Six of Polkadot’s top projects have already put their hands up to feature in the Polkadot Index Network Token and sit on its constituent council. The source code for the upcoming Polkadot Index Network Token, or PINT, has been made public, with half a dozen projects putting their hand up to be included in the index.
The project has outlined a four-phase roadmap that it expects to culminate in mainnet launch within three months. According to an announcement on Wednesday, six of Polkadot’s leading projects have already given “soft commitments” for inclusion in the index, including Acala Network, Equilibrium, HydraDX, Litentry, Moonbeam and Plasm.
The PINT token seeks to offer investors balanced exposure to the emerging Polkadot ecosystem, hedging the volatility of individual projects against the broader performance of the sector. PINT will be available for trade on decentralized exchanges in the future and can be directly minted using Polkadot’s DOT.
PINT’s developers are hoping to see the index adopted as a “treasury reserve asset” across the Polkadot ecosystem, offering an alternative to exclusively holding native tokens as treasury reserve without the complexities associated with active treasury management. A council will be tasked with governing the token’s index, and a “constituent committee” formed with representatives from each project included in the index. The six index hopefuls have committed to joining it.
The PINT council will govern all aspects of the index and oversee a native treasury that is partially financed by collecting fees from staked assets contained within the index. However, the constituent committee will have veto powers on the council’s decisions.
The index is a collaborative effort between staking service provider Stateless Money and blockchain development team ChainSafe. Stateless Money will coordinate the project, while ChainSafe will serve as its primary development partner. Cross-chain DeFi DAO StakerDAO also voted in favor of PINT’s creation using treasury funds and will receive a share of the fees generated by the index.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
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Bitcoin predictions | 57.6% | 94 | $19 601.45 | 1.08% | -6.16% | $374 035 671 245 | ||
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Ethereum predictions | 56% | 91 | $1 069.36 | 1.22% | -6.90% | $129 781 761 094 | ||
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Tether predictions | 95.2% | 1 | $0.998838 | -0.01% | -0.05% | $66 155 226 088 | ||
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USD Coin predictions | 96% | 1 | $1.000222 | 0.01% | 0.01% | $55 814 989 943 | ||
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Binance Coin predictions | 58.8% | 84 | $222.98 | 5.98% | -3.62% | $36 406 780 076 | ||
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Binance USD predictions | 91.2% | 1 | $1.001650 | 0.21% | 0.09% | $17 576 185 471 | ||
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Cardano predictions | 64.4% | 77 | $0.456735 | 1.28% | -7.20% | $15 498 880 430 | ||
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XRP predictions | 62.8% | 72 | $0.318666 | 0.10% | -14.11% | $15 405 296 738 | ||
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Solana predictions | 65.6% | 74 | $33.22 | 4.79% | -13.37% | $11 402 674 515 | ||
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Dogecoin predictions | 65.2% | 76 | $0.066230 | 1.84% | 1.89% | $8 786 721 543 | ||
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Dai predictions | 92% | 1 | $1.000583 | 0.09% | 0.06% | $6 781 768 129 | ||
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Polkadot predictions | 67.2% | 72 | $6.79 | 0.01% | -14.24% | $6 708 513 693 | ||
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TRON predictions | 56.4% | 91 | $0.065271 | 2.22% | 1.89% | $6 037 017 196 | ||
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UNUS SED LEO predictions | 72% | 55 | $6.05 | 2.00% | 4.28% | $5 770 009 473 | ||
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SHIBA INU predictions | 62.8% | 71 | $0.000010 | 2.69% | 0.29% | $5 612 816 170 |
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