On the heels of BitCoin’s massive success bringing mainstream attention to the cryptocurrency exchange, Precious Investments, Inc. (OTC: PNIK) has released its own cryptocurrecy, the PinkCoin. The PinkCoin is a colorful, fancy diamond-backed currency, which makes it the first of its kind. When compared to other asset-backed currencies, the PinkCoin offers an interesting advantage—real, and increasing value.
Colorful, fancy diamonds equate for only 0.001% of the annual diamond yield, and 90-95% of these diamonds found each year are found in a mine that is expected to be defunct by 2020. Prior to this expected decrease in supply, colorful diamonds have been gaining in value by an average of 13% annually since 1959! They have not decreased in value since that point.
The company’s PinkCoins are currently for sale at https://consquare.io and http://pinkcoin.bitgems.io and buying interest has increased rather steadily since they hit the market. This is a world-first opportunity to own a diamond-backed cryptocurrency, and currency traders seem to be excited by the prospect. They are currently trading around $0.99 per coin and have seen prices exceeding $1.05 in their first week of trading.
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