Sarva G MadaICO team member replied on 8 Jan 2018
About Pocketinns
The Pocketinns Umbrella Project, is a disruptive decentralized online digital nation where a marketplace ecosystem is created for both buyers and consumers around a decentralized blockchain model, The token auction will continue the growth of the Project’s first live marketplace on the blockchain, Pocketinns 1.0, a decentralized marketplace for home and vacation rentals with an inventory of over 50,000 properties in Europe and a community of 1900+ users launched on October 20th 2017. In simpler terms think of Pocketinns as a company operating on the lines of Costco or Netflix where in this case it’s a true community driven peer to peer digital economy with multiple marketplaces that include Travel, Accommodations, ridesharing, car rentals, real estate, ecommerce and thousands of other marketplaces operating under one single ecosystem. These transactions under the Pocketinns ecosystem are supported between the buyers and sellers with its own supporting internal financial network a nd its own internal Pinns currency that powers this ecosystem. This ecosystem will be driven, controlled & majorly managed by its own community as the ecosystem grows. This is made possible with the entire ecosystem operating and transacting with its own currency known as the Pinns tokens. Pocketinns makes this possible by leveraging the power of blockchain technology.
Whitepaper
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Ratings
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Igor Karavaev
Blockchain Enthusiast
Rated on Dec 31, 2017
Rated on Dec 31, 2017
4
4
4
5%
This rating's weight is reduced by 50% as there is no review added.
Hung Chih (Jason Hung)
Cofounder of International Consensus Association, Gamefi, Web 3.0, NFT advisor
Rated on Jan 7, 2018
Rated on Jan 7, 2018
5
4
5
9%
Team ready, idea OK, really detail and comprehensive white paper, product ready to improve. risk low, I give this a high score. With recommend to optimize the vision since there are more competitors will come in.
+3Agree
+2
-1Disagree
Report
Mofassair Hossain
CEO and Founder Perhalic, ICO and IEO Advisor, Investor, PR and Marketing Expert
Rated on Jan 4, 2018
Rated on Jan 4, 2018
4
4
4
4%
This rating's weight is reduced by 50% as there is no review added.
James Sowers
Ico adviser
Rated on Jan 2, 2018
Rated on Jan 2, 2018
4
4
4
4%
This rating's weight is reduced by 50% as there is no review added.
Bobby (Borislav) Iliev
ICO Expert & Advisor | Business Development Consultant | Marketing Strategist
Rated on Jan 16, 2018
Rated on Jan 16, 2018
3
5
2
6%
Really fascinating idea and vision for such a collection of markets. Team look reliable and we can see real efforts are put in the Whitepapers.
In general there are good competitors and specifically in some sectors we see tough rivals. Hard mission to be accomplished by this project!
Will check it again, once the ITO is done!
Agree
0
Disagree
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Vasily Sumanov
ICO advisor, Economy researcher
Rated on Jan 15, 2018
Rated on Jan 15, 2018
4
4
4
6%
It is a very global project with a nice and detailed White paper. It is well known, that the success of the ICO project depend on the involvement of community. As the others experts mentioned, now the project looks like as the touristic project with a grate number of competitors. Of course, you whrite about "marketplace ecosystem", but it is a lot of general words which occur in each project. I would also recommend to describe project benefits in relation to other specific projects, but not to the "all of competitors".
+1Agree
+1
Disagree
Report
Tobias Schulz
Investment Manager, Pre-ICO Venture Capital Investor, ICO Advisor
Rated on Jan 18, 2018
Rated on Jan 18, 2018
3
2
2
6%
No differentiator, a marketplace for everything. Every market has special needs. It is not truly decentralised when an escrow is involved.
Marketing Roadmap is not outlined in detail.
Problem and Solution from the Whitepaper are not clear to me.
Agree
0
Disagree
Report
Toomas Allmere
Co-Founder at the Crypto BrainTrust Syndicate (CBTS) - cbtrust.co
Rated on Jan 2, 2018
Rated on Jan 2, 2018
4
4
4
6%
More and more projects in travel and hospitality industry are showing up. The idea of a marketplace for these services is not new. However, the implementation of blockchain technology in Pocketinns umbrella project has quite an interesting approach, as well as the monetization model of the PINNS token. I’m not sure that they have chosen the right platform (currently, it’s quite expensive for transactions).
