Polkadot issuance price, total amount and white paper introduction

Polkadot (DOT) is the native cryptocurrency of the Polkadot blockchain, used to pay transaction fees, staking and governance, with the goal of creating a scalable, secure and interoperable blockchain network , the technical architecture adopts relay chain and parallel chain architecture, allowing different blockchains to operate in parallel and share security, with a total circulation of 1 billion.

What is Polkadot?

Polkadot (DOT) is the native cryptocurrency of the Polkadot blockchain. Polkadot is a heterogeneous multi-chain network that allows different blockchains to operate in parallel and communicate with each other.

Polkacoin issuance price

Polkacoin was sold through an initial coin offering (ICO) in August 2020 at a price of $0.30 per coin.

Total Polkadot supply

The total circulation of Polkadot coins is 1 billion.

Polkadot White Paper

The white paper of Polkadot was released in September 2016. The white paper outlines the project’s vision, technical architecture, and economic model.

Main content of the white paper:

• Goal: Create a scalable, secure and interoperable blockchain network.
• Technology: Using relay chain and parachain architecture, allowing different blockchains to operate in parallel and share security.
• Governance: Token holders participate in decision-making through governance voting.
• Economic Model: DOT is used to pay transaction fees, be staked to secure the network, and serves as a governance token.

Usage:

• Transaction fee: Transactions on the Polkadot network require payment of DOT.
• Staking: Token holders can stake DOT to support validators and receive rewards.
• Governance: DOT holders can vote on network upgrades and governance proposals.

Polkadot (DOT) Price Update

As of 11:00 on September 10, 2024, the price of Polkadot (DOT) is $4.248, 24 hours Transaction volume was $97.24 million.

Recent Movements

In the past 24 hours, the DOT price increased by 2.79% and the market sentiment turned positive.

Factors affecting price

• On-chain activity: There has been an increase in the number of transactions and activity on the Polkadot network, indicating an increase in interest in Increased interest in networking.
• Overall market recovery: The cryptocurrency market as a whole is showing a positive trend, driving up the price of DOT.

Future Outlook

DOT price is expected to continue to rise in the short term. The coin is gradually rebounding from its recent lows and its fundamentals are strong, indicating positive price trends ahead.

Recommendation

• Consider buying on dips as prices may rise as the market recovers.
• Stay alert to the market and keep a close eye on DOT prices and overall cryptocurrency trends.

Short-Term Trend Forecast

DOT price is expected to continue to move higher in the short term, but due to market volatility, the price direction may shift.

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