The initial quantity of PINK memecoin is 2.3 billion.
Polkadot introduces players to PINKDROP game, granting them 15% of $PINK, enhancing engagement and fostering community involvement.
Polkadot’s $PINK token seeks to increase GameFi usage by integrating it with games.
Polkadot has declared the opening of PINK, a meme coin designed to encourage engagement and expansion within its ecosystem, as its new community currency. This project is a big step forward for Polkadot as it works to strengthen the network’s collaborative spirit and better involve its community.
A scheduled airdrop to parachain teams, emblematic of a community-centric token distribution at the ecosystem’s development, marks the introduction of PINK.
It’s P-Day!! Time to paint the chain $PINK 🩷 🩷
🪂 The $PINK token is now live on Polkadot & Moonbeam 🌛
DEXs @Beamswapio and @StellaSwap are celebrating the event with fun $PINK DeFi initiatives and by giving back to the community!
Learn more about PINK distribution 👇 https://t.co/nFEREKB2IM
— Moonbeam Network (@MoonbeamNetwork) March 21, 2024
Assignment to Parachains
Fair distribution across the Polkadot ecosystem is prioritized in the allocation strategy for $PINK. Motivated by the RGB colour scheme of Polkadot, a project with a 2.3 billion token supply, it aims to reward community members and active contributors.
Currently, 14 teams are qualified for this airdrop, and parachains will receive about 12.5% of the total token supply. Concerning their community goals and projects, parachains are now free to redistribute their allotted PINK to users as they see fit, thanks to this step.
Enhancing PINKDROP’s Community Engagement
PINK DROP is a lighthearted browser game created by the Great Escape Game Studio. Polkadot has supported its development to promote community engagement and introduce users to the PINK token. The game is a sophisticated introduction to the Polkadot ecosystem, educating users about parachain ideas through interactive gaming.
Players unite the balls representing parachains to create a single entity symbolizing Polkadot’s synergistic potential. This gamification educates users, offering them a 15% share of PINK’s total supply, fostering engagement.
Integration of the Gaming Ecosystem
Polkadot intends to simultaneously increase PINK’s usefulness inside its ecosystem, especially in the gaming industry. Players can win PINK in league mode, featuring daily tournaments in the future PINKDROP update. This enhancement will encourage communities to be more active by drawing in additional players and demonstrating the token’s appropriateness for integration into the Polkadot game.
Polkadot allocates a portion of the PINK token supply for sharing among other gaming communities, fostering broader engagement. This includes connections to external games and Polkadot. This program aims to showcase Polkadot’s utilization of GameFi and demonstrate blockchain’s role in innovative gaming experiences.
