Polkadot ETH Killer - DOT in 2021

Polkadot: Can DOT 10x in 2021?? DEEP DIVE!!

By Guy

📕Polkadot Recap📕

Polkadot is essentially an ecosystem of blockchains called “Parachains” that connect to a core blockchain called the Relay Chain. Polkadot uses a hybrid delegated proof of stake consensus mechanism called nominated proof of stake.

💱DOT Redonomination💱

The supply of QUOTE ‘old DOT’ was multiplied by 100, resulting in the 1 billion supply of the QUOTE ‘new DOT’ that you currently see making gains in the crypto leaderboards.

💰Polkadot Treasury💰

The Treasury receives its funds from four sources: A portion of network fees. A portion of any slashed stakes from misbehaving Validators or Collators. A portion of network inflation. And a portion of fees paid by parathreads, which you can think of as being pay-as-you-go parachain blockchains. Anyone can propose an initiative they want the Polkadot Treasury to fund and must put down 5% of the total amount of DOT they think the project will cost. This 5% bond must be a minimum of at least 100 DOT.

👀Initial Parachain Offering👀

Shortly after being announced, Polkadot seems to have renamed its new crowdfunding mechanism from Initial Parachain Offering to Parachain Loan Offering. The way it works is that DOT holders will be able to loan their coins to the projects building on Polkadot that they believe should get a Parachain slot. The projects vying for a slot can further incentivize DOT holders to loan them the DOT they need by promising to airdrop some of their tokens if they get the slot, hence the term Parachain Loan *Offering*. 🖥Thousand Validator Program🖥 This initiative had previously been tried on Polkadot’s de facto test-net, Kusama, with remarkable success. The program increased the number of validators on Kusama from 25 to 700 in a matter of weeks. If your application is successful, the Web3 foundation will nominate you to be a validator; they will delegate their DOT to you to make sure you have enough staked DOT.

🔗PolkaBTC & Token Standard🔗

Interlay is building a trustless bridge between Bitcoin and Polkadot. This trustless bridge will be a wrapping protocol similar to Ren, which allows users to lock up BTC to mint an equivalent amount of renBTC, which lives as an ERC-20 token on Ethereum. Another Polkadot project called KILT is building a token standard on Polkadot that will function in the same way as the ERC-20 token standard on Ethereum. This will make it easy for other Polkadot projects to mint tokens of their own using KILT’s token standard.

🕵️‍♂‍Regulatory Issues?🕵️‍♂‍

In April 2020, the Crypto Ratings Council gave Polkadot’s DOT, Tron’s TRX, and Nervos Network’s CKB a securities score of 4.75 out of 5. The fact that the Polkadot main net was not live when the Crypto Ratings Council made their assessment should reduce the risk of DOT being deemed a security by the SEC

📈DOT Potential 2021📉

A 5-10x move from DOT’s current price is a reasonable expectation for this bull market. The 640 million DOT currently being staked have a 1 month unlock period. When the price of DOT really starts to rise, the chances of it going parabolic are incredibly high due to the short-term shortage of DOT on the open market

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

Latest videos

What REALLY Happened With Celsius
What REALLY Happened With Celsius?! What We Know!!
What REALLY Happened With Celsius

What REALLY Happened With Celsius?! What We Know!!

June 23, 2022 2 min read
Three Arrows Capital What REALLY HAPPENED to 3AC
Three Arrows Capital: What REALLY HAPPENED to 3AC?!
Three Arrows Capital What REALLY HAPPENED to 3AC

Three Arrows Capital: What REALLY HAPPENED to 3AC?!

June 22, 2022 2 min read
Crypto News Market Meltdown 3AC Celsius Job cuts
Crypto News: Market Meltdown, 3AC, Celsius, Job Cuts & MORE!!
Crypto News Market Meltdown 3AC Celsius Job cuts

Crypto News: Market Meltdown, 3AC, Celsius, Job Cuts & MORE!!

June 21, 2022 2 min read
Is China GDP Fake
Have We Been LIED TO?! China’s FAKE GDP Numbers!!
Is China GDP Fake

Have We Been LIED TO?! China’s FAKE GDP Numbers!!

June 19, 2022 2 min read
Elon's Twitter TAKEOVER Will It Succeed
Elon’s Twitter TAKEOVER!! Will It Succeed? What You Need To Know!!
Elon's Twitter TAKEOVER Will It Succeed

Elon’s Twitter TAKEOVER!! Will It Succeed? What You Need To Know!!

June 16, 2022 2 min read
The DeFi Crypto Regulation THEY Want
Have You READ THIS!? The DeFi Crypto Regulation THEY Want!!
The DeFi Crypto Regulation THEY Want

Have You READ THIS!? The DeFi Crypto Regulation THEY Want!!

June 15, 2022 2 min read
Crypto News Market Meltdown Celsius ETH Delay Inflation
Crypto News: Market Meltdown, Celsius, ETH Delay, Inflation & MORE!!
Crypto News Market Meltdown Celsius ETH Delay Inflation

Crypto News: Market Meltdown, Celsius, ETH Delay, Inflation & MORE!!

June 13, 2022 2 min read

Related videos

What REALLY Happened With Celsius
What REALLY Happened With Celsius?! What We Know!!
What REALLY Happened With Celsius

What REALLY Happened With Celsius?! What We Know!!

June 23, 2022 2 min read
Three Arrows Capital What REALLY HAPPENED to 3AC
Three Arrows Capital: What REALLY HAPPENED to 3AC?!
Three Arrows Capital What REALLY HAPPENED to 3AC

Three Arrows Capital: What REALLY HAPPENED to 3AC?!

June 22, 2022 2 min read
Crypto News Market Meltdown 3AC Celsius Job cuts
Crypto News: Market Meltdown, 3AC, Celsius, Job Cuts & MORE!!
Crypto News Market Meltdown 3AC Celsius Job cuts

Crypto News: Market Meltdown, 3AC, Celsius, Job Cuts & MORE!!

June 21, 2022 2 min read
Is China GDP Fake
Have We Been LIED TO?! China’s FAKE GDP Numbers!!
Is China GDP Fake

Have We Been LIED TO?! China’s FAKE GDP Numbers!!

June 19, 2022 2 min read
Elon's Twitter TAKEOVER Will It Succeed
Elon’s Twitter TAKEOVER!! Will It Succeed? What You Need To Know!!
Elon's Twitter TAKEOVER Will It Succeed

Elon’s Twitter TAKEOVER!! Will It Succeed? What You Need To Know!!

June 16, 2022 2 min read
The DeFi Crypto Regulation THEY Want
Have You READ THIS!? The DeFi Crypto Regulation THEY Want!!
The DeFi Crypto Regulation THEY Want

Have You READ THIS!? The DeFi Crypto Regulation THEY Want!!

June 15, 2022 2 min read
housing bubbles
Housing Bubble COLLAPSING?! What You NEED To Watch!!
housing bubbles

Housing Bubble COLLAPSING?! What You NEED To Watch!!

June 12, 2022 2 min read