About DOT
DOT is the native token to the Polkadot platform, a sharded blockchain that allows for the exchange of data between networks without sacrificing security. This improves Polkadots scalability and efficiency. DOT provides governance on the Polkadot platform, operates the network, and creates parachains by bonding DOT coins. Holders are able to determine the fees of the network, auction options for the addition of parachains via the underlying code of Polkadot. DOT’s main goals are to provide governance, allowing holders to contribute to the future of the coin and is meant for staking in order for the Polkadot network to verify transactions and create future DOT.
