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 | 75.2% | 54 | $67 706.14 | 1.90% | 2.01% | $1 335 948 390 898 | ||
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Ethereum predictions | 74% | 47 | $3 251.05 | 2.03% | -6.72% | $390 867 892 707 | ||
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Tether predictions | 95.6% | 1 | $1.000129 | 0.02% | -0.04% | $114 343 982 006 | ||
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Solana predictions | 68% | 71 | $181.98 | 4.78% | 7.02% | $84 550 065 137 | ||
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Binance Coin predictions | 78% | 41 | $579.05 | 1.11% | -1.52% | $84 500 124 655 | ||
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USD Coin predictions | 92% | 1 | $1.000181 | 0.02% | 0.02% | $34 131 195 324 | ||
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XRP predictions | 60% | 86 | $0.603888 | 0.68% | 5.26% | $33 794 079 216 | ||
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Dogecoin predictions | 71.6% | 55 | $0.134321 | 7.26% | 7.04% | $19 514 149 036 | ||
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Toncoin predictions | 82% | 30 | $6.68 | 0.78% | -8.51% | $16 800 802 508 | ||
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Cardano predictions | 76.8% | 49 | $0.414814 | 3.90% | -4.75% | $14 893 010 858 | ||
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TRON predictions | 88% | 18 | $0.137564 | 1.55% | 2.08% | $11 976 532 574 | ||
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Avalanche predictions | 75.2% | 40 | $28.71 | 5.33% | 1.85% | $11 334 689 323 | ||
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Lido stETH predictions | 92.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
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Wrapped TRON predictions | 93.2% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 | ||
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Wrapped Bitcoin predictions | 92.8% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |
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