In which year was Polkadot issued?

Polkadot (DOT) was issued on August 18, 2020. It is the native token of the Polkadot blockchain and is used for governance, transaction fee payment, and cross-chain bridges. Its total supply is 1 billion, of which: 50% is for auction, 20% is allocated to the Web3 Foundation, 15% is allocated to Parity Technologies, 10% is allocated to early supporters, and 5% is reserved for future development. As of March 2023, its price has risen to about $6 from the initial offering price of $2.90.

Year of Polkadot issue: 2020

Polkadot (DOT) is the native token of the Polkadot blockchain. Officially released on August 18, 2020.

Polka Smart Contract Platform

Polka is a multi-chain interoperability platform designed to connect different blockchains, allowing them to securely share data and transactions. Polkadot is a key component of the Polkadot network and has the following features:

• Governance: Token holders can participate in network governance and vote on network upgrades and other proposals .
• Staking: Token holders can stake DOT to support network security and verify transactions.
• Transaction Fees: DOT is used to pay transaction fees on the Polkadot network.
• Cross-chain bridge: DOT can facilitate cross-chain bridges between Polkadot and other blockchains.

Issuance details

The total supply of Polkadot coins is 1 billion, of which:

• 50% is used for auction
• 20% allocated to the Web3 Foundation
• 15% allocated to Parity Technologies
• 10% allocated to early backers
• 5% reserved for future development

Polkadot’s initial issuance price was approximately $2.90, and as of March 2023, its price has risen to approximately $6.

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