Points (PTS), the first truly scalable blockchain data collaboration protocol for better credit scoring and inclusive finance, announces the launch of its first ecosystem application and digital asset management tool, Coninsta.
For the first time, Coinsta democratizes wealth management products, normally reserved for high net-worth individuals. Through the Coinsta app, customers can invest as little as 0.05 Bitcoin (BTC) for the opportunity to generate up to 8% in annual returns, backed by low-risk arbitrage quant trading algorithms managed by professional teams
To gain access to these financial products, users must pass Points (PTS) Know Your Customer (KYC) verification. Additionally, users are encouraged to contribute their personal data within Coinsta’s digital identity management interface, in exchange for credits in PTS tokens, which can later be used as coupons or more.
“We believe that in the future, your personal data will become another form of a currency that you can optionally participate in exchange for access to benefits, including financial products as we’ve introduced in Coinsta,” said Sarah Zhang, CEO and Founder of Points (PTS). “Coinsta is the first to empower investors with a financial product that offers lower risk than simply holding your Bitcoin in this bear market.”
Included in Coinsta is also an aggregated AI-powered news feed for crypto investors to read the latest, quality stories from the cryptocurrencies, regulatory news, or blockchain startups that you want to follow.
Developed by Points (PTS), Coinsta is the first of a planned ecosystem of applications developed on top of the PTS protocol, however the company foresees and encourages developers interested in developing on top of the PTS protocol to reach out. The PTS protocol provides developers with easy-to-use tools to build secure data collaboration applications.
“With our testnet running and with the introduction of Coinsta, we’re excited to be leading the way in building applications that empowering people to manage their own data, and we’re inviting blockchain startups to join in on participating in the development of our ecosystem,” said Zhang.
At launch, Coinsta will first be made available on Android.
Points (PTS) has raised a total of $8 million in funding from traditional and blockchain venture capital including Digital Horizon Ventures, Cherubic Ventures, Ce Yuan, Ontology Foundation, Nest.Bio Ventures, and Zhong Cheng Xin Credit Technology.
- The Media Kit for Points can be accessed here.
- To learn more about Points, visit https://Points.org.
- Follow Points on Twitter @PointsPTS
- Follow Points on Telegram https://t.me/joinchat/IjOXLBL2MUeEdmUonyd_qQ
- To reach out regarding partnerships or other inquiries, email Points at [email protected]
Co-Founded in 2017 by Sarah Zhang, and Kate Shen, Points (PTS) is the first truly scalable blockchain data collaboration protocol for better credit scoring and inclusive finance, providing the unbanked with access to fair financial services. Built on the blockchain, Points is enhanced by AI that is trained on data from 500 million credit profiles, contributed by partners including Zhong Cheng Xin Credit Technology Ltd. and Teleinfo, a subsidiary of the Ministry of Industry and Information Technology (MIIT). With $8 Million in funding, Points is backed by seasoned investors including Digital Horizon Ventures, Cherubic Ventures, Ce Yuan, Ontology Foundation, Nest.Bio Ventures, and Zhong Cheng Xin Credit Technology Ltd. Points is based in Singapore with offices in Beijing and San Francisco.