Polkadot has actually now clocked up a year of live mainnet operations, however this summer will mark among the most considerable turning points on its roadmap to date. The Polkadot parachain slot auctions will mark the first time that projects will have the ability to connect to Polkadot’s main Relay chain, finishing its journey to a live mainnet hosting chains that support decentralized applications.
Before that takes place, Polkadot will set a precedent for what’s to come as its speculative sibling network, Kusama, tests out the process in a live production environment.
So, this indicates that the complete token utility of the DOT and KSM tokens will finally be live, making it possible for the financial design underpinning the tokens to play out. So whether you’re a long-time DOT holder or a relative beginner looking for more information, this guide describes whatever you require to learn about DOT tokenomics.
Within the Polkadot environment, DOT holders can do the following with their tokens:
- Participate in the governance of the Polkadot network
- Participate in staking either to become a validator or to nominate validators
- Bond tokens to link a chain to the Polkadot Relay chain as a parachain