THELOGICALINDIAN - PINT will be an basis badge tracking baddest tokens on Polkadot
Stateless Money, a staking account that manages $150 actor account of assets, appear it would barrage an basis badge for Polkadot.
Index Investing Comes to Polkadot
Polkadot is a fast-growing interoperable blockchain backed by the Web3 Foundation that has apparent cogent absorption from developers and investors. There are hundreds of projects beneath development by teams common on Polkadot and its bare arrangement Kusama.
Instead of coursing through these projects, the Polkadot Index Network Badge (PINT) will advice investors accomplish a accepted bet on the broader ecosystem. Called the Polkadot Index Network Badge (PINT), the badge will accord holders acknowledgment to the top projects in the Polkadot ecosystem.
Stateless Money said it would body PINT in accord with ChainSafe, its development accomplice for the project. The basis badge is actuality financed by StakerDao, a cross-chain decentralized free organization.
PINT’s all-embracing development will be overseen by a administering board that consists of Polychain Capital, Hypersphere Ventures, HashKey Capital, Acala, and Stateless Money.
According to the official proposal, PINT can additionally be acclimated by Polkadot parachains attractive to abate their risks of captivation a distinct built-in asset aural their treasuries.
At the time of the proposal, Acala, Equilibrium, HydraDX, Litentry, Moonbeam, and Plasm accept bidding absorption in abutting the index.
Anyone will be able to drop their Polkadot-based tokens to excellent PINT tokens in according value. Because it’s an index, the tokens’ circulating accumulation will be based on the issuance, redemption, and afire of PINT.
On-chain babyminding of the basis badge will be accomplished through PINT holders who will accept assets to accommodate in the index.
Disclosure: The columnist does not authority the cryptocurrency mentioned in this commodity at the time of publication.
