“Blockchain of Blockchains”, the multichain network of Polkadot.
It’s been gaining popularity since 2020 and its whole ecosystem has grown heavily.
Use Polkadot token DOT for gambling on trustworthy crypto casinos.
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Polkadot is a decentralized blockchain with first token sale in 2017. It’s the multichain solution with protocol created by Ethereum co-founder Gavin Wood.
The network uses environmental-friendly proof of stake consensus algorithm.
Polkadot network has been launched in 2020 and its price went up steadily. DOT went above previous all-time-high values recently and the price sits at around $53 per token with market capitalization of $55 billion*.
*Price and mcap snapshot was taken on Nov. 8 at Coingecko.
DOT is Polkadot native token serving several purposes:
Governance – Polkadot token holders have complete control over the protocol
Staking – Stakers are rewarded for validating transactions
Bonding – Adding and updating parachains
The only deposit fee you might have to pay is when you’re sending funds from your wallet/exchange account. The transaction costs has to be covered by someone, so choose these blockchain with low transaction costs.
On the other hand, casino will like be charging you for cashing out your crypto – again, these are blockchain fees. Be cautions if casino demands excessive withdrawal fees and try to find another casino with better terms.
Polkadot transaction fees are reasonable and it’s one of the better choices for crypto gambling (where frequent transactions may occur).
We provide a table with DOT withdrawal fees:
| Casino | Withdrawal Fee |
|---|---|
| Bc.Game | 0.05 DOT (~$2.5) |
| Wolf.bet | 0.04 DOT- |
At the moment, Wolf.bet is the only crypto sportsbook accepting DOT for placing sport bets. It does cover several sports:
If you’re interested in sportsbetting with other cryptocurrencies, explore the list of the best crypto sportsbooks
Both of crypto casinos accepting Polkadot also offer a dice game.
They operate dice game with same house edge, so you have to decide where you’ll go by offered bonuses and VIP program.
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