Crypto-currency News & Market Analysis

THERE’S NO MORE POLKADOT (DOT)??

Polkadot (DOT) parachain auctions are scheduled to begin on November 11th. Competing projects will enter an auction to secure a parachain that will be secured by Polkadot’s relay chain. Due to the crowdfunding mechanism used for these auctions, DOT will be locked up. In addition, a large percentage of DOT is currently being staked, meaning it is locked up for the time being. Will these 2 events cause a supply shock for Polkadot (DOT)? There’s no more Polkadot (DOT)….

Parachain Auction Information – https://twitter.com/PolkaWarriors_/status/1448563428495269890

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Time Stamps:
Parachain Auction Date – 0:00
Relay and Parachains Explained – 0:43
Locked Up DOT – 3:19
Staked DOT Locked – 6:12
Polkadot Altcoins – 7:40

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DISCLAIMER: This is NOT financial or legal advice. I am just offering my opinions. I am not responsible for any investment or legal decisions that you choose to make. This description may contain affiliate links for products that I believe in and use personally. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). Thank you for your support.

#polkadot #dot

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