Why is DOT trading suspended (What is the use of DOT coins)
Why is DOT trading suspended? According to the news from the Polkadot China comm
Why is DOT trading suspended? According to the news from the Polkadot China community, Parity, the DApp development platform for the Polkadot eco-project, recently announced the suspension of DOT trading. Some users have questioned why DOT trading has been suspended. The reasons are as follows: 1. There is no node running the validation program in the Polkadot network, and there has been no complete network upgrade; 2. Some nodes are unable to function properly due to issues such as failure to create new accounts or wallets on the main network; 3. DOT has been frozen, leading to significant price fluctuations in its tokens; 4. To prevent this situation from happening again, the official has made modifications to the project’s whitepaper to address this issue.
What is the use of DOT coins
What is the use of DOT coins? DOT is a decentralized cryptocurrency represented by nodes in the network. By holding these tokens, users can participate in network governance and receive rewards. According to Coinmarketcap data, among the top 10 projects with the highest market capitalization, 7 have already issued their own DOT coins (including Polkadot and Cosmos), 3 projects that have stopped or are about to launch are working on their mainnet deployment; 6 projects that have not yet issued coins are already listed on exchanges; and the market rankings of 5 projects with large circulating supplies have all declined. (Blockchain Daily)
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