From now until Friday, 28 August – clients of Bitcoin Suisse can buy DOT tokens worth up to 10’000 CHF with 0% commission. Orders may be placed in Bitcoin Suisse Online or through Bitcoin Suisse Client Services.

Offer is good until 12:OO PM (Central European Summer Time) on 28 August.

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About the DOT Token

As the native token of the Polkadot network, DOT tokens have several functions.

 

  • Governance: Token holders may participate in the decision-making process which includes changes to the protocol and fixes. All changes must be agreed upon by stake-weighted referenda.
  • Staking: Polkadot is designed with the roles of validators and nominators, who stake their DOT in order to secure the Polkadot network.
  • Bonding: New parachains are added to the Polkadot network by bonding tokens. This is a form of proof of stake.

 

About Polkadot

Polkadot is a sharded blockchain that connects several chains together in a single network, allowing them to exchange data securely and process transactions in parallel. In this way, Polkadot solves major scalability issues that have impeded blockchain development. Applications from decentralized finance and energy to IoT and gaming will thrive on Polkadot, challenging the centralized platforms of Web 2.0.

Overview

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  • Interoperability

    Polkadot enables connections and cross-chain communication between blockchains, both public and private.

  • On-Chain Governance

    Every token holder on the Polkadot relay chain can have a voice in the network’s development.

  • Upgradeability

    Polkadot can enact chain upgrades and successful proposals without a hard fork, enabling projects to stay agile.

  • New Consensus Algorithm

    GRANDPA (GHOST-based Recursive ANcestor Deriving Prefix Agreement) speeds up the finalization process via agreements on chains rather than blocks.