What is Polka.Domain (NAME) | What is Polka Domain (NAME) | What is NAME token

In this article, we’ll discuss information about the Polka.Domain project and NAME token

Polka.Domain is an interoperable and decentralized blockchain naming service with an integrated domain and NFT marketplace built on Polkadot.

Features summary

• Decentralized domain name service built on Polkadot. Exchange, transfer, and auction domains
• Domains as NFTs
• Hexadecimal wallet addresses converted into domain names, users can make on-chain transactions with domains
• Cross-chain interoperability provided by Polkadot
• Domain & NFT marketplace

Project flowchart

Current status of the project

We have deployed our testnet! You can participate and test here**.

In the beginning, Polka.Domain will be using its own EVM compatible smart contracts in our own empowerment for development and testing. The deployment timeframe on mainnet depends on Polkadot development progress as Polka.Domain is planning to have its own chain.

Polka.Domain’s NAME token

The NAME token serves as a utility token facilitating payments and governance inside the Polka.Domain ecosystem. A detailed flowchart of the Polka.Domain ecosystem and token mechanics can be found below:

Token Mechanics Summary:

• NAME token can be obtained by Domain Mining which will be explained in detail in the upcoming days
• Domain registration fees will be paid in NAME, renewal fees will be paid in NAME.
• Domain auctions
• Domain exchange fees
• NFT and domain name marketplace fees will be taken in NAME
• NAME staking: Stakers with larger amounts of NAME staked for longer periods of time get access to exclusive domain names first.
• Governance

Token Metrics Summary:

Maximum supply: 10,000,000 NAME

Total amount to raise: $450,000

Initial market-cap on launch: $150,000

Strategic Round: **$400,000 **to be raised

Public Round: $50,000 to be raised. More information on Public Round will be published in the upcoming days.

Token distribution is as follows:

Polka.Domain is excited to announce the details of our NAME token airdrop.

Summary 🦄

• Registration date: April 11th — April 15th
• 200,000 NAME tokens to be airdropped
• Distribution: 25% to [.eth] ENS owners and 75% to randomly selected participants
• 👉🏽 Follow and complete all the steps below to participate
• Airdrop participants will receive tokens on April 17th after NAME has listed on Uniswap
• Public sale details will be announced soon!

Steps to register for NAME airdrop ✨

1. Join Polka.Domain’s Telegram Chat:  https://t.me/Polkadomainchat and Telegram Announcement Channel:  https://t.me/PolkaDomain
2. Follow Polka.Domain on Twitter:  https://twitter.com/polkadomain
3. Create a Tweet with this Medium link and use “$NAME” in the Tweet
4. Fill out this Google form 👉🏽  https://forms.gle/Rnpit4dia1W3eS2e8

How and Where to Buy Polka.Domain (NAME)?

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

After the deposit is confirmed you may then purchase NAME from the: Website : https://polkadomain.org

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once NAME gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
 ☞ https://www.bittrex.com
 ☞ https://www.poloniex.com
 ☞ https://www.bitfinex.com
 ☞ https://www.huobi.com

Find more information NAME

☞ Website ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

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