Details about OKX Staked DOT1 cryptocurrency
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OKX Staked DOT1 price charts
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OKX Staked DOT1, the crypto
OKX Staked DOT1 (OKDOT1) is a cryptocurrency that represents staked Polkadot (DOT) on the OKEx exchange. Users can trade OKDOT1 just like any other cryptocurrency and earn staking rewards in the process.
The point
The main point of OKX Staked DOT1 (OKDOT1) is to allow users to earn staking rewards for their Polkadot (DOT) holdings without having to go through the process of setting up a staking node themselves. OKEx handles the staking process and distributes rewards to OKDOT1 holders.
The problem
OKX Staked DOT1 (OKDOT1) tries to solve the problem of complexity and technical skills required to successfully stake Polkadot (DOT). Many users who hold Polkadot are not familiar with the technical aspects of staking, so OKEx offers a simplified solution that takes care of everything while still allowing users to earn staking rewards.
Compare OKDOT1 and BTC performance
| Timeframe | OKDOT1 | BTC |
|---|---|---|
| 1h change | 0 % | -0.0388385 % |
| 24h change | 0 % | 1.94471 % |
| 7 day change | 0 % | -4.90041 % |
| 14 day change | 0 % | 0.0963303 % |
| 30 day change | -1.02 % | -8.28444 % |
| 200 day change | -3.28 % | 133.804 % |
| Year change | 9.34 % | 126.289 % |