Polkadot DOT
Report IssuePolkadot is a heterogeneous multi-chain technology. The Web3 Foundation could potentially wait to hold a DOT distribution sale to further decentralize the token distribution. Polkadot is built to connect private and consortium networks, public and private networks, oracles, and future technologies yet to be created. Polkadot promotes the creation of an Internet where independent blockchains can exchange information and transactions trustlessly through the Polkadot relay chain.
Details
$3.325
-1.38%
#26
Blockchain
ByBit 
Binance 
Gate 
Score Sentiment Neutral
Fundraising Statistics
$3.33 -1.38%
$0.29
Fabric Ventures Tier 1
Polychain Capital Tier 1
CoinFund Tier 2 DOTPolkadot
USDCUSD Coin
BSC
Short Review Polkadot
Crypto project Polkadot (DOT) is classified as a Blockchain. Polkadot is a Utility token that is hosted on the Polkadot Network. (50.00% of total tokens) have been allocated for the public sale. The level of social activity of the Polkadot project is assessed as High.
Polkadot (DOT) price during the token sale: 0.29 USD. You can purchase project tokens for ETH
Residents of the following countries will not be able to participate in the public sale of tokens: China USA
DOT Price Chart
The launch of DOT token trading took place on 17 July 2020.
Fundraising Rounds
Total sold 584.00 M DOT tokens (0.58% of total tokens). Total amount of funds raised by the Polkadot project is $247.76 M.
| Investment Round | Date | Price | Funds Raised |
| Private sale 3 | July 24, 2020 | $1.25 | $42.76 M |
| Private sale 2 | June 27, 2019 | $1.20 | $60.00 M |
| Public Sale | October 15, 2017 | $0.288 | $65.00 M |
| Private sale 1 | October 14, 2017 | $0.288 | $80.00 M |
Polkadot Investors
Fabric Ventures Tier 1 Polychain Capital Tier 1 CoinFund Tier 2
Continue Capital Tier 2
Distributed Global Tier 2
Fenbushi Capital Tier 2
Fundamental Labs Tier 2
IOSG Ventures Tier 2
Nirvana Capital Tier 2
Pantera Capital Tier 2Detailed review of Polkadot (DOT)
There are several projects that may attract the attention of the crypto world. One such project is Polkadot. He is working on creating a protocol that can be used to connect various decentralized databases and third-party blockchains. The successful functioning of the project and its ecosystem will directly depend on its participants. The Polkadot coin, identified by the ticker DOT, is an asset of the Polkadot platform. It performs three main functions: management, order placement and linking. It should be noted that the Web3 Foundation (a Swiss foundation created to create a fully functional decentralized network) is collaborating with the best organizations to create Polkadot and contribute to the development of services. and applications that will run on it. Polkadot's governance model is built into the network and is clearly defined. It is expected that the governing body will include all interested parties. Users can participate in the system's decision-making simply by holding their DOT coins. Currently, there is a Polkadot Council and Technical Committee, so the project and its governance are entirely in the hands of DOT holders.
Polkadot Project (DOT)
The Polkadot project was created in 2016. The idea belongs to Gavin Wood, who was the co-founder of Ethereum and the founder of Parity Technologies. Then, in October 2017, Polkadot conducted a successful ICO on the Ethereum blockchain. The ICO raised $144,630,000. However, 2/3 of this money was frozen after a hacker attack. Despite the huge losses, the project continued to exist, remained afloat and did not lose self-confidence, continuing to develop.
Benefits of Polkadot (DOT)
- Interoperability. The Polkadot network allows blockchains with different consensus models to communicate with each other through special intermediaries.
- Unlimited scalability. Polkadot can support an infinite number of blockchains and allow them to connect.
- Security. Polkadot's own security system provides the necessary level of protection of the entire system, as well as the blockchains, services and applications involved in it.
- Rewards and fines. All network participants, from collectors to ordinary users, can receive rewards for actions contributing to the development of the network.
Disadvantages of Polkadot (DOT)
- Limited capabilities. Required to hold coins DOT locked while your blockchain is running.
- Incomplete. Some technical aspects are under development.
