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Tag Archives: DOT
Dotcoin or DOT, also known as KimDotCoin, is a cryptocurrency that was introduced by Cryptopia in March 2014. Like the other cryptocurrencies, it uses peer-to-peer technology to run with no central authority. DOT manages transactions and distributes funds through its own network. Since it is a scrypt-based cryptocoin, the coins can be generated with the same equipment used in mining Litecoin and Dogecoin. At this time, there are 248.3 million DOT coins in circulation, but in the future there will be a total of 890 million DOTcoins available. This is, in fact, a relatively low amount of coins compared with the other cryptocurrencies like Dogecoin, which currently has a whopping 101 billion available coins. Miners are rewarded with 500 DOTcoins for every block and the Dotcoin Network creates one block every two minutes, producing 360,000 new coins each day. Based on the comparatively low amount of total DOTcoins and the slow paced DOT mining process, this cryptocoin will most likely increase substantially in terms of price.
Where You Can Buy DotCoins
If you already have Bitcoin funds, you can actually use them to buy DOT coins, a cryptocurrency exchange site and a mining platform located in New Zealand. A hundred thousand DOTcoins cost 0.021 Bitcoins and a million DOTcoins can be bought for 0.21 Bitcoins. In addition, you can purchase DOTcoins with other cryptocurrencies like Litecoin, Feathercoin, Dogecoin, Unobtanium and Popularcoin.
It is evident that DOT is still quite new to the world of cryptocurrency, for it is very inexpensive to buy a lot of it. Therefore, this is the perfect time to mine and purchase these promising coins before DOT is even added to the major cryptocurrency exchanges.
DOTCoin in Casino
Even though DOTCoin was only recently developed, it has been well known by cryptocoin owners as well as online casino players. This cryptocurrency can be used in online gambling sites like Lotwin casino, one of the highest paying and most enjoyable casino on the Internet. This attractive gaming site has a lot of entertaining casino games and different modern video slots. At first glance, it might look plain and very simple, but this casino is actually packed with excellent features that will definitely make players worldwide keep betting round the clock.