TL:DR

This proposal is to Register xcPINK as an XC-20

## Summary

We propose to register Polkadot Asset Hub PINK token as xcPINK, with the following details:

* Multilocation: { “parents”: 1, “interior”: {“X3”: [ { “Parachain”: 1000 }, {“PalletInstance”: 50}, { “GeneralIndex”: 23 }]}}
* Decimals: *10*
* Name: *PINK*
* Symbol: *xcPINK*

xcPINK will have the following asset ID and XC-20 address:

* Asset ID: 64174511183114006009298114091987195453
* XC-20 address: 0xfFfFFfFf30478fAFBE935e466da114E14fB3563d

## On-Chain Proposal Reference

On-Chain [Referenda #36](https://moonbeam.polkassembly.network/referenda/36) with the associated hash: *0x836d08e9f5c204853de0ea033e552b00dece3ef8ffcea2d89023f37899090ee4*

## Technical details:

This proposal just registers PINK as xcPINK, as HRMP channels were already stablished.

PINK aims to be an XC-20 meme coin on Moonbeam. they have already launched their pretty addictive game, [DotIsPink](https://dotispink.xyz/game.html), which is already playable, and I see a lot of excitement around the Polkadot Ecosystem

It should be a grand experiment generating a lot of excitement in the Moonbeam community. also, it is remarkable that, to my belief, it is the first Cross-Chain meme coin in the Polkadot Ecosystem

If you are interested, the hex-encoded call data for this proposal in [Moonbeam ](https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fwss.api.moonbeam.network#/extrinsics/decode/0x1e00083e00ac690000010300a10f0432055c1050494e4b18786350494e4b0a0001000000000000000000000000000000014000410102836d08e9f5c204853de0ea033e552b00dece3ef8ffcea2d89023f37899090ee42b0000000164000000) is:

> 0x1e00083e00ac690000010300a10f0432055c1050494e4b18786350494e4b0a0001000000000000000000000000000000014000410102836d08e9f5c204853de0ea033e552b00dece3ef8ffcea2d89023f37899090ee42b0000000164000000


Problem Statement: The proposal aims to register the Polkadot Asset Hub PINK token as xcPINK.

Significance: Registering PINK as xcPINK will allow it to become an XC-20 meme coin on Moonbeam, generating excitement in the Moonbeam community and becoming the first Cross-Chain meme coin in the Polkadot Ecosystem.

Proposed Solution: Register PINK as xcPINK with specific details such as multilocation, decimals, name, symbol, asset ID, and XC-20 address.

Expected Outcomes: The registration of PINK as xcPINK will enable it to be used as an XC-20 meme coin on Moonbeam, creating excitement and engagement within the Polkadot Ecosystem.

#36 Proposal to Register Asset xcPINK

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