+8Agree
+8
Disagree
Report
Sarva G MadaICO team member replied on 6 Jan 2018
Toomas thank you for taking the time to review us. I would like to clarify a couple of points that we are not a travel and hospitality vertical. The travel and hospitality vertical we built is just the first iteration of thousands of marketplaces to be made available on the ecosystem. As nerds we like to call ourselves as an Operating system for an alternative nation where thousands of marketplaces operate under a single ecosystem having its own internal financial network with remittances, payment processors, escrows, short term finance and banking network etc. all of this being transacted with the Pinns currency which functions as the lifeblood of this economy and not as a gimmick token.
"I’m not sure that they have chosen the right platform (currently, it’s quite expensive for transactions)."
You are right but due to capital constraints we are currently using ethereum as our flag off platform and we have mentioned this is our whitepaper that we will be forking and developing our own blockchain in the future to support our ambitions as this is not our ideal platform and this ICO has been done to pursue those milestones.
"I’m not sure that they have chosen the right platform (currently, it’s quite expensive for transactions)."
You are right but due to capital constraints we are currently using ethereum as our flag off platform and we have mentioned this is our whitepaper that we will be forking and developing our own blockchain in the future to support our ambitions as this is not our ideal platform and this ICO has been done to pursue those milestones.
Zahid Imran
ICO expert and Advisor, consultant
Rated on Jan 20, 2018
Rated on Jan 20, 2018
4
4
3
2%
This rating's weight is reduced by 50% as there is no review added.
Vladislav Kuznetsov
Vladislav Kuznetsov
Rated on Jan 21, 2018
Rated on Jan 21, 2018
4
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Ivan Zaytsev
Crypto-currency enthusiast, Marketing specialist
Rated on Jan 10, 2018
Rated on Jan 10, 2018
5
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Anurag Rathore
Ico Advisor
Rated on Jan 13, 2018
Rated on Jan 13, 2018
4
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Cem Goksel Ozargun, MA, PMP, CSM, PSPO
Blockchain Advisor, Blockchain Expert, ICO Investor, Product Manager, Project Manager, Business Analyst, Trader, Lecturer, Jack of All Trades
Rated on Jun 22, 2018
Rated on Jun 22, 2018
3
2
3
4%
Team has ceased activity on Twitter in January.
Telegram channel is closed, the link cannot be found.
Also, there is nothing new on their website. Still, it says the countdown is over.
Looks suspicious to me.
Agree
0
Disagree
Report
Ricardo Ruiz
Ricardo
Rated on Jan 16, 2018
Rated on Jan 16, 2018
4
3
3
2%
This rating's weight is reduced by 50% as there is no review added.
Joao Reis
Investor
Rated on Jan 5, 2018
Rated on Jan 5, 2018
3
3
3
2%
This rating's weight is reduced by 50% as there is no review added.
Sarva G MadaICO team member replied on 6 Jan 2018
Joao,
Thank you for taking the time to rate us. Could you please provide some comments so we may understand better on why the rating was given as 3/3/3 so we too have a good idea on your understanding and can probably provide you valid clarifications if we see a gap. Appreciate in advance for the time you provided us.
Thank you for taking the time to rate us. Could you please provide some comments so we may understand better on why the rating was given as 3/3/3 so we too have a good idea on your understanding and can probably provide you valid clarifications if we see a gap. Appreciate in advance for the time you provided us.
Harsh Patel
Rated on Jan 6, 2018
Rated on Jan 6, 2018
4
4
3
4%
Pros:
Idea have a future, but needs proper execution as well.
Rental space can see very good use of this idea as the deposit and escrows fund management.
Cons:
Lot of competition.
Initial implementation does not promise project success as it does not use Blockchain extensively.
Removing few, most of Applications does not differentiate much from centralised ecosystems.
