About 5 years after the vision of a heterogeneous multichain framework was first outlined in the Polkadot Whitepaper, parachains are now ready to launch on Polkadot. Motion 118, to schedule the first auctions, has passed council & now gone to public referendum.

Gavin Wood expressed:  The Polkadot treasury currently has 18,936,300 DOT (DOT, not USD – do the math) in it ready to spend on *your* ideas for building, improving, educating and indeed, anything else that the Polkadot governance believes valuable.

Community response:  Maths is easy. Question is: where are those DOTs coming from? Deposits by users? Collected via fees? Loaned to the treasury? Minted? It’s an honest question and would love to have a good answer (forgive me as I didn’t do my own research on this question yet).

The DOT in the treasury comes as a natural part of the network protocol. Fees, slashes and suboptimal staking configurations are all contributing factors. If it goes unused, it slowly gets burned. It currently burns 239,988 DOT every month.

I’m not a crypto expert, but if the total DOT supply is 10,000,000, how does DOT Treasury have 19,000,000? Supply is 1bn (uncapped max).

$200 DOT by EOY for sure there’s nothing else in the space the compares to what is happening on DOT it would not surprise me if it even flipped Ethereum.

$200 is completely unrealistic. It had a small pump and will probably retrace as the news gets old.

DOT was not created for traders, but for idea of decentralized world where governance could change the rate of inflation if required.

No doubt. Time to invest. With Polkadot you don’t speculate, you invest money. One of the strongest projects.  Been sitting waiting and knowing this Layer 0 protocol is going to Boom.

Anyone having trouble unbonding Dot that is staked with a Ledger?  I was using my ledger thorough Polka dot substrate. I was not able unbond. I had to go and stop all active nominations and then I was able to unbond.

Parachain auctions are coming, 3 projects have already announced waitlists for their crowd loan campaigns.

You’re obviously missing something, Polkadot is layer 0 chain, not an app on other blockchain. Time to buy DOT before it’s too expensive.

It’s just hard for me to essentially gamble on hoping the community sees the value of what I can provide. Especially $4,000+. I’m no developer, but I’m on boarding as many as I can through my own group, meetups, etc. I truly believe Polkadot can bring the positive change.