OKEx has added the Polkadot Native Token (DOT) to its trading platform.
According to an ad shared with Cointelegraph on July 17th DOT spot trading against Tether Stablecoin USDT on OKEx started at 8:00 a.m. the same day. UTC. As Cointelegraph recently reported, With Pokadot technology, developers can start a new blockchain in an hour.
According to the announcement, DOT deposits and withdrawals are not yet available, and tokens are currently only available if you claim them on Ethereum’s main blockchain network. OKEx recently published detailed instructions on how to claim Ethereum-based ERC20 DOT tokens on Polkadot’s main network so that they are available on the exchange.
OKEx has not announced a date for the start of DOT withdrawals and deposits. Nevertheless, the exchange promised that They will be introduced in the not too distant future together with other DOT trading pairs.
Bring interoperability to the blockchain
The announcement explains that Polkadot is the first project of the Web3 Foundation. based in Switzerland, and aims to “connect private blockchains to consortium blockchains, public networks and without permission, oracles, and even future technologies that have not yet been created.” The CEO of OKEx, Jay Hao, explained that This system is very important in the ecosystem:
“One of the biggest blockchain problems remains interoperability, and Polkadot will play a key role in enabling all types of blockchains to communicate, handle and exchange data. Because Polkadot enables the transfer of cross-block data, all types of data, not just tokens play an important role in the crypto ecosystem that is preparing for the next website. “
Hao also said that while he doesn’t expect us to switch to a decentralized website overnight, he believes that “we’ll see more and more decentralized applications.” He also hopes that Cryptocurrencies will play an important role in this future Internet. He explained:
“As societies move away from cash and assets from the real world and eventually stocks like gold, real estate, etc. are added to the blockchain, crypto is increasingly being used as a simple way to transfer value to any device. Other projects like Polkadot will do the same enable all types of data to be transmitted securely and with confidence and to significantly overcome the current bureaucracy with which we live today. “