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When will Polkadot split?

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2024-04-25 15:51:21410browse

The Polkadot split has not yet determined a date, but it may take place around October 2021 at the earliest. The split ratio might be 1:100. The split is intended to lower unit prices, improve liquidity and attract investors. Those holding Polkadot should ensure they store it in a wallet or exchange that supports the split and update their hardware wallet firmware after the split. It is important to be wary of fraud related to splits.

When will Polkadot split?

#When will the Polkadot split happen?

The split of Polkadot Coin (DOT) has not yet been determined. Officials have not announced any specific date for the split.

Potential Split Timeline

The Web3 Foundation has previously stated that the Polkadot split will occur “within a few months” after the auction ends. Auction ends June 15, 2021. Therefore, the earliest possible split is around October 2021.

Split ratio

The official has not announced the specific split ratio. However, community members speculate that the ratio could be 1:100, meaning each DOT holder would receive 100 new DOTs.

Impact of the Split

The split is intended to lower the unit price of Polkadot, making it easier to use and trade. It could also improve its liquidity and potentially attract more investors.

How to Prepare for Polkadot Split

If you hold Polkadot, make sure you store them in a wallet or exchange that supports the split. Once the split is complete, your wallet or exchange balance will reflect the split amount.

Other Notes

  • Exchange Support: Before the split occurs, please confirm that your exchange supports Polkadot Split.
  • Hardware Wallet: If you store Polkadot in a hardware wallet, you may need to update your wallet firmware to support splitting.
  • Beware of Scams: Beware of scams that claim to do "pre-splits" or provide "special access" to split funds.

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