peaq leverages the biggest ecosystems of web3: polkadot and ethereum tool stacks
It enables people and organizations to build dApps for users of vehicles, machines, robots and devices, while empowering both app builders and users to govern and earn from them by leveraging DeFi and Machine NFTs.
peaq's use of Machine NFTs allows users to buy and sell stakes of machines on the peaq network, effectively facilitating the monetization of machines.
EricF
Built like a GPU-powered machine.
@peaq is the layer‑1 designed for decentralized compute, scaling DePINs for AI, gaming rigs, and real machines.
Think modular GPU blocks, idle power turned on‑chain, plug your devices straight into the Web3 compute grid.
This is GPU architecture reimagined
This is peaq
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EricF
By combining the best features from multiple dedicated blockchains, @Polkadot paves the way for the emergence of new decentralized markets, providing a fairer means of accessing services through various applications and providers.
While blockchain shows great potential in various fields such as the Internet of Things (IoT), finance, governance, decentralized identity management, and asset tracking, some design limitations in previous systems have largely hindered its widespread adoption.
EricF
Does this mean there is a partnership between the two big Ps?
@pudgypenguins
@Polkadot (when join @peaq)
Show original
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Bitman
What do you see?
I see @MemeX_MRC20 @anoma @OpenledgerHQ @JoinSapien @Polkadot @MitosisOrg @PortaltoBitcoin
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Bitman
🚨 @Polkadot 2.0 is rolling out between late August–early September!
What’s coming:
- Elastic Scaling → rent multiple cores like cloud compute
- Agile Coretime → pay-as-you-go execution
- Async Backing → faster block production (6s default)
This is Polkadot Cloud 2.0:
A modular Web3 infrastructure where parachains = services
And every service is interoperable by design.
$DOT isn't just a token, it's fuel for the new on-chain compute economy.
Ready for the Cloud?
2.16K
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Panther
You can already pre-register for Pudgy Party on the App Store.
With their other titles, there were unique items / bonuses that came with registering before the game went live.
Not saying this one will, but doesn’t hurt to have it in the que.
Polkadot slowly taking over Web3 mobile gaming.
The current price of Polkadot is $3.9090. Since 00:00 UTC, Polkadot has increased by +0.41%. It currently has a circulating supply of 1,522,267,060 DOT and a maximum supply of 1,522,267,060 DOT, giving it a fully diluted market cap of $5.95B. At present, Polkadot holds the 22 position in market cap rankings. The Polkadot/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Often referred to as the "Blockchain of Blockchains," Polkadot is a next-gen Layer 0 meta protocol and an open-source blockchain launched in May 2020 to realize the broader vision of a secure, resilient, and fair Web3.
Polkadot unites a network of native purpose-built Layer 1 blockchains called parachains and multiple external blockchains (connected to it using innovative bridging technology), allowing them to operate at scale alongside each other seamlessly.
The parachains and external blockchains can freely interact with each other, making them interoperable. This is a significant shift from the siloed design of conventional blockchains like Ethereum and Bitcoin. Parachains can process transactions simultaneously, reducing the burden on the main chain and offering ease of scalability. They also allow developers to customize their blockchains, allowing them to optimize parachains for specific use cases with their native tokens.
The Relay Chain is Polkadot's central chain, created using the Substrate framework. The Relay Chain is responsible for maintaining Polkadot's shared security, cross-chain interoperability, and consensus mechanism. It has been designed to handle minimum functions, including the network's governance and nominated Proof of Stake (NPoS). All validators are staked on the Relay Chain and confirm transactions from the connected parachains.
The Polkadot ecosystem also has parathreads, which are parachains based on a pay-as-you-go model, making them more affordable. The parachains and parathreads can connect and communicate with external blockchains like Bitcoin or Ethereum through bridges.
The network is secured using the NPoS consensus mechanism. Users can choose to participate in the consensus system as nominators or validators. Nominators can select trustworthy validators to update the network while validators verify transactions. Both nominators and validators stake DOT and receive rewards in return.
