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 | 89.6% | 4 | $26 210.63 | 0.14% | -3.74% | $511 042 042 519 | ||
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Ethereum predictions | 93.2% | 6 | $1 595.67 | 0.61% | -2.12% | $191 853 154 532 | ||
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Tether predictions | 92.4% | 1 | $0.999302 | -0.03% | -0.08% | $83 208 764 786 | ||
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Binance Coin predictions | 94% | 4 | $211.82 | 0% | -1.92% | $32 587 966 771 | ||
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XRP predictions | 92% | 8 | $0.502536 | -0.41% | -3.20% | $26 757 645 992 | ||
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USD Coin predictions | 94.8% | 1 | $1.000082 | 0% | 0.01% | $25 524 583 774 | ||
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Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
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Wrapped TRON predictions | 89.2% | 16 | $0.084835 | 1.21% | 0.19% | $8 625 708 807 | ||
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Cardano predictions | 91.2% | 10 | $0.243814 | -0.40% | -4.25% | $8 564 830 439 | ||
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Dogecoin predictions | 94% | 6 | $0.060492 | 0.30% | -3.04% | $8 540 349 300 | ||
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Solana predictions | 86.8% | 23 | $18.92 | -1.40% | -6.80% | $7 810 238 767 | ||
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TRON predictions | 84.4% | 20 | $0.085185 | 0.79% | 0.50% | $7 589 746 104 | ||
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Toncoin predictions | 57.6% | 86 | $2.17 | 0.23% | -11.19% | $7 446 763 148 | ||
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Dai predictions | 94.4% | 1 | $0.999141 | -0.05% | -0.07% | $5 343 294 102 | ||
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Polkadot predictions | 85.6% | 16 | $4.00 | -0.11% | -2.82% | $4 915 661 831 |
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