OKX Staked DOT1
1. Summary
- Price
-
$4.31 0.0%
- Market Cap
- $0.00 (#10689)
- Supply
- /
- Description
-
OKX Staked DOT1 is a token representing users' staked DOT in Polkadot Parachain Slot Auctions for projects with lease periods. This token is issued by OKX, a leading cryptocurrency platform. Users holding OKX Staked DOT1 benefit from the governance and staking features inherent to DOT, including participating in Polkadot's Nominated Proof of Stake...
OKX Staked DOT1 is a token representing users' staked DOT in Polkadot Parachain Slot Auctions for projects with lease periods. This token is issued by OKX, a leading cryptocurrency platform. Users holding OKX Staked DOT1 benefit from the governance and staking features inherent to DOT, including participating in Polkadot's Nominated Proof of Stake (NPoS) mechanism.
Staking and Governance
OKX Staked DOT1 token holders can participate in NPoS by staking their tokens, supporting validators and contributing to the security of the Polkadot network. Validators generate blocks and validate transactions, and are rewarded equitably for their participation. In addition, DOT holders have voting authority on major network decisions, protocol modifications, and fee frameworks, ensuring that the network evolves based on the collective preferences of its stakeholders.
Economic Model and Token Dynamics
The Polkadot ecosystem is characterized by the dynamic interplay between staking and bonding for parachains, which impacts the availability of DOT tokens and potentially affects staking rewards. The risk of slashing (penalty for misconduct) serves as a deterrent against misbehavior and maintains the integrity of the network. Validators are subject to slashing, which depends on the amount of DOT staked.
Role in Polkadot Ecosystem
The DOT token, of which OKX Staked DOT1 is a representation, is integral to the Polkadot ecosystem. It provides governance, security, and economic support to the network. DOT tokens are used for voting, participating in auctions for connecting parachains to the relay chain, and determining overall network dynamics.
| Price | |
| 52W High price | $5.96 |
| 52W High date | 21st Feb 2023 (2 years ago) |
| All Time High (ATH) Date | 23rd Sep 2024 (4 months ago) |
| All Time Low (ATL) Date | 23rd Sep 2024 (4 months ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $1,646.00 |
How does OKX Staked DOT1's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
51,605.8%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 1,347 |
| Twitter followers | 3M |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://www.okex.com/okb |
|---|---|
| @okx |
Has OKX Staked DOT1 been audited for security?
No security audits found for this project.
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