Polkadot

Halal Rating :
Comfortable
Last Price $4.8 Last updated:
Rank 22
1D Change 5.14 %
Market Cap $7.37b
Circulating supply 1,546,837,101
Maximum supply None

Crypto Overview

Categories
  • Substrate
  • Polkadot
  • Polkadot Ecosystem
  • Three Arrows Capital Portfolio
  • Polychain Capital Portfolio
  • HECO Ecosystem
  • Arrington XRP Capital Portfolio
  • Blockchain Capital Portfolio
  • BoostVC Portfolio
  • CMS Holdings Portfolio
  • Coinfund Portfolio
  • Fabric Ventures Portfolio
  • Fenbushi Capital Portfolio
  • Hashkey Capital Portfolio
  • Kenetic Capital Portfolio
  • 1Confirmation Portfolio
  • Placeholder Ventures Portfolio
  • Pantera Capital Portfolio
  • Exnetwork Capital Portfolio
  • Web3
  • Spartan Group
  • Osmosis Ecosystem
  • Layer 1

Purpose and Utility

Polkadot is a multi-chain network that enables interoperability between different blockchains. Its primary purpose is to allow specialized blockchains to communicate with each other in a secure way. DOT serves multiple utilities: network governance, staking for network security, and bonding tokens to connect parachains to the network.

Business Model Evaluation

The platform's core functionality focuses on blockchain infrastructure and cross-chain communication. The business model is transparent and doesn't involve any inherently prohibited activities. The staking mechanism used for security is based on actual asset ownership and network participation, not interest-bearing lending.

Real-World Adoption

As of 2024, Polkadot has over 550 projects building in its ecosystem. The network currently supports dozens of active parachains including Acala, Astar, and Moonbeam. There are approximately 1 million DOT holders and consistent network activity demonstrating legitimate utility.

Platform Development

Polkadot maintains strong development activity with over 600 monthly active developers. The project consistently releases updates and improvements through its on-chain governance system. Recent developments include coretime functionality and elastic scaling.

Token Distribution

Initial token distribution allocated approximately 50% to investors through ICO, 30% to Web3 Foundation for future grants and development, and 20% to early founders/team. Founder tokens had multi-year vesting periods to ensure long-term alignment.

Revenue Model Analysis

The network's revenue model is based on legitimate technological services: parachain slot auctions, transaction fees, and network security through staking. These mechanisms don't involve interest-based lending or prohibited activities.

Rating Justification

Member Vote

Agree: 0 Disagree: 0

Login to vote on this

Comments

0 Comments

Login to join the discussion