From Polking to Proof Of King
A story of conviction, crisis, and rebirth. How we stayed true to our principles even when the market tested us.
The Genesis: Why Polking?
It started with anger and frustration.
"We were tired of watching people lose their money to the same scam, over and over again. The endless minting. The fake APYs. The inevitable crash."
— The Founding Team, Late 2022
In 2022, the crypto market was a battlefield of broken promises. Every day, new DeFi projects launched with the same playbook:
Promise incredible APYs (200%, 500%, 1000%)
Attract investors with big marketing events
Mint tokens to pay those 'rewards'
Watch the price crash as inflation destroys value
Disappear or launch a 'V2'
We Said: "No More."
We decided to build something different. A project that honored Bitcoin's original vision—real value cannot be printed.
The Three Founding Principles of Polking:
Zero Token Minting
We would NEVER mint tokens to pay rewards. Not 'minimal minting.' Not 'controlled inflation.' ZERO.
Real Business Income
All rewards would come from actual utilities that generate actual revenue. No shortcuts.
Community First
Decisions made transparently. No hidden wallets. No team dumps. Just honest building.
The Journey: Building on Conviction
We launched on Polygon and proved the model could work.
Polking Launches on Polygon
We chose Polygon (POL chain) for its low fees and growing ecosystem. Our first utility went live—a staking platform with rewards paid purely from platform fees. No minting. Ever.
Early Success & Community Growth
Word spread. People were amazed—'Wait, you're actually paying rewards without printing tokens?' Our community grew organically. No paid marketing. No influencer pump. Just real people tired of getting scammed.
First Major Utilities Launch
We launched internal trading features. Every trade generated fees. Those fees went to stakers. The model was working. We were proving that sustainable DeFi is possible.
The Market Tests Us
Polygon's POL token started declining. Other projects on Polygon were struggling. Our TVL in dollar terms was affected. But we refused to compromise. No emergency minting. No 'liquidity incentives.' We held the line.
We Learned a Hard Truth:
Building on principle is harder than building on hype. But it's also the only way to build something that lasts.
The Crisis & Rebirth
When POL crashed, we had to make the hardest decision.
Q4 2023: The POL Crisis
Polygon's POL token fell dramatically. Our entire foundation—built on the Polygon network—became unstable. Our TVL denominated in USD was suffering, not because of our model, but because of the chain we were on.
"We could have done what other projects do: mint tokens to 'stabilize' the situation. Offer crazy APYs to attract new money. But that would mean betraying everything we stood for."
We Had Three Options:
Option 1: Give Up
Close the project. Admit defeat. Let another good idea die.
Option 2: Compromise
Start minting tokens. Become like everyone else. Survive by abandoning our principles.
Option 3: Evolve & Rebuild
Migrate to a more stable foundation. Keep our principles. Come back stronger.
We Chose Evolution: Proof Of King is Born
We made the strategic decision to migrate to BEP20 (Binance Smart Chain) with USDT as our base pair.
What Changed
- •Chain: Polygon → BEP20
- •Base Pair: POL → USDT
- •Name: Polking → Proof Of King
What NEVER Changed
- Zero token minting
- Real business income only
- Community-first values
"Proof Of King" represents sovereignty over your wealth.
The King answers to no printer. No mint function. No inflation. Your value is protected by real business, not paper promises.
Our Goals: Why We Keep Building
What drives us forward.
After everything we've been through—the launch, the crisis, the rebirth—you might ask: why keep going? Here's why:
Prove That Sustainable DeFi is Possible
We want to be the living proof that you don't need to mint tokens to build a successful project. Every day we operate, every reward we pay without printing, we prove the critics wrong.
Build Real Utilities That Generate Real Income
Our King Exchange, Market Maker, and future utilities are not gimmicks—they're revenue-generating businesses. We're building an ecosystem where every service adds value and contributes to the treasury.
Protect Our Community from the Minting Trap
We've seen too many good people lose money to projects that print their way to oblivion. We're building a safe harbor—a place where your investment is protected by real economics, not false promises.
Honor Bitcoin's Original Vision
Satoshi created Bitcoin as a response to infinite money printing. We're honoring that vision in the DeFi space. Scarcity matters. Real value matters. We won't forget that.
Build Something That Lasts
Most crypto projects are built to exit. We're building to endure. In 5 years, 10 years, we want Proof Of King to still be here—growing, thriving, and proving that principle beats hype every time.
Built with Hope. Secured by Certainty.
Hope that DeFi can be better. Hope that principles can win. Hope that we can build something that truly serves our community.
Certainty that comes from real business, real income, and zero compromise on our values. That's Proof Of King.