Polkadot is a cutting-edge blockchain platform designed to offer a more scalable, interoperable, and secure infrastructure for decentralized applications. Created by Gavin Wood, a co-founder of Ethereum, Polkadot utilizes a unique multi-chain architecture that enables the creation of specialized "parachains" that can communicate with each other and other blockchains. This allows developers to build applications that can leverage the strengths of different blockchains and interact seamlessly. The platform's native token, DOT, is used for governance, staking, and transaction fees. With its innovative technology and strong community support, Polkadot is poised to become a major player in the blockchain industry.

Instrument specification in OANDA

Minimum order value 5.000
Description Financial Instrument which price is based on contract for exchange rate of POLKADOT to US dollar quoted on the cryptocurrency exchanges
Maximum order value 1000.000
Transaction Step 5.000
Type Cryptocurrency
Trading Hours sunday-thursday 00:00-23:00, 23:05-24:00;friday 00:00-22:00;saturday 09:00-23:00, 23:05-24:00
Contract size / 1 lot Price of 1 POLKADOT * 1 USD
Deposit required 50%
Value of 1 pip 0.00010
Financial leverage 2:1
Minimal step 0.00010
Long swap (daily) -0.09792%
Short sale YES
Short swap (daily) -0.06953%
Distance SL and TP 0
3-day swap (date) 5

Historical spreads chart DOTUSD

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