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Coinbase Custody adds support for Polkadot’s DOT token

Coinbase Custody adds support for Polkadot’s DOT token

Coinbase Custody, cryptocurrency trade Coinbase’s custody subsidiary, is including support for blockchain protocol Polkadot’s DOT tokens. 

The custodial service and Polkadot’s managing companion, the Web3 Foundation, are partnering as much as permit buyers who’ve been allotted the DOT tokens to say them instantly with their Coinbase Custody accounts, per a Web3 Foundation announcement. 

The claiming course of has already been launched together with the discharge of a devoted web site that gives info on different strategies for DOT holders to say their tokens. 

Polkadot first performed a token sale in 2017, issuing 5 million DOTs within the type of SAFTs – Simple Agreement for Futures Tokens, which provides buyers the rights to the tokens as soon as the protocol goes reside.

In June 2019, Web3 Foundation additionally closed one other non-public token sale, distributing 500,000 DOTs. 

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