What does DOT limited time mining mean (dot coin mining)
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DOT limited time mining What does it mean? According to official information, what does Polkadot (DOT) limited time mining mean? According to the official introduction, the deflation mechanism of DOT is destroyed through forking. 10% of the total supply of DOT will be locked for a year to ensure network security and ensure normal protocol operation until the entire network is fully released. Specifically, each block will be destroyed and a portion of the tokens will be allocated to users in a certain proportion, which can increase or decrease over time Therefore, DOT will generate rewards and unlocks in the form of inflation at the beginning of its launch, and a large number of trading pairs will appear every day after its launch According to official information, DOT mining will officially launch on September 18, 2020 at 4pm. It is reported that dot is the first cross chain interoperable blockchain project using Substrate, which aims to build an applied public chain system integrating decentralized Oracle machine, smart contract execution and other functions DOT (Polkadot native token) is the only fully programmable asset in the Polkadot ecosystem; The total amount of DOT is limited, only 21 million pieces, and the current circulation is only 20 billion. Users can pledge DOT to any wallet, receive DOT rewards, or lock in for one year to participate in network governance.
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