Investors
Polkadot
01
Introduction
Polkadot solves the main issues confronting the blockchain technology: scalability, interoperability, and governance. For good measure, it is also consumes minimal energy, thanks to the Proof of Stake consensus mechanism.
02
Investment rationale
Gavin Wood, the original CTO of Ethereum, created the Polkadot mission, taking the positive aspects of Ethereum and correcting its weaknesses. We believe that the market cap of Polkadot will surpass that of Ethereum in time, given Polkadot’s ability to capture much more value. Parity Technologies, the developer of the Polkadot code, has a proven track record of delivering cutting edge technology, which massively lowers the risk of tech delivery for an early stage project.
03
Price development
The public auction clearing price was approximately $0.33. In October 2018, the Web 3 Foundation privately sold several million dollars at a price of $0.70. In mid 2019, the Web3 Foundation conducted a larger private sale of 500.000 tokens at a reported price of $1.20, with some larger developers reportedly receiving undisclosed discounts. DOTs are currently widely listed and highly liquid.