DOT use cases
DOT serves multiple purposes within the larger Polkadot ecosystem. It is the currency used to pay transaction fees when sending data or tokens across chains. It also serves as a governance token that users can stake to vote on the future of Polkadot.
DOT tokens also serve as the currency to incentivize users to maintain the system's security. Users can stake DOT to participate in the network's consensus mechanism. DOT is also used for bonding, a type of Proof of Stake. By bonding tokens, developers can create new parachains, while removing bonded assets will delete outdated parachains.
DOT tokenomics and distribution
DOT is an inflationary token, implying it doesn't have a hard cap or maximum supply. It has an approximate inflation rate of 10 percent, with new tokens generated for incentivizing validators. One can transfer DOT in fractions, with the smallest unit being 0.0000000001 DOT, called a Planck.
10 million DOT tokens were generated during its first Initial Coin Offering (ICO) held in October 2017. The tokens were distributed in the following manner:
50 percent: ICO buyers
30 percent: Web3 Foundation for Polkadot development and other Foundation activities
11.6 percent: Web3 Foundation for future fundraising initiatives
5 percent: Private sale round held in 2019
3.4 percent: Token sale held in 2020
A DOT redenomination took place on August 21, 2020, after a network-wide referendum. As a result, the DOT balance for all existing holders was automatically increased by a factor of 100. The original 10 million DOT supply changed to 1 billion after the redenomination, and the market value of each DOT token decreased by a factor of 100. This event is popularly referred to as "Denomination Day."
About the founders
Polkadot is the flagship project of the Web3 Foundation, which was formed by Gavin Wood, Peter Czaban, and Robert Habermeier in 2017. Web3 Foundation is a Swiss-based non-profit foundation established to support Polkadot's research, development, and fundraising efforts.
A well-known name in the crypto and blockchain world, Wood is one of the pioneers of blockchain technology. He is the co-founder and former CTO of Ethereum and the founder of Parity Technologies. In addition, Wood coined the term Web3 back in 2014.
Wood also invented Whisper, a P2P communication protocol, Proof of Authority consensus, and the Solidity programming language. He currently heads the innovation initiatives on Polkadot and Substrate.
Czaban holds a master's of engineering from the University of Oxford and co-founded Web3 Foundation and Polkadot with Wood. Serving as Web3 Foundation's Technology Director, Czaban supports the creation of next-generation distributed technologies.
Habermeier is a Thiel Fellow with extensive research and development experience in cryptography, distributed systems, and blockchain tech. As a longtime Rust Community member, Habermeier is also widely known for using Rust to develop high-performance and parallel solutions.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 6.8K new posts about Polkadot, driven by 1.5K contributors, and total online engagement reached 727K social interactions. The sentiment score for Polkadot currently stands at 83%. Compared to all cryptocurrencies, post volume for Polkadot currently ranks at 1960. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Polkadot.
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Posts
6,765
Contributors
1,537
Interactions
726,604
Sentiment
83%
Volume rank
#1960
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Posts
6,739
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Polkadot FAQ
What is the total supply of Polkadot?
Polkadot was launched with an initial supply of 10 million. However, after the redenomination, the token balance increased by 100, turning the initial supply to 1 billion. That said, as an inflationary token, the supply of Polkadot is not capped. As of September 2022, over 1.2 billion DOT tokens were in circulation.
Where can I buy Polkadot?
Easily buy DOT tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include DOT/USDT, DOT/USDC and DOT/BTC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into DOT, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
Who do I contact if I have questions about buying DOT tokens?
OKX offers multiple ways to seek support. Our self-service support center addresses commonly asked questions about buying, selling, and trading digital assets. We also have a thriving global community, which can be reached through various channels, including Telegram, Reddit, Facebook, Line, Weibo and Twitter.
How much is 1 Polkadot worth today?
Currently, one Polkadot is worth $3.9090. For answers and insight into Polkadot's price action, you're in the right place. Explore the latest Polkadot charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Polkadot, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Polkadot have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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