Polkadot
DOT Price
Polkadot is a scalable multi-chain platform uniting diverse blockchains, using Parachains for security and autonomy. More
| Fully Diluted Valuation | $5.89B |
|---|---|
| 24H Trading Volume | $402.06M |
| 24H Low / High | $3.82 / $ 4.07 |
| Circulating Supply | 1.52 B |
| Total Supply | 1.52 B |
| Max Supply | 0.00 |
| Categories | Smart Contract Platform 8 more |
|---|---|
| Founder | Dr. Gavin Wood 2 more |
| Website | forum.polkadot.network Whitepaper |
| Socials | 4 more |
| Chains | Polkadot Ecosystem |
| Explorer | Mintscan 4 more |
| Name | Pair | OG Score |
|---|
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.
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.
Polkadot was founded by Dr. Gavin Wood, Robert Habermeier, and Peter Czaban.
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.
Polkadot uses a Nominated Proof-of-Stake (NPoS) consensus mechanism, where token holders nominate validators to secure the network, ensuring energy efficiency and security.
You can buy Polkadot (DOT) on Binance, BitgetOKXBybitCoinbase cryptocurrency exchanges.
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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.
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 ($1,522,267,060), max supply of Polkadot DOT is ($0) and the market cap of Polkadot DOT is ($5,891,405,938).
What is the Polkadot (DOT) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($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!
The current market price of Polkadot (DOT) is $3. 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.
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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