When was DOT issued (total supply of DOT)

When was DOT issued? According to the official introduction from Polkadot, DOT was issued on June 19, 2020 (block height 12,295,000), when Ethereum underwent a fork.

As of now, the fork is already halfway completed. The first part involves transferring to the validator contract, the second part involves burning (meaning there will be no transaction records if not upgraded), and the third part involves locking, which requires unlocking a certain amount of DOT to participate in the next round of staking and mining activities. The specific timing depends on users’ holdings, network status, and block rewards.

According to official information, when will DOT go live? It will start being available for sale at the end of 2021. As shown in the chart, the price of DOT has been consistently rising since May this year, continuously reaching new heights, with a peak around $13 at the end of June. (Note: DOT is a token within the Polkadot ecosystem)

Total supply of DOT

According to official DOT data, the current total supply of DOT is 200 million. Among them, 100 million were allocated during the genesis block (worth approximately $300 million), 200 million were transferred, and 500 million were allocated for transaction fees and staking rewards (worth approximately $400 million). The allocations are currently distributed as follows: The first round of fundraising came from the foundation (around $80 million). The second batch of fundraising includes:

1. Ethereum Foundation

2. Polkadot ecosystem projects (such as Polkadot)

The third part is used for developer community incentive programs.

The fourth aspect is the adjustment of the DOT token’s economic model.