Polkadot Price - DOT/AUD : $11.1960

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Order book DOT / AUD

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DOT: AUD 11.0960
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Aud
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Dot
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DOT: AUD 10.9530
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Dot
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Aud
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What is Polkadot (DOT)?

Polkadot is an open-source blockchain and cryptocurrency. It is a fully interoperable and highly scalable multi-chain application platform. Polkadot’s network nurtures innovation and hosts a growing ecosystem of emerging Web3 technologies.

Blockchains are built to operate without central control. They have developed separately, using their own programming languages and consensus mechanisms. This has made it difficult for independent chains to exchange information because there is no technical standard. Polkadot was specifically created to solve this issue.

A world-first

Polkadot offers a unique solution as the world’s first layer-0 protocol. It connects independent blockchains and enables them to share data in a trustless manner, using their own fuels, governance, and special functions. This is a game changer as it makes it simple for developers, content creators, and token holders to use decentralised products and services together.

Polkadot connects the dots! Its core relay chain unites a city of blockchains into one interconnected network, comprised of parachains and parathreds. They share common resources and utilise the security and scalability of Polkadot to process fast and cheap transactions. Through bridges, they can also connect to blockchains outside the network, like Bitcoin and Ethereum.

Integrated features

Polkadot’s integrated security features and cross-chain capabilities allow digital assets and smart contracts to be sent between chains effortlessly, using Polkadot’s Cross-Consensus Messaging Format (XCM). Polkadot also provides an out-of-the-box blockchain-building framework that developers can use as a starter kit to build their own decentralised applications (dApps) using Polkadot’s programming language, Substrate.

Polkadot (DOT) is one of the top cryptocurrencies by market capitalisation. The native token of the Polkadot blockchain is DOT, which powers the entire network.

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How we treat client assets

No commingling of customer funds: we keep client assets completely separate from our own.

1:1 reserves

We maintain a full 1:1 reserve of all client fiat and crypto assets.

We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.

Audited

Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.

Segregated funds

We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.

We keep your assets safe. That is our promise.

Sole custodian

Independent Reserve is the sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.

We adhere to industry best practices and never lend, trade or reinvest your assets.