Moonrock Capital Announces Strategic Investment in Pinknode

The partners of Moonrock Capital are delighted to announce the addition of Pinknode to their investment portfolio.

Pinknode’s vision is to serve as the leading infrastructure-as-a-service project by providing developers with web API access to the Polkadot Relay Chain, and the ability for project teams to deploy future parachains. Pinknode is in a unique position to capitalise on economies of scale by leveraging an early and deep involvement with Polkadot technology. The network effect and early adopter advantage are momentous as Pinknode evolves and inevitably becomes the de facto Polkadot node provider. The combined benefits of this collaboration go way beyond the immediate partners of Pinknode, as increased functionality creates widespread adoption and ease of onboarding across the entire Polkadot ecosystem.

The Pinknode Token PNODE, utilises a stake and burn structure. Access is gained to the API suite by staking varying amounts of PNODE in a smart contract. For larger scale implementations, small quantities of PNODE will be burnt at fixed intervals. This approach significantly reduces recurring fees, while encouraging an alignment of interests with Pinknode and its community.

“The partners at Moonrock Capital were impressed by the passion and dedication of the talented Pinknode team. We believe that Pinknode has a unique position in the market, leveraging its early union with Polkadot to create countless benefits and advantages for developers and project teams alike. We are excited by this collaboration and look forward to working with the Pinknode team”.

Alex Smith, Managing Partner MRC

“Many would agree that Moonrock Capital’s reputation precedes them, having incubated and advised numerous wildly successful projects. We believe with MRC on board as a strategic investor, Pinknode will benefit tremendously from their deep marketing and business development expertise and gain a broader reach within the blockchain and Polkadot ecosystem. MRC has always taken a keen interest in Polkadot projects due to its optimistic outlook on the protocol and we are delighted and proud to be part of their family. Looking forward to doing great work with Alex and his team”.

Eric Poh, Co-founder Pinknode