Polkadot

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Polkadot
Polkadot logo.jpg
Key People Gavin Wood, Creator
Twitter @polkadotnetwork
Website Polkadot Homepage

Polkadaot is a protocol for interoperating blockchains.[1] Polkadot was founded by the Web3 Foundation.[2]

Gavin Wood, creator of Polkadot, wrote in a blog post on July 16, 2019, that an experimental, early version of Polkadot called Kusama would be launched in Summer 2019 to provide a test environment. Kusama has its own native token, the KSM, which is distributed along with the issuance of DOTs, Polkadot's native tokens.[3]

DOTs are the first tokens to be offered in an initial futures opening (IFO)by CoinFLEX. An IFO is a presale of tokens before they are issued where CoinFLEX organizes and publicizes both the primary and secondary trading of the tokens before they are issued on the blockchain.[4] The DOT IFO was scheduled for July 17, the day after Wood's blog about Kusama.[5]

References