Raise a PINT to Polkadot’s new index token: Six top projects sign up
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 86.4% | 25 | $100 515.90 | 3.19% | -1.74% | $1 989 655 990 941 |  |
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| 2 |  ETH |
Ethereum predictions | 70.8% | 59 | $3 905.37 | 6.82% | 1.35% | $470 383 862 359 |  |
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| 3 |  USDT |
Tether predictions | 91.6% | 1 | $1.000214 | -0.04% | -0.04% | $139 772 387 113 |  |
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| 4 |  XRP |
XRP predictions | 59.6% | 93 | $2.43 | 5.50% | 2.10% | $138 572 273 765 |  |
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| 5 |  SOL |
Solana predictions | 80% | 38 | $230.06 | 5.08% | -1.80% | $110 170 488 090 |  |
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| 6 |  BNB |
Binance Coin predictions | 72.8% | 53 | $715.21 | 5.33% | -1.99% | $102 996 832 353 |  |
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| 7 |  DOGE |
Dogecoin predictions | 72% | 51 | $0.414083 | 6.70% | -5.92% | $60 939 097 446 |  |
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| 8 |  USDC |
USD Coin predictions | 94% | 1 | $0.999931 | -0.03% | 0% | $41 524 807 139 |  |
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| 9 |  ADA |
Cardano predictions | 59.6% | 85 | $1.16 | 15.80% | -3.87% | $40 706 054 594 |  |
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| 10 |  TRX |
TRON predictions | 53.6% | 94 | $0.293660 | 9.01% | -11.93% | $25 328 987 445 |  |
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| 11 |  AVAX |
Avalanche predictions | 63.6% | 72 | $50.13 | 13.51% | -3.71% | $20 536 295 494 |  |
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| 12 |  LINK |
Chainlink predictions | 60.4% | 77 | $28.77 | 29.00% | 20.14% | $18 034 258 139 |  |
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| 13 |  SHIB |
SHIBA INU predictions | 69.2% | 69 | $0.000029 | 8.39% | -8.27% | $17 113 969 260 |  |
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| 14 |  TON |
Toncoin predictions | 62.8% | 71 | $6.45 | 6.86% | -6.92% | $16 449 067 653 |  |
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| 15 |  DOT |
Polkadot predictions | 58.4% | 87 | $9.32 | 12.33% | -13.13% | $14 244 590 607 |  |
