Polkadot

CRYPTO

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About Polkadot

DOT is the token native to the Polkadot network for the purpose of carrying out the key functions of the platform. DOT serves multiple purposes such as: Governance, where participants can manage protocol updates and fixes; Staking, where the tokens are staked to ensure the network remains secure, as good validators are rewarded, and bad actors lose their stake; Bonding, where new parachains are supported by bonding tokens; and Fees — for ferrying messages across parachains.