All about DOT, the Polkadot blockchain cryptocurrency
05 Feb, 2023
DOT is the native cryptocurrency of the Polkadot blockchain. Created by Gavin Wood, co-founder of the Ethereum network, the Polkadot has emerged to offer blockchain interoperability services. DOT is ...
More about DOT, its price and how to buy it
What is the difference between Polkadot and DOT?
Polkadot is the blockchain name and DOT is the native cryptocurrency. DOTs are used for 3 purposes in the Polkadot network: security, governance, and transactions. As a security, DOT users on the that network can be rewarded by offering their assets to validate the transactions. Owning DOT grants voting rights on platform improvement decisions. DOT is a cryptocurrency useful for making and receiving payments on the network.
What is the price/value of DOT crypto?
In June 2022, the price of a unit of the DOT cryptocurrency was approximately 8 USD, subject to variations in the cryptocurrency market. There is no limit on the supply of DOTs, and new units of the cryptocurrency can be issued at any time.
What to expect for DOT?
As the native cryptocurrency of the Polkadot network, the future of the currency is directly linked to the performance of the network. In addition, market factors inherent to cryptoassets (supply and demand, for example) should also be considered when purchasing DOT.
Where to buy and sell DOT?
DOT can be purchased on exchanges like Bitso. At Bitso, you can purchase DOT on our website or app. Just register on any of our platforms, make an initial deposit of 5 USD and convert it to DOT. You can also check out other cryptoassets we offer. If you have any questions, our team of experts is here to help with whatever you need.