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In which year was Polkadot issued?

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Polkadot (DOT) was issued on August 18, 2020. It is the native token of the Polkadot blockchain and is used for governance, transaction fee payment, and cross-chain bridges. Its total supply is 1 billion, of which: 50% is for auction, 20% is allocated to the Web3 Foundation, 15% is allocated to Parity Technologies, 10% is allocated to early supporters, and 5% is reserved for future development. As of March 2023, its price has risen to about $6 from the initial offering price of $2.90.

In which year was Polkadot issued?

Year of Polkadot issue: 2020

Polkadot (DOT) is the native token of the Polkadot blockchain. Officially released on August 18, 2020.

Polka Smart Contract Platform

Polka is a multi-chain interoperability platform designed to connect different blockchains, allowing them to securely share data and transactions. Polkadot is a key component of the Polkadot network and has the following features:

  • Governance: Token holders can participate in network governance and vote on network upgrades and other proposals .
  • Staking: Token holders can stake DOT to support network security and verify transactions.
  • Transaction Fees: DOT is used to pay transaction fees on the Polkadot network.
  • Cross-chain bridge: DOT can facilitate cross-chain bridges between Polkadot and other blockchains.

Issuance details

The total supply of Polkadot coins is 1 billion, of which:

  • 50% is used for auction
  • 20% allocated to the Web3 Foundation
  • 15% allocated to Parity Technologies
  • 10% allocated to early backers
  • 5% reserved for future development

Polkadot’s initial issuance price was approximately $2.90, and as of March 2023, its price has risen to approximately $6.

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