Agree
0
Disagree
Report
Sarva G MadaICO team member replied on 6 Jan 2018
Harsh this is the Pocketinns communication team, Our CEO's response post was deleted for some reason to your questions and so we are reposting to ensure we have posted a proper open response and analysis to your questions and to ensure integrity of open communication and rating is maintained between both sides. Thank you again for rating us.
Harsh I think there is some confusion that we are a travel and hospitality company which we are not. The travel and hospitality aspect is just the first iteration of multiple marketplace businesses we intend to build. The travel and hospitality vertical we built is just the first iteration of thousands of marketplaces yet to be made available on the ecosystem. We like to call ourselves as an Operating system for an alternative nation where thousands of marketplaces operate under a single ecosystem with this ecosystem having its own internal financial network with remittances, payment processors, escrows, short term finance and banking network etc. all of this being transacted using the Pinns currency as the lifeblood of this economy. The problem is when people look at our product their vision is still aligned by looking at the old school way of doing business and the Pocketinns approach on the product, scale and vision level is massive in ambition
Cons:
Lot of competition - Current competitors are still vertical old school aggregation services and we are looking at disrupting that entire peer to peer space.
Initial implementation does not promise project success as it does not use Blockchain extensively - Yes this project is heavily dependent on the decentralization aspect and the Pinns currency to execute trades which is the lifeline of this project so to execute this project is why we decided to have an ICO as without the blockchain in its entirety we would be a dummy application.
Removing few, most of Applications does not differentiate much from centralised ecosystems -
I think we would have to disagree as this scenario I believe will exist only for a company for eg trying to be an airbnb or uber like vertical service and token utility is next to nothing but in our case by building multiple marketplaces we are decentralizing every aspect of the ecosystem as it is community driven and users will have control over their own value, savings, data and privacy (Please note the same recommendations, reviews, upvoting system will persists, from a quality standpoint nothing changes for the customer it just that the user will have more personal control over these tools through an AI system we are developing which means its business as usual for the customer and buyer). We intend to be the gatekeepers of this ecosystem and have no intentions of being the puppet masters :). Decentralization is power for the people.
Harsh I think there is some confusion that we are a travel and hospitality company which we are not. The travel and hospitality aspect is just the first iteration of multiple marketplace businesses we intend to build. The travel and hospitality vertical we built is just the first iteration of thousands of marketplaces yet to be made available on the ecosystem. We like to call ourselves as an Operating system for an alternative nation where thousands of marketplaces operate under a single ecosystem with this ecosystem having its own internal financial network with remittances, payment processors, escrows, short term finance and banking network etc. all of this being transacted using the Pinns currency as the lifeblood of this economy. The problem is when people look at our product their vision is still aligned by looking at the old school way of doing business and the Pocketinns approach on the product, scale and vision level is massive in ambition
Cons:
Lot of competition - Current competitors are still vertical old school aggregation services and we are looking at disrupting that entire peer to peer space.
Initial implementation does not promise project success as it does not use Blockchain extensively - Yes this project is heavily dependent on the decentralization aspect and the Pinns currency to execute trades which is the lifeline of this project so to execute this project is why we decided to have an ICO as without the blockchain in its entirety we would be a dummy application.
Removing few, most of Applications does not differentiate much from centralised ecosystems -
I think we would have to disagree as this scenario I believe will exist only for a company for eg trying to be an airbnb or uber like vertical service and token utility is next to nothing but in our case by building multiple marketplaces we are decentralizing every aspect of the ecosystem as it is community driven and users will have control over their own value, savings, data and privacy (Please note the same recommendations, reviews, upvoting system will persists, from a quality standpoint nothing changes for the customer it just that the user will have more personal control over these tools through an AI system we are developing which means its business as usual for the customer and buyer). We intend to be the gatekeepers of this ecosystem and have no intentions of being the puppet masters :). Decentralization is power for the people.
Ahmad Younis
Tech Executive, Advisor and Consultant
Rated on Jan 17, 2018
Rated on Jan 17, 2018
4
3
3
2%
This rating's weight is reduced by 50% as there is no review added.
