It's too tiring to play with contracts, throw it into the spot market and have a good sleep $DOT target 5.3 or above
DOT coin is the native token of the Polkadot project, also known as Polkadot coin. The following is its detailed introduction:
Basic information
- DOT coin was created by Gavin Wood, the author of the Ethereum Yellow Paper. The Polkadot project was established in 2015. DOT coin was issued in May 2019 with a maximum supply of 1 billion.
- It is an encrypted digital currency based on blockchain technology, aiming to break down barriers between different blockchains and achieve seamless interaction between chains.
Main uses
- Governance: DOT coin holders can participate in the decision-making and upgrading of the Polkadot network by voting, and determine the future development direction of the network.
- Staking: Holders can stake tokens to verify transactions, protect the network from attacks, and obtain network rewards.
- Payment of transaction fees: used to pay transaction fees on the Polkadot network.
- Participate in the parachain auction: New blockchains can participate in the auction through DOT coins to obtain the right to connect to the Polkadot network.
Features
- Cross-chain interoperability: DOT coins can be used to exchange assets between different blockchains on the Polkadot network, promoting cross-chain interaction of assets and data.
- Limited supply: Its maximum supply is 1 billion, which can prevent inflation to a certain extent.
Market performance
- DOT coins are a frequent visitor on the digital currency market value rankings, and its price has soared all the way, but real-time data on October 28, 2024 shows that its market value is 0, and its 24-hour volatility, highest price, 24-hour transaction amount, lowest price, and 24-hour transaction volume are all 0, but it has shown great growth potential before.
Compliance
- The DOT Polkadot project closely follows the dynamics of laws and regulations related to cryptocurrencies in various countries to ensure that product design and operation strategies meet the regulatory requirements of various regions. At the same time, it firmly implements international anti-money laundering standards and anti-terrorist financing regulations, and actively cooperates with tax supervision in various countries.
