Bringing in innovative ideas unknown to all other cryptocurrencies, Polkadot saw an exceptional opening year and is expected to keep the fast pace. With that being the case, we are going to take a look at one of the exceptional projects that they have put in place to dominate the blockchain industry.
Although comparatively few, quite a number of Polkadot casinos have popped up and remain in operation to this moment. Being a real money token system itself, it was only a matter of time before the fast-growing gambling community caught up. Now that they seem to indeed be catching up, the attention of many, gamblers and non-gamblers alike, was taken to see what exactly this new line of casinos has to offer.
Aspiring players will be glad to know that these Polkadot websites, just like most other gambling sites, have taken most, if not all, steps to ensure that gamblers get to have the best online experience. However, being crypto sites, it is only inevitable that many of these measures are cut short by the principles on which the digital currency operates. The cryptocurrency is upgradable and the whole protocol is governed by the authorities within the DOT. The security features are top-notch and they are there to assist the gambling online with much-needed anonymity.
As for the exact locations where players can place bets in Polkadot, rest assured that this article looks into them, particularly the more notable ones. This review looks at the use of Polkadot as a currency in online gambling activities and the best Polkadot Casinos out there.
What is Polkadot?
Weirdly, the Polkadot protocol was created by the Ethereum co-founder, Gavin Wood. It allows diverse blockchains to transfer messages, including value, in a trust-free fashion; simultaneously sharing their unique features while pooling their security. In simple terms, Polkadot is a scalable, heterogeneous, multi-chain technology. Connecting to the network allows users to perform cross-blockchain operations.
As of December 2020, the new currency traded at 10% of the market value of Ethereum. This was a decent and promising feat for the platform, especially if we put into consideration the size of Ethereum and the relatively recent release of Polkadot. The platform is said to upgrade without hard forks to integrate new features or fix bugs, where these upgrades to the network are coordinated on-chain and enacted autonomously, ensuring that Polkadot’s rate of capital growth mirrors the values of the community and avoids operational standstill.
Is Polkadot good for gambling?
Realizing the many advantages of such a flexible, effective and secure network, many developers are seen abandoning their current currencies and taking on The Polkadot system. This has directly seen the rapid growth of the program. The unification of multiple specialized chains into one highly scalable, interconnected network allows any blockchain to reach its full potential for any real-world scenario in preparation for a new, decentralized economy. Kinds of projects, the value taken included, no longer compete with each other but now collectively co-operate under the Polkadot protocol. This effectively pushes more and more toward an ultimately decentralized world economy.
A decentralized economy is good for the gambling community as players from all around the world would be able to participate in large-scale gambling activities. If there is anything that makes casino games more rewarding, it is a large player pool.
Best Polkadot Casinos
After some extensive research, the following sites were deemed to be among the best Polkadot casinos at the moment:
As the name insinuates, this casino offers a collection of some striking, fantastic games. With a simple, playful interface, this platform offers some high-quality casino games, with the likes of Video Slots, Video Poker, and Table Games making an appearance. The bonus section holds some possibly lucrative bonuses to players placing real money bets. Such are the Executive Welcome Bonus, the No Deposit Bonus, and the VIP courtesy bonuses. The security and the customer support staff at the site guarantee exceptional service to all players with issues regarding the platform.
- Permits fast deposit and withdrawal services from DOT crypto.
- Weekly promotions in which players can collect points and gain levels to become VIP members, as well as receive match bonuses.
- Good game collection
- Generous bonuses
- Numerous regional restrictions
Unibet and its operators strive to give players an amazing experience online, by way of rewarding regular bonuses and offering numerous game options. The affordable credit range makes for a real opportunity where players can land some massive cash bonuses, boosted by the bonus matchups. The platform has no active player forum, but it does feature a customer support e-mail which is typically replied to within 24 hours. The interface is neatly organized and makes it easy for players to navigate through without any trouble.
- A welcome bonus of 100% up to $1,000, or DOT equivalent
- Responsive staff
- Affordable bet ranges
- Complicated payment methods
This simple platform makes for an interesting gambling experience. The platform is neatly categorized by games, offering Slots, Table Game and Poker. DOT tokens can be used on the site, with little or no transaction fees. This largely depends on the amount to be withdrawn. Accompanying the games are some profitable offers in bonuses. The site protects all player information with encryption programs that shroud data from third-party influence.
- A first Deposit bonus with 100% and up to $50, or DOT equivalent
- VIP Rewards and the Birthday reload bonus
- VIP membership perks
- Abundant bonuses
- Complicated bonus terms
Why should you choose a Polkadot casino?
An advantage of using Polkadot is the going community operation to make Polkadot a platform that is governed by the people, for the people. In the near future, Polkadot is expected to have accomplished a complete state of transparency, where users determine the rules for para-chains actions, number of slots, and basically experiment with any ideas which will come into their mind. This makes Polkadot a very flexible platform, capable of achieving great things.
As for actual DOT Casinos, site legitimacy should be the number one priority for all who which to wager in Polkadot Tokens. This legitimacy is seen to be prominent among the known casinos. This, combined with some High-quality game collections makes Polkadot casinos the desirable choice.
How to start playing
To start playing, an individual obviously needs a DOT wallet. The registration is normally straightforward and should take no more than ten minutes if done correctly. Proving an e-mail, username, password and preferred currency should normally grant access to the site. As for playing games and placing wagers, a casino account is created and the e-mail link confirmation should take only a minute. For legal reasons under the Responsible Gambling policy, players are also required to agree to the Terms and Conditions script and confirm their age to be above 18. It is recommended to read the script as it gives insight into how the platform operates and what to expect.
How to buy DOT
The token system is quite new so most exchange platforms might not feature it, but the larger ones most certainly do. These are the likes of Binance and Coinbase Pro. The token might also be experiencing growth, but without a solid market base like other cryptos. This is not a matter of concern given the constant rate at which the token generates high sales.
That said, the rest of the purchasing processes are the same as those for other currencies, where the user creates a platform account, selects the method of purchase, enters the calculation parameters, and confirms the purchase or trade.
Polkadot passed through its ICO on the 14th of October in 2017 when the price for 1 DOT was $28,80. With such a successful ICO, the project raised $145 million in the first round of sales. Today’s price is around $300 per DOT token, this will be divided by 100 during denomination. So the final price would be around $3 with DOT holders token amount multiplied by 100.
Are Polkadot casinos legit?
The platform has been quite fortunate in the aspect of reliability as it has not yet attracted any known large-scale attacks. The casino sites seem to be quite legitimate, taking all the necessary precautionary measures to be expected from money exchanging platforms. This, however, doe not eliminate the possibility of scam operations, it just means they are few when compared with the more prominent casinos and currencies. Very few indeed.
Questions to ask before choosing a Polkadot gambling site
Some things need to be taken into consideration before picking a gambling site and these are:
- The type of games available on the site
- The currencies permitted by the site
- The site’s bonus terms, if it has any bonuses.
- The type of casino and the strain it may or may not indict on one’s wallet
- The general ratings are given to the platform by other players
- If the platform is registered to any jurisdiction
- If the site permits players from your region to enter
- If your jurisdiction allows gambling activities
While Bitcoin, Litecoin, Ethereum, and other early entries revolutionized the world of digital currencies and faceless transactions, new players like Polkadot take that basis and look to revolutionize the word finance as a whole. DOT Tokens are highly regarded as the constructs that will bring blockchain to the 3.0 era. When that happens, world-ideology will change forever, an attractive flood of new investors and traders.
But as of the current moment, DOT makes for a great gambling token that will make its way into more platforms eventually.