[ANN] Pink: Escort startup Series A share sale

[bradpink]

Is there any other ICO with Pink in its name?

There is Pinkcoin: https://pinkbuffaloz.com/

[1714164624]

1714164624

[1714164624]

1714164624

[Sarah_PinkApp]

We've posted a preview video here:

https://vimeo.com/237475162

[tirailleur]

1) How do you plan to distribute an app, related with the prostitution?
2) Where I can find your whitepaper, or another doc, that justifying $1.5M min cap?
3) If you don't collect $1.5M  I will be able to receive my funds back? What is the procedure? I can't find info about it on your site
4) Where I can find final address in ETH, BTC or XMR where ICO funds are stored now? It seems that you have raised $700k+ already, by the info on the main page.
5) I've mistyped the address of your page pikapp.io and found that there is another site on the address https://pink.io is it yours?

Thank you for your questions.

1 - First step will be an HTML5 site that works well as a mobile site. Then make it a Progressive Web App. Finally, we will ship an Android APK.

2 - Our website (https://pinkapp.io) and Medium account (https://medium.com/@PinkApp) have details on our plan. We are not a tech company, so a whitepaper is not a good fit. That said we will be adding more information to the main site, in particular, why we need so much money (growth).

3 - If we don't reach $1.5M we will consult with investors and determine a plan. A popular plan right now is that we work to create a beta/testnet on the current funds, then raise money for a full launch.

4 - Funds are moved into Monero. Monero transactions do not show amounts. We're not publishing any of the tx keys, because Monero's privacy model requires a lot of work for high-value targets to use correctly (search for Monero EABE attack for more info).

 5 - We are not related with Pink.io.

Andoid apk? Seriously? Its really hard to imagine how average user of sexservices or an escort-girl will be able to install it. Apple users will be prohibited?
You've said that pink is not a tech company, but you're using cryptocurrencies to receive investments and plan to build innovative network-based service. And, for sure, you have a plan to build an App. Still think that you're not a tech company?
So, you basically have no plan how to refund your investors. And you cannot show the proofs of the total amount you've raised. So investors just cannot be sured that min cap is reached (or not). Is the counter on your site the only information source for the total raised amount? It doesn't inspire confidence.
I was the one of the first Eros.vision investors, it was my fault, and i've lost my funds due to poorly explored project to invest. The next scam was lust, they've been busted just in time. And now there is 3 more projects in sex industry. All of them are poorly represented. And all of them have red/yellow flags.Definitely scam possibility is high here. I'll investigate this.

[BuyingFast]

We've posted a preview video here:

https://vimeo.com/237475162

Looks good. Have you started working on the code?

[BuyingFast]

1) How do you plan to distribute an app, related with the prostitution?
2) Where I can find your whitepaper, or another doc, that justifying $1.5M min cap?
3) If you don't collect $1.5M  I will be able to receive my funds back? What is the procedure? I can't find info about it on your site
4) Where I can find final address in ETH, BTC or XMR where ICO funds are stored now? It seems that you have raised $700k+ already, by the info on the main page.
5) I've mistyped the address of your page pikapp.io and found that there is another site on the address https://pink.io is it yours?

Thank you for your questions.

1 - First step will be an HTML5 site that works well as a mobile site. Then make it a Progressive Web App. Finally, we will ship an Android APK.

2 - Our website (https://pinkapp.io) and Medium account (https://medium.com/@PinkApp) have details on our plan. We are not a tech company, so a whitepaper is not a good fit. That said we will be adding more information to the main site, in particular, why we need so much money (growth).

3 - If we don't reach $1.5M we will consult with investors and determine a plan. A popular plan right now is that we work to create a beta/testnet on the current funds, then raise money for a full launch.

4 - Funds are moved into Monero. Monero transactions do not show amounts. We're not publishing any of the tx keys, because Monero's privacy model requires a lot of work for high-value targets to use correctly (search for Monero EABE attack for more info).

 5 - We are not related with Pink.io.

Andoid apk? Seriously? Its really hard to imagine how average user of sexservices or an escort-girl will be able to install it. Apple users will be prohibited?
You've said that pink is not a tech company, but you're using cryptocurrencies to receive investments and plan to build innovative network-based service. And, for sure, you have a plan to build an App. Still think that you're not a tech company?
So, you basically have no plan how to refund your investors. And you cannot show the proofs of the total amount you've raised. So investors just cannot be ensured that min cap is reached (or not). Only information about already solded shares is the counter on your site? It doesn't inspire confidence.
I was the one of the first Eros.vision investors, it was my fault, and i've lost my funds due to poorly explored project to invest. The next scam was lust, they've been busted just in time. And now there is 3 more projects in sex industry. All of them are poorly represented. And all of them have red/yellow flags.Definitely scam possibility is high here. I'll investigate this.

