$PINK, a new token on the Polkadot Ecosystem with potential airdrop coming, has announced its two partnerships to distribute its token to the market.
The two secured partnership is part of the original airdrop distribution plan of Pink, which has plans to be one of the biggest meme-gaming communities in the Polkadot Parachain Ecosystem.
$PINK Announces Crust and Astar Network Airdrop Allocation
Pink, is a new crypto project based on meme and gaming where the original plan is to turn the Parachain meme, meaning it wants to grow a big community in the Parachain Ecosystem.
It is currently a project that has its own game where players can earn points from the game to earn potential rewards.
In the original whitepaper, it included a plan to distribute 50% of the overall token through airdrops for the community members.
12.5% of that 50% will be allocated through partnerships that have been mentioned also in the whitepaper with potentially 11 or more projects in the Parachain Ecosystem.
In March alone, they have announced three official partnerships with projects in the Parachain Ecosystem, the latest being Crust, a decentralised network storage similar to what IPFS is in the Ethereum Ecosystem.
Crust itself has not announced the official partnership, but Pink already beat them to it with an official tweet saying that some of the airdrops will be done through collaborations with Crust.
This means that activities to get points will not only involve using Pink or playing the Pink Game, but also using the overall Crust Ecosystem.
Another significant partnership that was announced this month is with Astar Network, a blockchain in the Parachain Ecosystem, connecting it with other EVM based blockchains.
The partnership currently involves four activities that are being discussed by the community. Four of them are allocating the airdrop for stakers, for active governance participants, for future DApps, or for ETH bridges.
All of them might potentially lead $PINK to have a better utility so this partnership is one of the significant ones for The Pink Ecosystem.
The last recent one from March is a partnership with Bifrost, a liquid staking and crowd loan platform, for the Polkadot and EVM ecosystem.
Currently eligibility is selected through a meme contest involving creating a meme based on Pink and Bifrost.
But this partnership can be big, as $PINK might be available on the Bifrost ecosystem, potentially giving them access to a liquid staking token utilities that will leave holders with options on having passive income from $PINK.
More to Come!
Overall there are more partnerships to come, as the Pink team itself release plans on the whitepaper to partner with eleven or more projects in the crypto space.
Currently there are already ten projects that are mentioned, but the last one suggests that there might be more projects involved even though it might only include a small percentage of the airdrop.
But looking at the partnership in store for Pink, there might be a possibility that this project will no longer be just a meme project, as the token will get involved into some serious DeFi projects in the Parachain Ecosystem that might give it more utility than it already has.
Overall the Pink project is an interesting project to look into for fun with hopes of potential rewards, especially if you are into the whole Parachain Ecosystem.
Note that this article doesn’t mean that Pink will be a good project as it is still new and still has a lot of developing room to grow on and at the same time, it might not even be more than what it is now.
So if you are willing to look into PINK it is good to consider the risk and potential of this project while going into the communities to gather more info about them.