Pinknode’s IDO Summary

Pinknode
pinknode
Published in
2 min readMay 18, 2021

Our token is LIVE and this is only the beginning!

Pinknode’s Polkastarter IDO on 14th May was concluded in less than 3mins despite the high gas fees when some participants had to pay more than the equivalent amount of Ethereum gas fees in order to secure the allocation of $250 in PNODE.

We had over 30,000 applicants who applied but ultimately only 600 got their hands on some PNODE through a strict whitelisting process and thorough KYC. There are currently more than 1800 PNODE holders.

We’d like to thank the Polkastarter team for their polished onboarding process and clearly defined ‘Launch’ roadmap which led us to a smooth and successful IDO.

We’d also like to thank the amazing teams at CoinGecko and CoinMarketCap for their prompt listings:

In summary, Pinknode has successfully raised a total of $950,000 through Seed, Private and Public sale and will be utilizing these funds to build the team and further enhance our product offerings.

  • Seed: $100,000 — 20% upfront vesting, 13.33% monthly thereafter
  • Private: $700,000–25% upfront vesting, 25% monthly thereafter
  • Public: $150,000–100% upfront vesting

Pinknode’s token issuance is only our beginning, our utility token will perform multiple roles in a fully functional ecosystem, serving retail users, developers, DApps operators and parachain owners. We are excited to move forward with our spirited and highly supportive community to fulfill our mission of making Pinknode the most widely used and preferred Infrastructure-as-a-Service partner in the Polkadot ecosystem.

About Pinknode

Pinknode is a Polkadot-only Infrastructure-as-a-Service project with the goal of accelerating adoption and empowering innovators to create on the most promising Web 3.0 meta protocol. By providing API endpoints through a streamlined onboarding process and maintaining secure, reliable and scalable node infrastructure, Pinknode helps innovators jumpstart development quickly and accelerates product life cycles.

If you want to know more about Pinknode, check out our website, follow us on Twitter, and join our Telegram to get in on the conversation.

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