It hasn’t been even a week since the last announcement, and OKEx is back at it again by announcing the listing of one more cryptocurrency. According to the leading crypto spot and derivatives exchange platform, Web3 Foundation’s Polkadot (DOT) token is now available for spot trading against USDT.
Polkadot is a scalable, interoperable, and secure network protocol for the next web. It redefines the way people interact with the internet by putting more control into the users’ hands through complete decentralization. Polkadot is working on connecting private and consortium chains, public and permissionless networks, oracles, and other future technologies to encourage smooth information exchange across different protocols in a trustless manner.
In its current design, Polkadot makes it easy to build and connect decentralized applications, services, and institutions. Its interoperability ensures that tokens as well as data can be seamlessly transferred between different blockchains, making it a true multichain application environment supporting cross-chain registries and computation.
Being a product associated with Web3 Foundation, there are high expectations riding on it, and a lot of technology giants including the likes of Google, Apple, Microsoft, and Mozilla have contributed to the Polkadot ecosystem. Regarding the inclusion of DOT tokens on OKEx, CEO Jay Hao said, “We’re extremely excited to be among the first exchanges to partner with the Web3 Foundation to list this innovative and forward-thinking project.”
Mr. Hao further added, “The Polkadot platform has been built by some of the biggest minds in the crypto space, and its mission of enabling Web3 where our data is our own and is safe from any centralized authorities is truly admirable. We’re very happy to be at the forefront of the next web and offer yet another in-demand project to our users.”
Even though DOT/USDT spot trading is already live on OKEx, users cannot deposit or withdraw DOT from their accounts right now. According to OKEx, DOT deposits, withdrawals and opening of additional trading pairs will be announced shortly. Even the DOT transfers aren’t enabled yet, with the current DOT address being in use only for claiming purposes. However, OKEx supports DOT mainnet assets claims, which requires some manual operation with specific steps to follow.
More information on DOT listing is available at – https://www.okex.com/support/hc/en-us/articles/360046402651