When was Polkadot issued?

Polkadot (DOT) was issued on August 18, 2020. It is the native token of the Polkadot blockchain and is used for network security, governance and fee payment. The ICO was issued in October 2017 with an initial supply of approximately 1 billion DOTs. The distribution method is: ICO (50%), team and foundation (25%), early contributors and private rounds (15%), ecosystem ( 10%).

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• ##Poka coin release time

• Polkadot (DOT) was issued on August 18, 2020.

• Issue Background

• Polkadot is the native token of the Polkadot blockchain. Polkadot is a heterogeneous multi-chain network that allows communication and interaction between different blockchains. DOT is used for:

• Network security: Staking DOT can become a validator and help protect the network.
• Governance: DOT holders can participate in network governance by voting and submitting motions.
• Fees: You need to pay DOT fees for transactions on the Polkadot network.

• Issuance method

• Polkadot is issued through an initial coin offering (ICO). The ICO was held in October 2017 and raised $42 million.

• Initial supply

• About 1 billion DOTs were issued during the ICO, and the initial circulating supply was about 400 million. .

• Allocation

• The token distribution of DOT is as follows:

ICO: 50 %
• Team and Foundation: 25%
• Early Contributors and Private Rounds: 15%
• Ecosystem: 10%

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