Blockchain Protocol Polkadot Sells 500,000 of Its Tokens, Price Still Unspecified

Blockchain Protocol Polkadot Sells 500,000 of Its Tokens, Price Still Unspecified 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Blockchain interoperability protocol Polkadot has distributed 500,000 DOT tokens at a price that is unknown, but purportedly in keeping with the firm’s $1.2 billion valuation, technology-focused news outlet The Block reported on June 27. Polkadot’s managing partner Web3 Foundation (W3F) reportedly told The Block that the protocol distributed 500,000 of its tokens, although the company did not reveal the exact amount of funds raised. The Block notes, that during the recent round Polkadot purportedly sold 5% of the total token supply, which should theoretically bring $60 million to the protocol’s…