Details about Binance Wrapped DOT cryptocurrency
Binance Wrapped DOT
BDOT
Unknown for now
€329,269
230,000
0
Unknown
https://polkadot.network/
@BinanceChain
Binance Wrapped DOT price charts
BDOT exchanges
Binance Wrapped DOT, the crypto
Binance Wrapped DOT (BDOT) is a cryptocurrency token that represents the Polkadot (DOT) cryptocurrency on the Binance Smart Chain (BSC). Essentially, BDOT is a cross-chain bridge between Polkadot and Binance Smart Chain, allowing users to transact between the two chains seamlessly.
The point
The main point of Binance Wrapped DOT (BDOT) is to provide users with a way to utilize their Polkadot (DOT) tokens on the Binance Smart Chain (BSC). By wrapping DOT tokens in BDOT, users can take advantage of the fast and low-cost transactions on BSC while still holding their DOT tokens.
The problem
One problem that Binance Wrapped DOT (BDOT) solves is the lack of interoperability between different blockchain networks. By expanding the utility of Polkadot (DOT) tokens to Binance Smart Chain (BSC), users can easily access services and decentralized applications (dApps) that operate on either network without going through complicated cross-chain processes.
Compare BDOT and BTC performance
| Timeframe | BDOT | BTC |
|---|---|---|
| 1h change | 0 % | -0.125138 % |
| 24h change | 0 % | 0.547531 % |
| 7 day change | 0 % | 0.799047 % |
| 14 day change | 0 % | -8.06332 % |
| 30 day change | 0.53 % | -7.21923 % |
| 200 day change | -5.16 % | 127.49 % |
| Year change | 6.97 % | 133.811 % |