Bitcoin
BTC$70 638.80

0.70%

Ethereum
ETH$3 565.34

-0.37%

Tether
USDT$0.999450

-0.04%

Binance Coin
BNB$581.89

0.78%

Solana
SOL$183.34

-1.85%

XRP
XRP$0.618901

-0.43%

Raise a PINT to Polkadot’s new index token: Six top projects sign up


15 Apr 2021

#Polkadot

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.


Related

Moonbeam (GLMR) launch brings EVM interoperability closer to the Polkadot network
Moonbeam (GLMR) launch brings EVM interoperability closer to the Polkadot network
Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply
Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply
Polkadot to debut parachain auctions after governance vote
Polkadot to debut parachain auctions after governance vote
Three reasons why Polkadot is en-route to a new all-time high even after a 256% rally
Three reasons why Polkadot is en-route to a new all-time high even after a 256% rally
Polkadot (DOT) ends weekend with 10% surge
Polkadot (DOT) ends weekend with 10% surge
Reasons why Polkadot could be the next altcoin to hit a new all-time high
Reasons why Polkadot could be the next altcoin to hit a new all-time high
Polkadot (DOT) and Kusama (KSM) skyrocket in price after attracting $30M in funding
Polkadot (DOT) and Kusama (KSM) skyrocket in price after attracting $30M in funding
Polkadot ETP hits Swedish stock market
Polkadot ETP hits Swedish stock market
Cross-chain DEX to be deployed on two layer-two solutions on Polkadot
Cross-chain DEX to be deployed on two layer-two solutions on Polkadot

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 79.2% 44 $70 638.80 0.70% 5.03% $1 389 224 140 780 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72.8% 48 $3 565.34 -0.37% 0.63% $428 096 700 911 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $0.999450 -0.04% -0.10% $104 396 726 096 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 63.2% 80 $581.89 0.78% 4.06% $87 013 557 574 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 60% 89 $183.34 -1.85% -3.70% $81 456 432 857 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 84% 31 $0.618901 -0.43% 0.46% $33 967 887 928 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 93.2% 2 $1.000043 0% -0.06% $32 204 461 666 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 67.6% 68 $0.216094 15.17% 41.35% $31 042 497 287 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 68.4% 67 $0.645630 -1.16% 2.11% $22 972 095 050 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 58.4% 88 $53.81 -1.05% -2.04% $20 307 708 295 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 57.6% 94 $0.000032 5.06% 17.60% $18 849 625 719 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 58% 88 $4.98 -1.38% 19.45% $17 270 209 242 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 76% 52 $9.45 -1.74% 0.78% $13 478 466 986 DOT 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 76.4% 42 $19.28 -2.13% 5.57% $11 319 050 024 LINK 7 days price change
15 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 68.8% 60 $569.11 14.45% 32.42% $11 201 035 891 BCH 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.