Polkadot partnered with Coinbase and announces token distribution

Polkadot partnered with Coinbase and announces token distribution

Am Sure you can learn successful Blogging secrets through me, am also sure you can learn how to make money online with the help of my updates why not leave your email behind let me show you how.

The Web3 Foundation launched a website with which Polkadot tokensale participants can receive their tokens.

As Polkadot approaches beta launch, you can now claim your dots with @CoinbaseCustody!

Individuals and entities that hold dots can now take the first step to prepare for Polkadot’s launch.

“You can confirm your requirements using the Ethereum address verification tool. DOT holders can then generate a Polkadot address. After that, you can link the allocation of tokens on Ethereum to the Polkadot address and request a DOT through our website, ”the startup’s representatives explained.

The company emphasized that the launch of the main Polkadot network will take place in the coming months.

“Creating Polkadot addresses and getting a DOT through the project website is the first step in the system deployment process. In the next stages, DOT holders will be able to participate in staking and management, as well as create their own parachains ”

The Web3 Foundation has also partnered with Coinbase Custody, which will provide custodial services to DOT token holders.

“After opening an account, Coinbase Custody will generate a DOT address that you can use to receive tokens,” says the Polkadot website.

The Polkadot protocol runs on the Proof-of-Stake algorithm and is designed to increase the compatibility of various blockchains, for example, Bitcoin and Ethereum. Holders of the internal DOT token act as validators and take part in the voting related to code changes.

Recall that last year the Web3 Foundation successfully conducted the Polkadot private token sale, according to which the project capitalization increased to $ 1.2 billion.

Also earlier, reported that Coinbase is considering listing DOT.

Polkadot partnered with Coinbase and announces token distribution

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *