“Paint Token” Its objective is to transact goods and services, setting up a P2P transaction network with the aim of reaching all the countries of the world. They also explain that the objective will be “to position itself as a currency of universal use for tourism and gastronomy, using a mass consumption and low-cost product such as beer as a reference value.”
In turn, “Pinta Token” has its own wallet that allows transactions with the token “to facilitate any operational complexity that may arise in users who are not familiar with blockchain technology and cryptocurrencies.” In this sense, the second objective that they highlight will be didactic, to achieve a greater reach and insertion of cryptocurrencies to all types of users, whether or not they have prior knowledge.
How does it work?
Pinta looks for a reference value that allows it to have stability and predictability with respect to its value. What is the difference with a stablecoin? that its value is variable. It can be used through the “Pinta Wallet” (virtual wallet) available for iOS and Android. that allows you to save and transact.
As part of their commitment, the bars and restaurants that are part of our community agree to accept PINTA as a means of payment in exchange for a measure of beer. The price will tend to oscillate within the range of the market value of the product offered.
Likewise, when the price of the PINTA token is above the value at which a certain bar or restaurant offers the measure of its most expensive beer, it may implement promotional and discount programs of its choice or even offer its product for a fraction of the token, to encourage the use of tokens by users in the community.
The proposal of the PINTA development team promotes the predictability of the value of the token by making public the prices of the most onerous beers of the participating bars and restaurants, so that users will be aware of the product for which the token can be traded, and decide with the information provided what position to take regarding the PINTA token.
Regarding its technical aspects, they explain that the development team will increase the offer to the extent that the demand proposes it, which generates a price supervision mechanism. The PINTA team will deliver the tokens to bars and restaurants that are part of the community, which will function as a point of sale, where users can buy and sell their tokens.
Source: Ambito
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