Polkadot is currently on the mainnet, and transfers will start on the 18th of this month. I think that if Polkadot really wants to land, it still needs to wait for the parachain to be officially launched, and when the XCMP cross-chain protocol can realize the cross-chain interoperability of the parachain, will it really break out.

For users who do not understand technology, you may not directly participate in Polkadot's project development, but Polkadot has many profitable points and it is worth our participation.

1. Staking for mining.

Polkadot’s consensus mechanism is the NPOS nomination proof of equity. The nominator is the person who holds the DOT, and the DOT can be nominated to the validator node. After the validator node receives a certain commission, the remaining income is distributed to the nominator according to the pledge ratio . Since the DOT pledged by the nominator is on the Polkadot network, the validator node has no right to transfer, so the risk is relatively low, but the benefits are also considerable. About 1000 DOT pledged, you can get 0.4 DOT income per day.

2. Participate in the parachain slot auction, also called IPO.

Polkadot's parachains are not arbitrarily allowed to join. Project parties who join Polkadot's parachains must bid for the parachain slots. People who hold the DOT are called to vote for the project, and only after winning the bid can they have the right to use it. Slot. If the bid of the project party is successful, the people who voted for the project party can get the project party’s tokens as a reward. For users who hold DOT, DOT is not given to the project party, so IPO is different from ICO, with very low risk and rewards. not bad.

3. Can participate in Polkadot's DEFI.

Everyone knows that DEFI is currently the hottest hot spot in the entire industry. At present, various DEFI projects on Ethereum are very attractive. Compared with Ethereum, Polkadot’s DEFI is related to the existence of cross-chain technology. The currency types are wider, the handling fee is lower, and the functions are more abundant.

For example, Polkadot’s DEFI project, Acala, can release liquidity. DOT can use Acala to pledge operations on Polkadot’s parachain to obtain the corresponding L-DOT. The L-DOT that releases liquidity can be over-collateralized to generate aUSD and then purchased DOT continues to be pledged. In the entire operation process, the pledged DOT not only can obtain pledged mining income, but also release liquidity and leverage more income.

4. Can participate in the verification node of the Polkadot ecological project.

Polkadot’s validator requirements are very high. The total number of node pledges currently requires more than 2w DOT to become an official validator. Therefore, it is very difficult for ordinary whites, but Polkadot’s ecological projects are mostly used. In the Substrate framework, the consensus mechanism may be NPOS, so Xiaobai has the opportunity to participate in the deployment of validator nodes in the early stage of the project, and he can get a generous commission with very little investment.

summary

Therefore, I think if all the future development of Polkadot is going well, holding DOT is like a hen laying eggs, and you will enjoy the dividends brought by Polkadot's entire ecological development. Of course, there will be more gameplays. You can pay attention to ours. On the official account doterio, I will continue to push relevant content.