Why are Android apks difficult to install? Don't you just copy the file on the phone, then run it?

[bananafana]

We really should stop disparaging users of such services, or the people that would sell their services through the app. They've used technology before, they can handle learning a new tech process if it's for their good.

[bradpink]

Andoid apk? Seriously? Its really hard to imagine how average user of sexservices or an escort-girl will be able to install it. Apple users will be prohibited?
You've said that pink is not a tech company, but you're using cryptocurrencies to receive investments and plan to build innovative network-based service. And, for sure, you have a plan to build an App. Still think that you're not a tech company?
So, you basically have no plan how to refund your investors. And you cannot show the proofs of the total amount you've raised. So investors just cannot be sured that min cap is reached (or not). Is the counter on your site the only information source for the total raised amount? It doesn't inspire confidence.
I was the one of the first Eros.vision investors, it was my fault, and i've lost my funds due to poorly explored project to invest. The next scam was lust, they've been busted just in time. And now there is 3 more projects in sex industry. All of them are poorly represented. And all of them have red/yellow flags.Definitely scam possibility is high here. I'll investigate this.

For people using Pink often enough to warrant using the app, installing the APK is not a big deal. For many users this is 3 clicks to enable, then click to install.

LegalZoom and Dominos Pizza ship iOS and Android apps, are they tech companies? It is an argument over words and we probably agree on the details. The point is that Pink is not inventing new technology. We're applying existing well-known technology in a straightforward application. Only our plans for automatic-profile-customization are remotely high-tech because somewhere down the line we want to make that ML & AI driven.

We're only at the cutting edge when it comes to applying security and privacy technology. For privacy we aren't showing any wallet information. Look up Monero EABE attack, we face a much more powerful version of that.

Pink definitely falls into the high risk category of investment. We could simply walk off with the money! This is completely true, yet the most uninteresting aspect of any analysis. I do not think Pink is higher-risk than other ICOs. Many of them require a token for usage, even when it is terribly obviously a horrible decision. Pink has an easy-to-understand business model. As far as escort services go, Pink is the only one with a possibly-functional design. I think Pink is the only one with an active sex worker on the executive team.

So yes, Pink could be a scam. As written on our site: Until we ship, we can't convince people otherwise. Anything we say will be countered with an aha-that's-what-a-scammer-would-say, and turns into a ridiculous Princess Bride scenario. So review our materials, chat with us on Slack, make a determination for yourself. After you've decided we're not a scam, then critically review the actual product being proposed. Compare it to Eros.com and Eros.vision, compare it to SSIO and Backpage, compare it to Slixa, and even ECCIE or TER. Then decide if we have the next unicorn on our hands or not.

[ghoomp]

Hi!

I'd like to introduce you to Pink (https://pinkapp.io, https://medium.com/@PinkApp, https://twitter.com/@goPinkApp). Basically, we wondered if sex work was entirely legal, no restrictions, what would the startups in that area look like? Pink is the result of that idea. By operating as an extrajurisdictional company, we put morality over legality. An anonymously operating escort agency. Or, to be all Silicon Valley, Uber Meets Tinder or some obnoxious mash-up line like that.

Why should it be anonymous? My personal opinion is I don't like this idea and certainly on sex industry level.

[jimrome]

It is good to see new projects coming out in this platform but i am still not sure what you are going to fulfill here as there are many promising apps which does a decent job,sure you could have a billion dollars if you set things the right way but tinder is the worst dating app i have seen and i really do not like to see those settings being rolled over and if so i can guarantee that this will be a failure .

[bradpink]

We've posted a preview video here:

https://vimeo.com/237475162

Looks good. Have you started working on the code?

We've started on parts of the backend.

[bradpink]

It is good to see new projects coming out in this platform but i am still not sure what you are going to fulfill here as there are many promising apps which does a decent job,sure you could have a billion dollars if you set things the right way but tinder is the worst dating app i have seen and i really do not like to see those settings being rolled over and if so i can guarantee that this will be a failure .

We will offer a traditional search system with endless listings. I will not argue if Tinder is a good or bad dating experience. What matter is that Tinder has very high engagement levels and that is something we want to seek. Furthermore, a UX that encourages clients to view more providers and rate them, even with swipe left v right is good for us. It provides us valuable data that we can use to increase revenue.

