Ink Protocol (XNK)

Ink Protocol (XNK) is a decentralized reputation and payment system designed for peer-to-peer (P2P) marketplaces. Built on the Ethereum blockchain, Ink Protocol provides a secure and transparent platform for trusted transactions. Users can view a seller’s reputation, pay with escrow, and leave feedback for completed transactions, reducing uncertainty for buyers. Sellers can take their reputation across different marketplaces, ensuring their credibility. Ink Protocol can be integrated into various platforms and used for any P2P transaction, regardless of the marketplace handling payments.

The Listia marketplace is one platform already utilizing Ink Protocol. With over 10 million registered users and millions of items listed, Listia allows users to buy and sell a wide range of products using XNK as a virtual currency. Ink Protocol also offers additional tools such as Replin, a seller reputation app that helps build trust and reputation across multiple marketplaces, and Ink Pay, a decentralized payment solution for third-party platforms like Craigslist and Facebook Marketplace.

The underlying currency for Ink Protocol transactions is XNK, an ERC20-compatible token. All transactions and feedback on Ink Protocol are backed by proof of payment stored on the blockchain. Mediators who assist in dispute resolution are also rewarded with XNK for their services. Ink Protocol has formed partnerships with various marketplaces, payment apps, and mediation services, offering a versatile ecosystem for a wide range of P2P transactions.