Pinknode

About Pinknode

{"time":1704989263000,"blocks":[{"data":{"level":6,"text":"Highlights"},"type":"header"},{"data":{"items":["Pinknode is a service solution created specifically for developers wanting to build on the Polkadot networks. The main way it differentiates itself as an infrastructure provider is because it has its focus set on the Polkadot Substrate networks.","Through the development of this project, Pinknode aims to allow for easier access and simplified solutions specifically based on the Polkadot Network."],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Product"},"type":"header"},{"data":{"level":1,"text":"Pinknode is a one-stop node-as-a-service solution for developers who wants to build on the Polkadot networks."},"type":"header"},{"type":"paragraph","data":{"text":"Pinknode provides users with simplistic, one-click generated and custom trackable API endpoints for different networks on the Polkadot.\r\nAdditionally, users get access to a sleek dashboard that provides them with usage analytics as well as an admin dashboard where they can manage team-sharing across different projects."}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/mqjr3rgguuzw1e5reucuaybc9w7p","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/mqjr3rgguuzw1e5reucuaybc9w7p"}}},{"data":{"level":6,"text":"Problem"},"type":"header"},{"data":{"level":1,"text":"There is a lack of infrastructure on Polkadot."},"type":"header"},{"type":"paragraph","data":{"text":"This is because many infrastructure service providers within the blockchain space are only supporting existing blockchains such as Ethereum.\r\nThat being said, setting up and maintaining nodes requires specialized knowledge in DevOps and leads to a huge upfront investment, something that has proven to be a bottleneck when it comes to developer acceptance of Polkadot.\r\nAdditionally, there is also a high level of complexity with the inter-network communications inherent to Polkadot’s unique architecture and the Cross-Chain message passing (XCMP) feature, one intended to accommodate 100 parachains in the future.\r\n"}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/s5f9vwkc2j2oky0jur4xofpd2aky","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/s5f9vwkc2j2oky0jur4xofpd2aky"}}},{"data":{"level":6,"text":"Solution"},"type":"header"},{"data":{"level":1,"text":"Pinknode specializes in node management."},"type":"header"},{"type":"paragraph","data":{"text":"Pinknode provides a subscription-based service for Polkadot node and network users. This is intended to lower the barrier of entry for developers who want to start their journey to build on Polkadot.\r\nThat said, they are outsourcing their infrastructure requirement to the Pinknode service.\r\nBy consolidating Polkadot’s multitude of networks under a single operator, Pinknode has the main goal of making this easily accessible and providing a simple solution unique to the Polkadot network.\r\nPinknode also crafts new solutions that allow developers to manage Polkadot’s innovative XCMP."}},{"data":{"level":6,"text":"Business Model"},"type":"header"},{"data":{"level":1,"text":"Node-as-a-service providing infrastructure to applications."},"type":"header"},{"type":"paragraph","data":{"text":"Pinknode operates, manages and updates nodes for developers and teams, providing dashboards that simplify network data. Pinknode charges its users a subscription fee with tiered plans based on usage level. This subscription can be paid through FIAT currencies or through the PNODE tokens."}},{"data":{"level":6,"text":"Market"},"type":"header"},{"data":{"level":1,"text":"Our Main competitors are Alchemy, Ankr, and Bison Trails."},"type":"header"},{"type":"paragraph","data":{"text":"Compared to our competitors, we specialize in the Polkadot networks. We adopted a microservice architecture through which we embedded parachain nodes in our Kubernetes cluster. This allows us to maintain low network redundancy while we are able to scale and meet your increased demand. This, in turn, allows us to onboard parachain partners quickly with a small initial set-up cost and low network fees as the adoption rate grows."}},{"data":{"level":6,"text":"Investors"},"type":"header"},{"data":{"level":1,"text":"We raised 700,000 USD in our last private round from VCs such as Astronaut Capital, Signum Capital, and Facility Group."},"type":"header"},{"type":"paragraph","data":{"text":"With that in mind, we raised a total of 900,000 USD to cover three key expenses, including engineering, business, development, and marketing, from several top entities, including Moonrock Capital, M6, x21 Digital, Petrock Capital, Das-Kapital, AU21 Capital, White Palm Ventures and Digital Strategies.\r\n"}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/88gjwtwkw8bvb163qgqnvfeqex5q","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/88gjwtwkw8bvb163qgqnvfeqex5q"}}},{"data":{"level":6,"text":"Team"},"type":"header"},{"data":{"items":["Eric Poh (Co-founder and Head of Business Development)","Benjamin Lau (Co-founder and Tech)","Zane Au (Technology Architecture and Security)"],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Token Utility"},"type":"header"},{"data":{"level":1,"text":"$PNODE is the native utility token that powers Pinknode."},"type":"header"},{"type":"paragraph","data":{"text":"Users use the token to gain access to the services. They do this by staking the token.\r\nEach token holder will be able to stake PNODE tokens for fractional node ownership, where they can earn native tokens from parachains and run nodes as part of a larger decentralized node network.\r\n"}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/q10l91l58nissgsu3f2illw1f7at","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/q10l91l58nissgsu3f2illw1f7at"}}}],"version":"2.27.2"}