The explosive success of meme coins is undeniable, with projects like Bonk, Smog, FrogWifHat, and Sponge contributing to the success of various blockchains.

Polkadot has now joined the meme coin craze by launching its own community-driven token, PINK, which is designed to promote the GameFi ecosystem on the network.

PINK has a total supply of 2,300,001,221, a nod to Polkadot's signature color, and was launched on the Polkadot AssetHub.

The token was allocated to the main parachains (12.5% of the supply) and 14 communities that have played a crucial role in promoting the Polkadot ecosystem, with Moonbeam users receiving the largest share of the airdrop.

Each parachain will have the autonomy to distribute their portion of the PINK token as they see fit, providing flexibility and empowering the Polkadot community.

The launch of PINK is Polkadot's move to capitalize on the meme coin trend and drive the adoption of GameFi on its network, positioning itself as a key player in the evolving crypto landscape.

The success of PINK could have a significant impact on Polkadot's ecosystem, potentially attracting more developers and users to the network.

Source: https://allincrypto.com/polkadot-launches-its-meme-coin-pink-to-promote-gamefi/

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