Polkadot (DOT) is an open-source protocol that allows any data or asset type to be transferred between different blockchains, making them interoperable with each other. Being a sharded multichain network, it can process multiple transactions on several chains simultaneously.

Launched by Web3Foundation, a platform that strives to build a new decentralized web, Polkadot is highly flexible and adaptive and doesn't need to fork to be upgraded. It also makes developing custom blockchains and connecting them to Polkadot's network is quick and easy.

The two primary functions of the DOT token are earning rewards via staking and having a say in how the network will develop. There's no maximum number of DOT.

Important: please note that DOT deposits and withdrawals are currently not supported. You can exchange and store DOT. If you'd like to receive or send it, you'll have to first exchange it for a currency which supports crypto deposits and withdrawals – you can always check with the list in this article.

In compliance with the Financial Promotion Act which came into force on 8 October, 2023, at 8 AM UTC, some account functionality is temporarily limited for the Cryptopay customers with verified UK residency.
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