Polkadot
Name
Polkadot
Summary
-Polkadot is an open-source sharded multichain protocol known as layer-0 meta protocol.
-Polkadot was founded by Dr. Gavin Wood, Robert Habermeier, and Peter Czaban in 2016
-The network employs an NPoS (nominated proof-of-stake) process with validators and nominators.
Rating
Symbol
DOT
Overview
Polkadot is venturing into Blockchain Oracles. Blockchains typically interact with data within their blockchain, thus rendering them valuable but limited. Oracles essentially feed external data to Blockchain, enabling it to react/respond to external events and conditions.
Polkadot enables an individual to convert his contract into a readable smart contract, generate a validation hash, and back. It does so by creating an on-chain and an off-chain infrastructure and then feeding data through an API to the on-chain infrastructure. The idea of creating a Blockchain Oracle is required by the industry and Polkado has positioned itself to do this.
Historical Price Movement (in INR)
Technology
Polkadot uses Nominated Proof-of-Stake (NPoS), a method of authenticating crypto transactions depending on the number of coins each participant has put up as collateral.
The leading implementations in Polkadot are built in Rust programming language using a substrate framework.
Use of native tokens in the ecosystem:
Polkadot's native DOT token has three distinct functions: operational and security staking, network governance facilitation, and bonding tokens to connect parachains.
Polkadot Auction
50%
Web3 foundation
30%
Further Pre-Launch Distributions
20%
Volume (27th March 2022)
$555,770,112
Total Supply
1103303471
Circulating supply
987,579,314.96 DOT
Crowd Sales
Polkadot has raised $293.7 million in 11 rounds of investment. Their most recent fundraising came through a Secondary Market round on August 23, 2020.
Funding
23/08/2020:Secondary market-NA
27/07/2020:ICO-$43.7M
22/08/2019:Venture round-NA
27/06/2019:ICO-NA
03/06/2019:Venture round-NA
01/12/2018:Seed round-NA
30/10/2017:Seed round-NA
15/10/2017:ICO-$250 M
10/10/2017:ICO-NA
Country
Switzerland
Name of Organization
Web 3.0 Technologies Stiftung
Year Incorporated
2016
Registered Address
Reiffergässli, 4 Zug 6300 CH, 6300 Zug
Dispute Resolution and Governing Law
Switzerland
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Dr. Gavin Wood | Founder | University of York: Doctor of Philosophy (Ph.D.), Music Visualization for Human-Computer InterfacingUniversity of YorkMaster of Engineering (MEng), Computer Systems/Software Engineering | 22 yrs |
| Peter Czaban | Co-Founder | University of OxfordMaster’s Degree, Engineering ScienceThe August Witkowski 5th High SchoolPhysics, Mathematics, Computer ScienceKrajowy Fundusz na rzecz DzieciPhysics and computer science | 7 yrs |
| Robert Habermeir | Co-Founder | NA | 7 yrs |
Whitepaper 
