Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-05-23 20:30:12

Polkadot is the Best Option for Claiming Dots In Coinbase – Why?

The Web3 Foundation and Coinbase Custody are two of the world’s largest and most trusted cryptocurrency asset custodians. They have an existing partnership to provide a custody solution for the Polkadot blockchain. Polkadot is a highly scalable shared network. The first protocol aims to provide a secure environment where multiple protocols and applications coexist across chains. The Web3 Foundation is also launching a website (claims.polkadot.network) that explains how customers can claim their dots. Polkadot dot allocation indicator tokens sales were during the pre-launch phase. These tokens now can link their Ethereum-based allocations to their native Polkadot addresses. In addition, the claims process ensures that dot allocations are recorded in the Polkadot genesis block. Clients of Coinbase Custody will receive Polkadot addresses through this process. With this, they can claim their dots directly. “Polkadot is one of the most intriguing cryptocurrency projects currently in development. Interoperability and scaling are two of the most pressing issues confronting blockchain-based platforms today. We’re excited to collaborate with Polkadot and the Web3 Foundation to provide dot token holders with the most secure and effective tools for managing and staking their tokens, “Sam McIngvale, CEO of Coinbase Custody, stated. People who own dot tokens can also earn rewards through Coinbase Custody’s Staking feature. “Polkadot genesi...

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer