Jul 27, 2020 ⋅ 2 min read
Polkadot token holders have voted to change the denomination between DOT and its smallest unit, Plancks, by a factor of 100. Thus, the initial DOT supply will now be 1 billion as opposed to its original 10 million. But similar to a stock split, the supply change won’t impact Polkadot’s pre-market valuation as the dollar amount of each DOT will decrease by 100x. This change will officially occur about 72 hours after DOT transfers unlock at block #1,205,128 (estimated to arrive on Aug. 18).
The vote allowed DOT holders to choose whether to increase the DOT supply by 10x, 100x, 1,000x, or keep it the same. The 100x split received support from roughly 86% of the participating supply (1 DOT per vote), while the next closest option received only 26% (DOT holders were able to select multiple options). What’s remarkable is very few participants (~4%) had any interest in keeping the original denomination.
Why it matters:
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in