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