2024

Internet Computer

Polkadot

Moonbeam

Polkadot has announced the launch of its new community token, PINK, a <a href="https://coingape.com/cryptoquant-ceo-critiques-surge-in-memecoin-presales-on-solana/?utm_source=cgtelegram">memecoin </a>aimed at fostering participation and growth within its ecosystem. This initiative marks a significant step for Polkadot as it seeks to engage its community further and enhance the network’s collaborative spirit. 
The launching of PINK is marked by a planned airdrop to parachain teams, which is symbolic of a community-centric distribution of tokens at the development of the ecosystem. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 It’s P-Day!! Time to paint the chain <a href="https://twitter.com/search?q=%24PINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PINK</a> 🩷 🩷 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa82.png" alt="🪂" class="wp-smiley" style="height: 1em; max-height: 1em;"> The <a href="https://twitter.com/search?q=%24PINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PINK</a> token is now live on Polkadot &amp; Moonbeam <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f31b.png" alt="🌛" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 DEXs <a href="https://twitter.com/Beamswapio?ref_src=twsrc%5Etfw">@Beamswapio</a> and <a href="https://twitter.com/StellaSwap?ref_src=twsrc%5Etfw">@StellaSwap</a> are celebrating the event with fun <a href="https://twitter.com/search?q=%24PINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PINK</a> DeFi initiatives and by giving back to the community! 
 Learn more about PINK distribution <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/nFEREKB2IM">https://t.co/nFEREKB2IM</a> 
 — Moonbeam Network (@MoonbeamNetwork) <a href="https://twitter.com/MoonbeamNetwork/status/1770900365313290471?ref_src=twsrc%5Etfw">March 21, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="allocation-to-parachains">Allocation to Parachains</h2> 
The allocation approach for $PINK prioritizes fair distribution throughout the Polkadot ecosystem. Inspired by Polkadot’s RGB color code, which is a 2.3 billion token supply, the initiative is created for the purpose of rewarding active contributors and community members. 
Approximately 12.5% of the total token supply has been designated for parachains, with 14 teams currently eligible for this airdrop. This action gives parachains the freedom to distribute their allocated PINK to users in the way they find fit with respect to their community objectives and projects. 
<h2 id="strong-enhancing-community-engagement-with-pinkdrop-strong">Enhancing Community Engagement with PINKDROP</h2> 
In an effort to bolster community interaction and introduce members to the PINK token, <a href="https://coingape.com/meet-polkabot-ai-polkadots-chatgpt-challenger/?utm_source=cgtelegram">Polkadot </a>has backed the development of PINKDROP, a casual browser game designed by the Great Escape Game Studio. The game is an advanced entrance to the Polkadot ecosystem, which lets the game players know parachain concepts within interactive playing. 
The players need to unite the balls symbolizing various parachains to create a single entity that represents the unity and synergic potential of the Polkadot network. In addition to informing users about the complexity of the ecosystem, this gamification approach also encourages participation by rewarding 15% of the PINK total supply to the game players. 
<h2 id="strong-gaming-ecosystem-integration-strong">Gaming Ecosystem Integration</h2> 
Concurrently, <a href="https://coingape.com/coinbase-to-launch-perpetual-futures-for-polkadot-internet-computer-and-near-protocol/?utm_source=cgtelegram">Polkadot </a>plans to expand the utility of PINK within its ecosystem, particularly in gaming. The upcoming PINKDROP update will bring in a league mode with daily tournaments, and players will be able to win PINK. This improvement will help attract more participants and show the token’s suitability for being integrated into the game on Polkadot, thus motivating communities to be more active. 
Moreover, some of the PINK token supply has been allocated for sharing among different gaming communities, both Polkadot-affiliated and external games. This program seeks to promote the use and growth of GameFi (gaming finance) in the Polkadot ecosystem, demonstrating the platform’s ability to harness blockchain technology for revolutionary gaming dynamics. 
Read Also: <a rel="nofollow" href="https://t.me/coingape/31701">Internet Computer (ICP) Demonstrates First Blockchain AI Smart Contract</a> 
The post <a href="https://coingape.com/polkadot-launches-pink-memecoin-airdrops-to-parachain-teams/">Polkadot Launches PINK Memecoin, Airdrops to Parachain Teams</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Polkadot Launches PINK Memecoin, Airdrops to Parachain Teams

Table of Contents

Coingape News Media

Other articles published on Mar 22, 2024

Ethereum Price Signals Uptrend Continuation But Can Bulls Clear This?

RNDR or TAO: Which AI token should interest you today?

Montenegrin Prosecutor Challenges Extradition of Do Kwon To South Korea

Ripple and SEC Legal Battle Reaches Crucial Stage

LayerZero CEO alleges Kyle Davies offered ‘better rates’ in a bid to rescue 3AC before bankruptcy

This Indicator Signals Ethereum Price Downfall To $2,400

Join our free newsletter for daily crypto updates!