What is Polkadot? List of Polkadot issuance and listed trading platforms

Polkadot (DOT) is a native token for the Polkadot network with the following uses: network governance, network security, transaction fees, and parachain auctions. Features of the network include heterogeneous interoperability, parachains, bridging, and cross-chain interoperability.

What is Polkadot?

Polkadot (DOT) is a native token used on the Polkadot network. Polkadot is a heterogeneous multi-chain network designed to enable blockchain interoperability.

Polkacoin coin issuance

• Total issuance: 1,007,688,435 DOT

Listed on trading platform

Polkadot has been listed on the following trading platforms:

• Binance
• Coinbase
• Kraken
• Huobi Global
• OKEx

Purpose

• Network Governance: DOT holders can decide the Polkadot network through voting Future development and governance.
• Network Security: DOT is used to reward validators who validate transactions and protect the network from attacks.
• Transaction Fees: DOT is used to pay transaction fees on the Polkadot network.
• Parachain Auction: DOT is used to participate in the parachain auction to obtain a dedicated blockchain slot on the Polkadot network.

Features

• Heterogeneous interoperability: Allows different blockchains to connect and interact with each other on the Polkadot network communication.
• Parachains: With parachains, multiple custom blockchains can be built and connected while maintaining security and scalability.
• Bridges: Bridges can be used to connect the Polkadot network with other blockchains such as Bitcoin and Ethereum.
• Cross-chain interoperability: Allows assets and data on different blockchains to be transferred seamlessly on the Polkadot network.

Polkadot Current Price Analysis

Polkadot (DOT) is currently trading at $4.26 with a 24-hour trading volume of $94.3 million. Its price fell by 0.45% in the last 24 hours.

Price Change Factors

Part of the reason for Polkadot’s price decline may be due to overall weakness in the cryptocurrency market. Additionally, the project’s developers recently announced a delay in its massive upgrade dubbed “Consortium 3,” which may have also triggered the sell-off.

Future Trend Analysis

Polkadot’s long-term prospects remain positive. The project has a strong development team and is always adding new features to the ecosystem. However, volatility remains in the short term.

Recommended Actions

For those who already hold DOT, a long-term strategy may be wise. For those looking for short-term trading opportunities, it is important to pay close attention to price action.

Short-Term Trend Forecast

Polkadot price is likely to remain volatile in the coming days. However, some price rebound is expected as the developers release more details about the Consensus 3 upgrade. > $94.3M

Price change (last 24 hours): -0.45%

• Circulating supply: 1,487,120,607 DOT
• Circulation market capitalization: 6.33 billion US dollars

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