$DOT DOT Coin, also known as Polkadot Coin, is the native token of the Polkadot platform. Here are some key information about DOT Coin:

• Functions:

• Governance: DOT holders have voting rights on the Polkadot platform and can participate in network governance, including decisions on fee collection, whether to add or remove parachains, etc.

• Operation: Participating in the consensus mechanism requires staking tokens to ensure the security and consensus of the entire operation. To earn rewards through participation in PoS, one must first buy DOT for staking.

• Parachain Bonding: To become a parachain within the Polkadot ecosystem, a certain amount of DOT must be bonded to the Polkadot network. The amount of DOT held will become one of the competitive conditions for determining who can be added to the chain.

• Cross-chain Message Passing Fees: The fourth function of DOT is to pay fees to validator nodes for transmitting cross-chain messages.

• Market Performance:

• The price performance of DOT has been outstanding, steadily increasing since its launch in August 2020. Despite high volatility in the industry, Polkadot continues to maintain its upward trend.

• According to the latest market data, the real-time price of DOT has risen by 2.02% to 4.337, with a trading volume of 200 million, currently in a consolidation trend.

• Technological Innovation:

• Polkadot adopts an architecture known as “parachains,” which enables interoperability between different blockchains, allowing Polkadot to scale better and accommodate more applications.

• Polkadot has also introduced a mechanism called “consensus,” which determines the validity of transactions through voting, making Polkadot more secure and reliable.

• Project Features:

• The advantages of Polkadot are very evident, including strong scalability, high interactivity, specialization, and forkless upgrades.

As the core of the Polkadot platform, DOT Coin plays a significant role in governance and network operation, and is also key to achieving cross-chain interoperability. With the development of the Polkadot ecosystem, the value and application prospects of DOT Coin are highly regarded by many investors.