Gavin Wood noted that 18.9 million DOTs will be used to implement various ideas instead of being destroyed
Polkadot founder Gavin Wood has allocated 18.9 million DOT ($ 774 million at the exchange rate on October 19) for the development of the project. According to Wood, the funds will be spent on the implementation of the ideas of the community to create, improve, train and anything that the project management considers valuable.
The DOT token is ranked eighth in the list of the largest in terms of capitalization. Its price is $ 41, over the past three months altcoin has risen in price by 215%. The asset is approaching its all-time high of $ 47, which was set in mid-May.
Earlier, trader Michael van de Poppe predicted a rise in the price of Polkadot to $ 100. According to the expert, more than a twofold rise in the price of the cryptocurrency from the current levels will occur if the token manages to stay above the support level around $ 38.