A super simple example: Some clients prefer some aspects of a body, such as the chest. Others want booty. There are countless providers that have great attributes on both sides, which to highlight? Our system will know the preferences a client shows, and thus can display the most attractive photos on a per-client basis. No other system can do this. I expect this feature to be copied pretty quickly after we launch though!

And this example is very limited, just playing off the old T&A concept. There are many more dimensions. For instance, selfies v pro photos. We believe that for any given provider, their reach of interested clients is at least 50% more than what they can accomplish with a single static profile. Pink's dynamic profiles will give them that reach without the provider having to do anything.

[bradpink]

I'd like to introduce you to Pink (https://pinkapp.io, https://medium.com/@PinkApp, https://twitter.com/@goPinkApp). Basically, we wondered if sex work was entirely legal, no restrictions, what would the startups in that area look like? Pink is the result of that idea. By operating as an extrajurisdictional company, we put morality over legality. An anonymously operating escort agency. Or, to be all Silicon Valley, Uber Meets Tinder or some obnoxious mash-up line like that.

Why should it be anonymous? My personal opinion is I don't like this idea and certainly on sex industry level.

If the core team that runs the platform is not anonymous, then law enforcement will simply arrest them or sue them. This would have a negative impact on the uptime of the service.

[bradpink]

We really should stop disparaging users of such services, or the people that would sell their services through the app. They've used technology before, they can handle learning a new tech process if it's for their good.

A lot of clients or non-clients simply have no clue what they are talking about. Many providers are absolutely top-notch professionals. Sex work is work and is a lot more than just sex. People, especially guys, think hey, have sex, get paid, easy! In reality it's running your own brand, marketing, screening customers, maintaining secrecy. Dumb providers do not do well.

Providers as a group will have a far easier time installing an APK than the general population. It's not a hard task at all.

[johnnywoo2015]

Hi,

Please explain me more about your extrajurisdictional company? How this can be legal?
If you can really make it legal, this could be one very promising project.

[bradpink]

Please explain me more about your extrajurisdictional company? How this can be legal?
If you can really make it legal, this could be one very promising project.

Legality is defined on a specific jurisdiction. It's legal to sell Kinder Eggs in some places, but not in the U.S. Sex work, and all the surrounding work (advertising, accounting, payment handling) is not fully legal in any specific existing jurisdiction. And even if it were, even if Pink could be fully licensed in Australia for instance, it would still be offering illegal services in the U.S. The U.S. could then apply legal pressure on Australia to extradite us or otherwise cause problems. Or the next time we're travelling, they could grab us, even illegally. In short, it is not a good tactic to rely on the legal protection of a particular country.

To work around this, we do not operate in any particular jurisdiction. We are extrajurisdictional. Easier said than done! To get it done, we use tight opsec to ensure anonymity of our core team and server platforms. More details here: https://medium.com/@PinkApp/pink-app-trading-latency-for-anonymity-and-other-techniques-815ee21c6da4

By having a very small core team, we can operate outside of existing jurisdiction, and thus they cannot enforce their laws on us. Think of it as a pocket of cyberspace allowing cypherpunk libertarian values. As far as it being legal, that depends on who you ask. The US Government will not agree: We are offering shares that are not regulated by the SEC, but the US says we must register with the SEC. So it's an impasse. They insist it applies, we insist it does not. Unless they defeat our security systems then physically grab us they cannot do much about it. And even if they do physically grab us, we are setting up contingency plans to allow investors to select a successor team to control the platform and run it. Same contingency plan if we were to all suffer a heart attack or other disaster.

This is not our first rodeo, and our design as linked above has received very positive feedback. Once we are funded, we will seek a third party security audit, to assure people, even more, that our opsec remains onpoint.

[BuyingFast]

We've posted a preview video here:

https://vimeo.com/237475162

Looks good. Have you started working on the code?

We've started on parts of the backend.

Awesome, as that's the hardest part.

[deeltje]

What is the soft cap on the sale?

[deeltje]

Sorry, I always confuse these. What is the hard cap actually? Or what are them both?

Soft cap is the minimum that must be raised for the crowdsale to be considered a success, and the hard cap is the maximum amount that is accepted as investment in total.

Also, will the hard cap be encoded in the contract?

[liviux]

There's another coin PINK and it's something totally different )))

[deeltje]

There's another coin PINK and it's something totally different )))

Yeah, we'll have cryptocurrencies and ICOs for every color soon.