What is Polkadot (DOT)?
Polkadot is a public decentralized multi-chain network that prioritizes interoperability and scalability while not compromising on security. The network was founded by Gavin Wood, co-creator of Ethereum, and raised USD 145 million in its high-profile ICO in 2017. As one of the biggest projects supported by the Web3 Foundation, it is undoubtedly a project worth one's attention.
How Polkadot (DOT) Works
Unlike the majority of public blockchain networks, Polkadot introduces great infrastructure improvements. It consists of one main blockchain called the "Relay Chain", and quite a few independent sub-chains called "parachains". The Relay Chain is responsible for security, governance, and data validation. Each parachain is independent and customizable to every developer's needs. Though the parachains operate independently, they benefit from the security and interoperability of the Relay Chain, as there exist many bridges among the parachains and between the Polkadot network and other blockchain networks. At the moment, it is estimated that about 100 parachains are working in Polkadot.
Because of such a multilayered structure, Polkadot can achieve speed, security, and scalability at the same time, and is thus considered among the most scalable public blockchains, even more so than layer-2 solutions.
Polkadot uses the Nominated Proof of Stake (NPoS) consensus algorithm, in which DOT holders can act as one of four stakeholders of the blockchain as follows:
- Nominators: pick validators, and secure the Relay Chain
- Validators: take part in consensus, and validate proofs from collators
- Collators: keep track of transaction records on parachains, and send such records to the Relay Chain
- Fishermen: report unusual behaviors in the network
How Many DOT Tokens Are in Circulation?
DOT is the native token of the Polkadot blockchain that can be used for staking and governance. There is no hard cap for DOT. The current DOT amount in circulation is 1.12 billion.
How to Buy Polkadot (DOT)
Consider investing in Polkadot (DOT)? It only takes 2 minutes to create an account on Bitget and start trading DOT.
Check out the available DOT trading pairs on Bitget!
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Polkadot Resources
Simple 3-step guide to buying DOT today in Niger
Create your free Bitget account
Select a funding method
Complete your polkadot purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for polkadot using a payment method of your choice:
Buy polkadot with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your polkadot order.
How to buy crypto with credit/debit cardBuy polkadot with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into polkadot is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your polkadot order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your polkadot order.Buy polkadot with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your polkadot order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor polkadot in your Bitget spot wallet
Bitget—where the world trades polkadot
How to buy polkadot for free
- Learn how to earn polkadot for free through the Learn2Earn promotion
- Earn free polkadot by inviting friends to join Bitget's Assist2Earn promotion
- Receive free polkadot airdrops by joining On-going challenges and promotions
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A landlocked nation in West Africa, Niger is formally known as the Republic of Niger. It is a unitary state that is bordered to the northeast by Libya, to the east by Chad, to the east by Nigeria, to the southwest by Benin and Burkina Faso, to the west by Mali, and to the northwest by Algeria. There are 26,206,007 people living in Niger as of the year 2022, and the CFA franc is the country's official currency. Using P2P trading and other crypto deposits, you may buy polkadot(DOT) and other cryptocurrencies on the Bitget platform in a matter of minutes.
French and English are Niger's official languages. Both the Bitget app and website are accessible using these languages.
Niamey, Maradi, Zinder, and other lovely cities may be found in Niger. Bitget will be available to provide you with a seamless trading experience wherever you are in Niger.
Desert weather prevails in the north, semi-desert weather prevails in the middle, and semi-arid savanna weather prevails in the south of Niger. Sand dunes and desert plains make up the bulk of the landscape. Large plains and hills can also be found in the south and north, respectively. Tropical weather prevails in the deep south, close to the Niger River Basin's borders. Using Bitget exchange, you can trade cryptocurrency whether you are in Niamey, Maradi, or Zinder.
The Republic of Niger celebrates its independence from France in 1960 on August 3 with Independence Day. Since 1975, it has also been Arbor Day, with trees being planted all around the country to help prevent desertification. There are numerous beautiful places to visit in Niger, including the Lotus Spa, Grand Marché, Niamey Grand Mosque, Ferme Youyou, and National Museum of Niger (Musée National du Niger).