PinkChain is a Blockchain Platform

November 16, 2022

PinkChain is a Blockchain Platform

What is PinkChain?

PinkChain is a Layer-1 EVM Blockchain Platform focused on DeFi, GameFi and Metaverse. It is the first PoW Blockchain to have Liquidity Mining and Staking, a greater alternative to PoW Ethereum. PinkChain is Scalable, Sustainable, High-performance Blockchain Platform and fully compatible with EVM enabling developers to build scalable user-friendly dApps at nearly zero cost. PinkChain ensures real decentralization using Proof of Work (PoW).

PinkChain Features

PinkChain is a decetralized EVM compatible blockchain protocol designed for ex-Ethereum miners. Its consensus is powered by Proof of Work (Ethash) which is one of the most secure consensus mechanisms. PoW ensures real decentralization and fair distribution of coins. PinkChain is scalable, sustainable, high-performance blockchain platform and fully interoperable with the Ethereum mainnet, all EVM compatible environments, and other BFT chains via IBC with EVM enabling developers to build scalable user-friendly dApps at nearly zero cost.

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Secure, Decentralized

Cross-chain Bridge

Connects PinkChain to other EVM chains such as Ethereum, BSC and enables cross-chain data and token transfers.

Mining, Staking & Farming

Earn $PINK through PoW mining and DeFi based staking, farming.

PinkDAO & PUSD

Stablecoin pegged to USD and powered by PinkDAO.

EVM Compatibility

EVM stands for ‘Ethereum Virtual Machine’ which is a computation engine that acts like a decentralized computer which has millions of executable projects. EVM works like a large decentralized or master computer to complete all types of tasks on the blockchain. PinkChain is fully compatible with EVM and can run any application based on Ethereum / EVM. Developers can run smart contracts on PinkChain written in popular programming languages such as Solidity, Pink. EVM is one of the biggest projects in the world of cryptocurrencies.

Cross-chain Support Pink Bridge

PinkChain is connected to popular public chains like Ethereum, Binance Smart Chain (BSC), Polygon with Pink Bridge. Pink Bridge enables exchange of data between PinkChain and other supported chains.Userscan transfer tokens, NFTs and arbitrary data between PinkChain and other chains using the bridge. Arbitraging and liquidity transfers are available with cross-chain support.

High Performance

Currently PinkChain can handle 2,000+ tx per block while maintaining security and scalability. It can adjust block size and transaction size based on network usage and load. Currently the block time is set to 5 seconds.

Zero Fees

PinkChain is designed in such a way that the transaction fee remains nearly 0 forever so the users never need to worry about paying high gas fees. PinkChain can be used in everyday life.

Stablecoin PinkDAO & PUSD

PUSD is the native stablecoin of the PinkChain ecosystem and fully backed by a basket of other stablecoins such as USDT, BUSD, USDC, PAX, DAI. PinkDAO functions like a bank where you can deposit your various stablecoins to get one standard stablecoin PUSD and earn interest. Unlike other traditional banking systems, PinkDAO is completely decentralized and managed by people around the world who have the native token of PinkChain Protocol, PINK. The goal is to make a standard stablecoin that will minimize the risk of holding

Native AMM Protocol PinkDEX

PinkDEX is the native Automated Market Maker (AMM) Protocol of PinkChain that rewards native cryptocurrency for providing on-chain liquidity. This is an incentive to boost overall liquidity of PinkChain which creates arbitraging opportunities and brings more users in the ecosystem. Liquidity is the most important part of any kind of market, it indicates the overall health of a market. With enough liquidity, traders and investors can interact with the market without having too much slippage. When the liquidity dries out, buying and selling might not be even possible at all.

Liquidity Mining on PinkChain

In cryptocurrency terms, mining translates to generating the native asset of the blockchain but this term is often wrongly used to indicate farming. Liquidity mining in the PinkChain is the actual mining of cryptocurrency. After the genesis event, wPINK and other necessary contracts are deployed on the network then native PINK is converted to wPINK and sent to the liquidity mining contract, it will generate a constant amount of wPINK per block. LPs can provide liquidity in the PinkDEX, get the LP tokens and stake them in the pool to earn wPINK. Later those wPINK can be converted back to PINK.

Mining For Everyone

In traditional types of mining, not everyone can participate in the mining process because not everyone can afford or handle mining rigs or setup network nodes. So the whole mining process becomes limited to tech savvy people and not the common people. But in the PinkChain, we have made the liquidity mining process so easy that anyone can start mining PINK right away by providing liquidity besides the GPU miners.

Tokenomics