Jiří Fiala
Naeemur Rahman
Rated on Jan 15, 2018
Rated on Jan 15, 2018
4
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Lluis Saltó
Rated on Jan 4, 2018
Rated on Jan 4, 2018
4
3
3
2%
This rating's weight is reduced by 50% as there is no review added.
Farabi Shayor
Technology Researcher | Research Experience Lead | Blockchain Specialist
Rated on Jan 19, 2018
Rated on Jan 19, 2018
4
4
5
1%
This rating's weight is reduced by 50% as there is no review added.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
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Press Releases
Blog
Financial
Token info
Token
PINNS
Platform
Ethereum
Type
ERC20
Price in ICO
1.5200 USD
Tokens for sale
30,000,000
Investment info
Min. investment
1 ETH
Accepting
ETH
Distributed in ICO
20%
Hard cap
46,000,000 USD
Raised
Unknown
Milestones
1
2015
- Pocketinns incorporated as an llc.
- Research on implementing blockchain technology.
- ICO planned and then Shelved as founders Sarva and Smita decide to build the service in stealth with their own savings.
2
2016
- Hiring of third party consultants for Development of Pocketinns 1.0.
- Development of Pocketinns 1.0 commences.
- Setback as hired consultants had to be let go due to non-performance issues.
- Raised a 2nd round of funds through Personal Loans, friends and family and continued working on the Pocketinns project in Stealth.
- Hired new consultants and work recommenced on the project.
- Hired new consultants focused on blockchain development.
- Senior Team members were also added during this period.
3
2017
- Office Relocation to Glen Rock, NJ.
- Integration work commences for onboarding properties through a partnership with various property managers.
- Partnership falls through due to technical issues from the clients end.
- Partnership with various clients for access to home and vacation rental properties for
Pocketinns 1.0.
- Private Beta Launch at the Collision Conference in New Orleans, LA.
- ICO groundwork commences with the writing of the whitepaper.
- Final Development and bug fixes for launch in public beta.
- ICO Legal Team Formed – August.
4
Present
- Pocketinns hires PR, communications and marketing firm for their ICO – October 4th Quarter 2017
- Pocketinns 1.0 launches to the public in Europe with around 50,000 properties – October 4th Quarter 2017
- Pocketinns PR marketing commences for its ICO November, 4th Quarter 2017
- Pocketinns blockchain expo North America 2017, November 4th Quarter
- Pocketinns Launches the Pinns Dutch Auction – Jan 15th Jan 31st 2018 – 1st Quarter 2018
5
1st Quarter 2018
- Implement and Evolve Pocketinns 1.0 to the blockchain platform.
- Within 2 weeks of the completion of the ITO, all PINNS Tokens will be issued to the investors into their ERC20 compliant ether wallets.
6
2nd Quarter 2018
- Based on our current conversation with leading crypto exchanges worldwide, we look to have our tokens registered and listed once all required compliance measures outlined by the exchanges are met.
- Build a sales and marketing, communication and media team by,
7
3rd Quarter 2018
- Implement the PINNS professional community network by end of.
- Model the travel marketplace segment further for scaling purposes by July of 2018 through end of 2022.
8
4th Quarter 2018
- Creation of a technology community platform
- Implementation of the PINNS Payment processor
9
1st quarter of 2019
Laying the foundation for the PINNS One financial network.
10
4th Quarter 2018
- Scaling properties from current 50,000 properties to 4 million properties.
- Create a decentralized data storage facility for PINNS Token holders and community members by.
11
1st Quarter of 2019
Launch the decentralized online PinnCom (Online ecommerce platform), a place for buying and selling various goods and services and creation of a focused business entity to ensure focus and quality in the area.
12
2nd quarter of 2019
Launch the car rental, ride-hailing service, and automotive division by.
- Create an open blockchain-based system where other developers and business owners integrate their goods and services on the Pocketinns platform
13
2019-2025
Complete the Implementation of other key marketplaces, in areas such as Legal, Shipping,
Logistics, and Grocery as well as food delivery, real estate, insurance, media, entertainment by.