for several students to attend Jimmy Song’s courses on blockchain development free of charge. 

Relief.With.Pink was developed by Tranzium and CryptoRox for a promotional campaign led by CoinArtist and CryptoCayce to raise aid for Hurricane Harvey and Hurricane Irma. Sponsored by a one-of-a-kind gift from CollinCrypto, Relief.With.Pink raised donations amounting to $5,000~ in crypto for Hurricane Harvey relief efforts, and $60,000 in crypto for Hurricane Irma relief efforts, becoming Pinkcoin’s largest fundraiser to date. Later that fall $18,500 in crypto was raised for Solar Kits for Change using the same releif.with.pink concept. 

CoinArtist conceptualizes a PINK-themed neon-dystopia idea for playing cards which was then designed by Diego Rodriguez and integrated by Tranzium and CryptoRox into PINK’s Twitter tipping-bot. A new marketing game was promoted called Pink Wars, whereby players using reply commands could play the classic card game War directly on Twitter. Losers were encouraged to donate to one of D4L’s staking rewards pools. Elypse partnered with community leader CoinJavis to bring the playing cards to life, and they are currently the most sold item at Shop.with.Pink. 

CoinArtist, with the help of HotKatchina, releases a puzzle with a hidden key to unlock a Pinkcoin wallet winning 100,000 Pinkcoin stored inside. The puzzle was solved 4 months later in January 2018 when the PINK prize is valued at over $15,000.

That October Pinkcoin was represented by CoinArtist, CryptoCayce, Caligo, MadMax, Ree, and Spock at BlockCon 2017 in Santa Monica for a 2-day event. PINK was featured in several interviews and showcased Donate4Life from a custom made booth hand built by Elypse. The event concluded with a speech to journalists and entrepreneurs by Caligo and CryptoCayce, as well as a visit to Pinkcoin’s booth by none other than Dorian Nakomoto. Nakamoto was sighted wearing his Pinkcoin hat at LAX later that month in a viral post on Reddit. 

Over the holidays, Tranzium, CryptoRox, and CoinArtist teamed up to bring a Dungeon Crawler game, as well as a 31 Days of Giving promotion to Twitter using tipping-bots to award 100s of thousands in donated PINK to eager players. Val Kilmer participated in playing in 31 Days of Giving for his personal charity organization (yes, that Val Kilmer).

To conclude 2017, Meta made a $5,000 donation to feature Pinkcoin on the cover of the Standard Catalog of Cryptocurrencies 2018, and Ree donated $20,000 to secure Pinkcoin.com for Pinkcoin.

2018-19 Bear Market Part 1

Pinkcoin experienced its first of many network attacks on Christmas Eve 2017, when malicious miners exploited an unknown bug to succeed in attaining 51% of mining power. Thanks to quick action by Caligo, along with the help of dedicated testing by Spock, a remedy was found and the network was secured over Christmas Day. 

In early January 2018, Bitcoin rose to its ATH (to date) then gradually carried the entire market down with it for the next 18~ months. While another era of bear market conditions transpired, Tranzium created Headlamp with a UI designed by Riley. Headlamp allowed Twitch streamers to mine PINK and donate mined PINK with spare computing power; it was released as a Chrome plug-in in mid-2018. Later that year, Elypse formed a partnership for PINK with the Connected Foundation, who were then set-up to receive donated staking rewards from Donate4Life.

In August Pinkcoin was delisted from Poloniex; Bittrex becoming Pinkcoin’s primary exchange. Later that fall, Digital Citizen’s Fund became the first charity organization ever to be sponsored by a D4L staking pool with proceeds donated entirely by an anonymous benefactor (1,000,000 PINK).

Leading into September, Pinkcoin was showcased at Voice of Blockchain 2018 in Chicago by CryptoCayce, Ree, Spock, and Caligo. CryptoCayce represented Pinkcoin on the panel for social good, while Caligo represented PINK on the panel discussing voting consensus in blockchain technology. Stunning custom booth materials were once again provided by Elypse. To kick off the event Caligo released FPoS 2.0, which frees up computer power used to flash-stake by increasing the block size necessary to participate in flash-staking to 100,000 PINK. FPoS 2.0 became a major success and added an additional staking feature to an already decorated cryptocoin.

PinkPi is conceptualized by Meta and Elypse as a low-power staking device that syncs to users smartphones. It was initially developed by community leader, Originaux, but the project was eventually passed on to Tranzium who finished PinkPi’s development, with Riley providing assistance on PinkPi’s user interface. Elypse organized a partnership between Pinkcoin and PiSupply securing a 10% donation to D4L for every device sold, and in late summer 2018, PinkPi was released. 

As the market declined, hash-rates declined as well causing Pinkcoin to be attacked by malicious miners attempting a 51% attack once again; checkpoint nodes were introduced by Caligo to prevent further disruptions. Community leader Ohtar4ever stepped up with a save assisting with troubleshooting PinkPi wallet updates throughout the attacks. .

2018-19 Bear Market Part 2

In 2019, Caligo passed the lead wallet developer baton over to Pinkcon’s most coveted community leader, Astrych, who went on to re-skin Pinkcoin’s desktop wallet with major user interface improvements designed by Riley. Caligo continued to participate heavily combating network attackers, retaining a supporting dev and advisory position. 

To start of the year 2019, Riley upgraded Pinkcoin’s logo and branding, and helped Msparrow revamp Pinkcoin’s website with improved infographics and a more digestible homepage. The Great Pink Buffalo blog was later integrated with GetStarted.With.Pink. 

That March, Spock kicked off one of Pinkcoin’s largest grand prize pools of Pinkcoin ever raised via side-staked donations (200,000 PINK) for a 3 month long digital arts contest judged by crypto-twitter celebrity figures and Pinkcoin community leaders.

That summer, Pinkcoin underwent its first block reward halving.

For Pinkcoin’s 2019 summer update, Tranzium and CryptoRox ninja dropped Donate4Life 2.0 in beta mode, showcasing a planned revamp of Donate4Life which will allow for any PINK user to create a charitable campaign and receive D4L’s staking rewards. Donate4Life 2.0 also allows for any Pinkcoin holder to vote for their favorite campaigns; campaigns receiving the most votes, likewise, receive the most D4L staking rewards. Donate4Life 2.0 staking rewards are later coined “Grubstakes” by persistence from Spock.

Leading into autumn 2019, Caligo and Astrych teamed up to release a hard fork which makes Pinkcoin once again fully PoS, eliminating the threat of malicious miners attempting 51% attacks. PoS rewards are reduced by 2/3rds but are rewarded more frequently; FPoS 2.0 remains unchanged. 

With a rising new wave of community leaders stepping up in force, and new innovations underway, Pinkcoin continues its goals to this day bringing altruism and philanthropy to the limelight of the crypto scene.

Where is PINK going from here?

Future

Pinkcoin is currently working behind the scenes on:

  • PINK V3 update, which will be the most ambitious expansion since PINK V2 was released in 2017. PINK V3 will introduce a totally new blockchain and a unique to Pinkcoin mining algo. 
  • Concluding D4L 2.0 beta testing and updating Donate4Life to Donate4Life 2.0
  • Reintroducing a Pinkcoin fan favorite, PinkBot, from Slack into Discord. 
  • Launching an animated Pink Podcast, which will give updates on campaigns featured on D4L 2.0 as well as deliver Pinkcoin news.
  • Formering long lasting cooperative partnerships with other charitable coins teams like GridCoin
  • Bringing in new trusted volunteers from the Pink Community into the core team to help build PINK for the future and beyond
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