If Ethereum represents the most complete underlying structure at the moment, then Polkadot carries the future imagination of the blockchain industry. The Polkadot ecology tries to solve the interaction between chains and the connection between the chain and the world under the chain, as the infrastructure of a more ambitious web3.0 vision and to participate in web3.0.

With the release of the mainnet, Polkadot's native token DOT has become the top ten cryptocurrencies by market capitalization in less than two weeks. According to Feixiaohao, Polkadot currently ranks fourth, with a market value of over US$100 billion, surpassing Ripple. In particular, Polkadot has risen by more than 100% in the past week, driving concepts to rise across the board.

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Polkadot has a grand layout and is no easy task

On the underlying architecture, Polkadot has brought great innovation to the industry, ushering in a new era in terms of scalability, interoperability, and security. Polkadot helps developers build technology with its flexible and adaptive architecture Substrate, in this way, developers can start building next-generation applications and use cross-chain data. From the perspective of the team, the Polkadot team is extremely good. The creator of the Ethereum Yellow Paper is at the top level, and is also the most capable of challenging Ethereum!

In addition, the Web3 Foundation has set up special grants to support the development of ecological projects. In addition, it is technically friendly to developers. Before the cross-chain and parachains have officially landed, there are more than 300 ecological projects based on Polkadot. Substrate research and development of the underlying technology framework, want to seize the opportunity to access the Polkadot mainnet.

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Card Slot Auction Returns to EOS Super Node Campaign?

In addition, the popular auction of Polkadot parachain slots now reminds people of the EOS super node election where the demons danced wildly. Almost all the institutions in the currency circle have announced to join the node election in order to catch the heat. But EOS can be said to be unfortunate. The project was launched at the beginning of the 18-year bear market, and it gradually fell from the altar without even surviving a complete bull-bear. Obviously, EOS is much better.

Compared with the current Polkadot and EOS in early 2018, the K-line moves are very similar. Just like EOS supernodes need to lock EOS, parachain slot auctions need to pledge DOT, we can regard the 1-2 months before the auction as the "pledge market". According to PolkaWorld’s forecast, the auction of Kusama slot will probably be in March this year, and the auction of Polkadot slot may be around April, so the current increase in DOT is obviously event-driven.

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Polkadot unlocked, rising instead of falling

First of all, we analyze from the unlocking mechanism of Polkadot itself. The total amount of DOT is 1 billion, and more than 900 million have been in circulation, and only a small part has not been released. On January 19, Polkadot unlocked 34.208 million tokens, accounting for 3.2% of the total. At that time, it was speculated whether the market could bear the selling pressure. Check back two days later, the market has succeeded! Although the price has dropped by nearly 10%, it has stabilized at around $17 after last night's rise.

But in fact, one point may be forgotten, and it is also an important point, that is, private equity financing. The unlocked share on January 19 comes from the 2020 private placement round of financing. The investor cost is 1.25 USD/DOT (after splitting). In addition to the 300 million DOTs held by the Web3 Foundation, another 116 million DOTs will be used for future financing and flow into the market. Polkadot's attitude holds great promise.

In addition, this may be closely related to parachain auctions. From the perspective of the overall market situation, Polkadot still has a lot of vitality. From the current point of view, there is still a big gap with the speculated market boom. Previous industry insiders speculated that the auction of Kusama parachain slots will probably take place in March this year, and the auction of Polkadot slots may be around April. There are still 2-3 months before the arrival of this bright moment, and the market is already ready to move. The prices of DOT and KSM have repeatedly hit new highs, which is evident.

The project is advancing, funds are being allocated, and the secondary market is in turmoil. Whether it is the Polkadot project itself, or the project parties participating in the parachain auction, as well as the marginal layout and participants of the ecology, they are all preparing for the "parachain slot auction" This feast gathers strength, waiting for the arrival of the highlight moment.

As the most important event in 2021, the progress of the Polkadot parachain has entered the warm-up stage. What will happen in the future, and whether it can surpass Ethereum to become the first public chain, time will tell us the answer.