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Polkadot

DOT

Polkadot

DOT

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₹774.45

LIVE

24H Low ₹723.42

24H High ₹883.62

Price of DOT today

The current live price of DOT today is ₹774.45, with a 24-hour trading volume of ₹1,49,73,77,05,200.90. Our DOT to INR price is updated in real-time. DOT has seen a decrease of -12.51% in the last 24 hours. With a live market cap of ₹11,77,71,47,94,532.50 , the circulating supply is at 1,527,201,638 DOT coins, with a maximum supply of 1,527,201,638DOT coins.

Polkadot Price History

Date ComparisonAmount Change% Change
Today-₹95.67

11%

7 Days-₹121.95

13.6%

30 Days₹292.86

60.81%

1 Year₹132.66

20.67%

Polkadot Price Information

Price Change (1hr)

12.79%

Price Change (24hr)

11%

Price Change (7d)

13.6%

Polkadot Market Stats

Market Cap

₹11,77,71,47,94,532.50

Fully Diluted Market Cap

₹11,77,71,47,94,532.50

24hr Volume

₹1,49,73,77,05,200.90

129.23%

Circulating Supply

1527201637.84 DOT

Total Supply

1527201637.84 DOT

Things to know about Polkadot

What is Polkadot (DOT)?

  • Polkadot (DOT) is a protocol that connects blockchains, allowing value and data to be sent across previously incompatible networks.

  • It is designed to be fast and scalable, using parallel blockchains (parachains) to take much of the processing demand off the main blockchain.

  • DOT for governance and staking.

Tokenomics

  • Initial distribution: 3.42% Private Sale, 5.00% SAFT Investors, 50.00% Auction Investors, 11.58% Future Sales, 30.00% to Web 3 Foundation.

  • There is no capped maximum supply and rewards via staking.

  • Expected supply of 1.5 billion by January 2025.

Market Data

As of today #{today’s date}, the price of Polkadot is ₹774.45 INR or 8.605 USD, with a 24-hour trading volume of 1663752280.01 USD. The market capitalization for Polkadot is 13085719939.25USD. The circulating supply is 1527201637.84 Polkadot, with the total supply also being 1527201637.84 Polkadot.

Token Pros and Cons

Pros:

  • Enables interoperability between different blockchains.

  • Uses a nominated proof-of-stake consensus mechanism for network security.

  • Offers scalability through parallel processing of transactions on parachains.

:

  • The network is still developing, and full functionality is pending.

  • High competition from other interoperability and layer-1 projects.

  • The complexity of the network might be a barrier for new users.

Why Should You Invest in the Coin?

  • Innovative blockchain interoperability and scalability.

  • Growing ecosystem, the potential for new applications.

USP of the Coin

  • DOT enables seamless data/value transfer across blockchains.

  • A significant step towards a decentralised web.

Problem the Coin is Solving

  • DOT addresses blockchain isolation, enhancing interoperability and scalability.

  • It facilitates data and asset transfers between different blockchains.

Founder and Team Background

  • It was created by Dr. Gavin Wood, co-founder of Ethereum.

  • It was developed by the Web3 Foundation with experienced blockchain professionals.

ICO Price

  • $0.288 in 2017 private and public sales.

  • Subsequent 2020 private sale at $1.2 and $1.25.

Risks Associated in Investing in the Coin

  • Market volatility, regulatory changes, technological challenges, competition.

  • Importance of research and risk tolerance consideration.

Whitepaper Insights

The Polkadot whitepaper outlines a next-generation blockchain protocol that enables diverse blockchains to transfer messages and value trust-free, sharing their unique features while pooling their security. This is achieved through a central relay chain that coordinates the network, facilitates interoperability, and ensures shared security among the connected parachains and parathreads. Polkadot introduces a novel data structure, allowing for the efficient and scalable processing of transactions and the execution of complex inter-chain operations. The inclusive governance model allows all DOT token holders to participate in decision-making processes, including protocol upgrades and changes. The whitepaper details the technical mechanisms behind the consensus algorithm, parachain allocation via auctions, and the network’s approach to scalability and security. It emphasises the importance of a user-driven governance model and the potential for Polkadot to support a new wave of decentralised applications by providing a robust platform for developers. The vision is a fully decentralised web where users control their data and blockchains can interoperate seamlessly.

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Price as per 08:56 AM • 10 Dec 2024

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What is the price of Polkadot (DOT)?

The current price of Polkadot (DOT) in INR is ₹774.45 INR.

What is the current DOT market cap?

The current market capitalization of Polkadot (DOT) is ₹11,77,71,47,94,532.50 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of DOT by the number of coins in circulation.

What is the current supply of Polkadot (DOT)?

The current supply of Polkadot (DOT) is 1527201637.84 DOT. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Polkadot (DOT)?

The 24-hour trading volume of Polkadot (DOT) in INR is ₹1,49,73,77,05,200.90. This figure represents the total value of all DOT transactions across various exchanges within the last 24 hours.

How to Buy Polkadot (DOT) in India?

To buy Polkadot (DOT) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in DOT.

Can I buy Polkadot (DOT) with UPI?

Yes, you can buy Polkadot (DOT) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Polkadot (DOT) to Indian Rupee (INR)?

To convert Polkadot (DOT) to Indian Rupee (INR), you can use our DOT/INR conversion rates in real time.

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