Bitcoin
BTC$19 601.45

1.08%

Ethereum
ETH$1 069.36

1.22%

Tether
USDT$0.998838

-0.01%

USD Coin
USDC$1.000222

0.01%

Binance Coin
BNB$222.98

5.98%

Binance USD
BUSD$1.001650

0.21%

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 57.6% 94 $19 601.45 1.08% -6.16% $374 035 671 245 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 56% 91 $1 069.36 1.22% -6.90% $129 781 761 094 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $0.998838 -0.01% -0.05% $66 155 226 088 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000222 0.01% 0.01% $55 814 989 943 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 58.8% 84 $222.98 5.98% -3.62% $36 406 780 076 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $1.001650 0.21% 0.09% $17 576 185 471 BUSD 7 days price change
7 Cardano (ADA) ADA Cardano predictions 64.4% 77 $0.456735 1.28% -7.20% $15 498 880 430 ADA 7 days price change
8 XRP (XRP) XRP XRP predictions 62.8% 72 $0.318666 0.10% -14.11% $15 405 296 738 XRP 7 days price change
9 Solana (SOL) SOL Solana predictions 65.6% 74 $33.22 4.79% -13.37% $11 402 674 515 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 65.2% 76 $0.066230 1.84% 1.89% $8 786 721 543 DOGE 7 days price change
11 Dai (DAI) DAI Dai predictions 92% 1 $1.000583 0.09% 0.06% $6 781 768 129 DAI 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 67.2% 72 $6.79 0.01% -14.24% $6 708 513 693 DOT 7 days price change
13 TRON (TRX) TRX TRON predictions 56.4% 91 $0.065271 2.22% 1.89% $6 037 017 196 TRX 7 days price change
14 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 72% 55 $6.05 2.00% 4.28% $5 770 009 473 LEO 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.8% 71 $0.000010 2.69% 0.29% $5 612 816 170 SHIB 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.

© 2015-2022 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.