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Ethereum and Solana are respected blockchains but Polkadot (DOT) beats them in one thing, it's a layer zero platform while the others are layer ones. This means it sits at the core of other decentralized protocols. Polkadot’s (DOT) position among blockchains allows it to have a real impact on the physical world. In the same way, Option2Trade or O2T is towering over other exchanges due to its elaborate token pre-sale schedule and an expanded list of offerings allowing for a balanced portfolio.
Below we look at what is Polkadot (DOT), how it’s revolutionizing the real world, and how Option2Trade (O2T) is following in Polkadot’s (DOT) footsteps to revolutionize token pre-sales and trading, forex, CFDs, and Bitcoin and other altcoins trading in a licensed environment where no KYC (know your customer) isn’t a hindrance..
What is Polkadot?
Simply put, Polkadot (DOT) is a layer zero blockchain that powers other blockchains. Networks built on top of the layer 0 are called parachains. Parachains allow interaction between users on different parachains in a way that may or may not involve virtual currencies.
Co-founded by Gavin Wood, who is also associated with Ethereum’s foundation, Polkadot (DOT) works towards enabling communication between blockchains, something that was unheard of in the early days of Bitcoin and Ethereum due to their isolated nature.
Polkadot (DOT) achieves this in three ways. First, it’s scalable. That is, it can handle an enormous traffic of transactions without facing the bottlenecks experienced in other networks like Bitcoin and Ethereum where a high number of transactions causes congestion and high transaction fees.
Second, parachains are independent. Although the network allows users to freely move value across different chains, these chains operate independently of each other.
Thirdly, it’s natively a proof of stake (PoS) system. While blockchains like Ethereum recently switched from being proof of work (PoW) platforms to PoS networks, Polkadot (DOT) has natively been a PoS system which not only increases scalability but it’s also friendlier to the environment.
How Does Polkadot Work?
With multiple chains, how does the protocol manage interaction between different blockchains or parachains?
The layer zero blockchain is structured in a way that a relay chain fuses all parts of the vast Polkadot (DOT)ecosystem. The relay mechanism serves only as a communication backbone and defines the ecosystem’s security and how the network reaches consensus.
Developers can then build their chains to power different applications on top of the relay chain. With the relay chain only providing the basic rules of engagement, parachain creators have enough legroom to tune their creations to specific functions like decentralized finance (DeFi) without worrying about critical issues like security they are already taken care of by the relay chain.
At the core of Polkadot’s (DOT) operations is the network’s native token known as DOT. Holding the native token gives investors a chance to participate in the blockchain’s governance, transaction validation through staking, and paying transaction fees. DOT can be traded on various reputable trading platforms like Option2Trade (O2T). The token is also supported by major hot and cold/hardware crypto wallets.
Duties of Validators, Nominators, Collators, and Fishermen on Polkadot
Transaction validation on Polkadot (DOT) involves four parties, validators, nominators, collators, and fishermen. Validators are the actual entities running nodes on the network while nominators delegate their power to validators by staking their DOT tokens with their preferred validator.
Collators are responsible for transactions going to validators on the relay chain while Fishermen ‘fish’ for ‘bad-mannered’ entities on the network.
Polkadot’s (DOT) sophisticated, yet simple, operation resembles that of Option2Trade (O2T) simply known in the web3 and DeFi space as O2T.
What is Option2Trade?
Before looking at the Option2Trade (O2T) pre-sale that has taken the crypto space by surprise, let’s look into what O2T is and what makes it, just like Polkadot (DOT), unique.
Option2Trade (O2T) is a trading platform without jurisdiction barriers, meaning it's accessible across the globe. The platform accommodates all traders across the forex, crypto, stocks, indices, and commodities.
Unlike other similar exchanges, the platform incorporates the best of artificial intelligence (AI), web3 and social finance (Social-fi) trading to curate algorithms that give traders an edge over other platforms.
The trading platform is enhancing users' experience with the launch of a native token, O2T, to tap into cryptocurrencies' transformative nature while also boosting their usage across different markets, allowing users to diversify their portfolios.
What Does O2T Token Do?
Just like Polkadot’s DOT token:
- O2T token offers its holders a chair at the Option2Trade (O2T) governing table.
- It increases the exchange’s liquidity enabling scalpers to conveniently open and close traders.
- It provides a way for Option2Trade (O2T) to share its revenues with liquidity providers on the platform.
- It lays the ground for experienced traders to earn more by being incentivized to allow novice traders to copy their trading secrets.
- Holders get early access to new features and products.
- Can be used as a way to reward entities providing crucial information on the platform such as market analysis.
The O2T Token Pre-sale
Option2Trade (O2T) has carefully allocated the tokens to different sectors like marketing, trading/gaming, partnerships/team, liquidity, and presale. The reason why the pre-sale is quickly gaining momentum is because, of the different categories, the pre-sale phase has the largest share at 50% of the 624,888,777 maximum supply. Liquidity comes at a close second with a 21% allocation. Less than 10%, 7% to be precise, remains with the team.
The pre-sale and liquidity phases having the largest allocations shows that the team is committed to decentralization and letting the community have strong decision-making powers. Option2Trade (O2T) makes it even simpler by accommodating investors using either Bitcoin, altcoins or credit/debit card.
To avoid speculative involvement in the project, the tokens have a vesting period of one year, implying that developers and the community will be fully committed to the platform.
Conclusion
Back to Polkadot (DOT) and Option2Trading. As Polkadot (DOT) strives to open up the siloed blockchain world, Option2Trade (O2T) is working to give traders and investors an option to diversify their portfolios through AI algorithms, web3 and social trading. The trading platform’s carefully crafted pre-sale token allocation takes a less-popular but community-centric approach, an indication that the platform is keen on letting its community take the wheel in running the exchange.
For more information on the Option2Trade (O2T) Presale:
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Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.