$WNOW Reward Program

Earn DOT Rewards On The Octaplex Network

Polkadot is a revolutionary blockchain protocol that brings multiple blockchains together for a smooth operation and aims to become an interconnected “internet of blockchains”. Allowing any form of data to be transferred between different blockchains, there is opportunity for a variety of use-cases. It was a given that Octaplex would list this giant – amassing over $50 billion in market cap since inception – users can now earn $DOT rewards through holding the $PLX token.

Polkadot – DOT

Having launched in August 2020, Polkadot has solidified its position as one of the most innovative projects, which is reflected in their rise to top 10 ranking cryptos in just over 12 months. Polkadot brings in several specialized blockchains in order to offer a simplified way of accessing DeFi marketplaces.

How Polkadot Can Benefit Every Blockchain

Polkadot’s main benefit to the crypto industry is to create a network by connecting multiple solidified blockchains that have demonstrated promise, in different areas of expertise like finance, web decentralization, asset management, and governance. Sharing of data between independent chains is currently limited and Polkadot aims to become the bridge between the many differing networks and chains that are currently available.

Polkadot’s network boasts several features that can benefit multi-blockchain involvement, which include scalability, upgradeability, heterogeneous sharding, transparent governance, and cross-chain composability.

DOT – Polkadot’s Native Utility Token

The DOT token contains three use cases:

  1. Governance: DOT token holders – Relay Chain participants – have complete control over the blockchain protocol. Privileges including event managing and protocol updates/fixes.
  2. Staking: Token holders are incentivized to behave honestly using game theory. They are rewarded by this system through good acting, but bad acting will result in stake loss. This way, the network is secure.
  3. Bonding: Bonding tokens represent each parachain that is added to the ecosystem, which is a proof of stake. Any chain that renders useless, outdated, or not receiving regular updates will be removed through the removal of bonded tokens.

How to Earn DOT with Octaplex Network

Users simply need to have the Octaplex native token $PLX in their wallet to be eligible for rewards on the crypto rewards app. DOT will be added to the rewards coin list so users can passively earn DOT as part of their portfolio on the Octaplex Network. Due to DOT’s popularity and rising to a top ranking cryptocurrency in a short time, and with the use-cases available, it was beneficial for Octaplex to enable this as a reward option to holders of the $PLX token. DOT is now available and can now be added as one of the 6 reward options within the Octaplex Network rewards dApp.