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7
CryptoFam
71
Projects
18136
BTC
$63250
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0.55%
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Avarage
High
Data by Etherscan
Market Cap
2.339T
Fear&Greed
54

Polkadot

DOT
OG Rank: 56
Market Cap Rank: 20 ($6.25B)
ACTIVE
About

Polkadot is a scalable multi-chain platform uniting diverse blockchains, using Parachains for security and autonomy... Learn More

Category
GMCI 30 Index Pantera Capital Portfolio
Founder
Dr. Gavin Wood Robert Habermeier Peter Czaban.
DOT Price

$4.41

24h 2.49%
7d -22.57%
All time low ($2.7)
($54.98) All time High

OG Score

Based on 2 OG evaluation

TBA

...

LINKS

Web Site
Explorer
Social

OGAudit Evaluation Points

44.15
64.20
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
50.60
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
74.60
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
63.05
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
72.75
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
54.25
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
55.70
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
17.65
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
7.35
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
2.10
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?
44.15
64.20
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
50.60
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
74.60
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
63.05
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
72.75
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
54.25
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
55.70
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
17.65
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
7.35
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
2.10
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?

OG REVIEWS

Latest OG Reviews
Critic Wallet No:xxxx-766d3
15/07/2024 19:28
DOT @ $6.34
Polkadot $dot, Executives spent hundreds of millions of dollars on some "big" Influencers and Agencies, but what and how they do it is not yet fully understood by masses. according to calculations they will run out of money in two years at this rate
33.05
CryptoApe Wallet No:xxxx-5f294
09/05/2024 13:41
DOT @ $6.81
I think the Polkadot team are doing business development and marketing wrong. I'm not sure about their ecosystem support. $DOT wallets are difficult to use
55.24
High Ratings
CryptoApe Wallet No:xxxx-5f294
09/05/2024 13:41
DOT @ $6.81
I think the Polkadot team are doing business development and marketing wrong. I'm not sure about their ecosystem support. $DOT wallets are difficult to use
55.24
Low Ratings
Critic Wallet No:xxxx-766d3
15/07/2024 19:28
DOT @ $6.81
Polkadot $dot, Executives spent hundreds of millions of dollars on some "big" Influencers and Agencies, but what and how they do it is not yet fully understood by masses. according to calculations they will run out of money in two years at this rate
33.05

Polkadot Price

Price Statistics

Polkadot Price $4.41
24h Low / 24h High $4.24 / $ 4.41
Market Cap Rank #20
Market Cap $ 6.25 B
Circulation Supply $ 1.42 B
Total Supply $ 1.50 B
Max Supply $ 0.00
All Time High $ 54.98
All Time Low $ 2.7
ICO/IDO Price 0

Polkadot Markets

Exchange Pair Og Score TBA 24h Volume

About Project

What is Polkadot (DOT)?

Polkadot is a scalable platform that serves as a heterogeneous multi-chain technology. Polkadot released in May 2020, the network brings together different blockchains, allowing them to interact with data and value transfers independently of trust. Parachains, one of the fundamental building blocks, safeguard Polkadot's security while preserving their unique structures. The Layer-0 metaprotocol of Polkadot supports a network composed of Parachains, enabling this network to update its codebase autonomously and without forks. It aims to establish the foundation for Web 3.0, aspiring to provide a fully decentralized internet under user control. The DOT token is utilized for network operations, security, and connecting parachains. Polkadot maintains the independence of various blockchains while enabling secure and efficient interactions among them. Its flexible structure eases connectivity between public and private networks while ensuring energy efficiency and security through the Nominated Proof-of-Stake (NPoS) consensus mechanism.

What is unique about Polkadot (DOT)?

Polkadot's uniqueness lies in its ability to connect diverse blockchains through Parachains, ensuring security, independence, and seamless updates without forks, creating a foundation for a user-controlled, decentralized Web 3.0.

Who are the founders of Polkadot (DOT)?

Polkadot was founded by Dr. Gavin Wood, Robert Habermeier, and Peter Czaban.

Who are the backers/investors of Polkadot (DOT)?

Pantera Capital, HashKey Capital, IOSG, Shima Capital, Fabric Ventures, Bitscale Capital, 1confirmation, Fifth Era, Placeholder Ventures, SNZ Holding, Fundamental Labs, Waterdrip Capital, Zee Prime Capital, YBB Foundation, Krypital Group, HyperChain Capital, Mapleblock Capital, BR Capital, Illusionist Group, 8 Decimal Capital8, Caballeros Capital, Block0, Angel one, Nirvana Capital, Three Arrows Capital, DU Capital.

What is the consensus mechanism of Polkadot (DOT)?

Polkadot uses a Nominated Proof-of-Stake (NPoS) consensus mechanism, where token holders nominate validators to secure the network, ensuring energy efficiency and security.

Where can I buy Polkadot (DOT)?

 

What are Polkadot (DOT) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Polkadot DOT. To access these ratings, evaluations, and comments, click here.

How to mine Polkadot (DOT)? How can I stake Polkadot (DOT)?

There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.

What is the circulating, max supply and market cap of Polkadot (DOT)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Polkadot (DOT) is ($1,415,032,117), max supply of Polkadot  DOT is ($0) and the market cap of Polkadot  DOT is ($6,245,743,811). 

What is the Polkadot (DOT) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!

What is the price of Polkadot (DOT)?

The current market price of Polkadot (DOT) is $4. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Polkadot (DOT) a good investment?

It is important to do comprehensive research before deciding whether Polkadot (DOT) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Polkadot DOT) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Polkadot (DOT) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Polkadot (DOT) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

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