![Polkadot [IOU] is now available for trading on Poloniex](/_next/image?url=https%3A%2F%2Fcdn.cryptohopper.com%2Fimages%2Fnews%2Fuploads%2F1597330205-polkadot-iou-is-now-available-for-trading-on-poloniex.jpeg&w=1920&q=75)
We’re taking a quick break from our regularly scheduled DeFi listings to announce support for trading Polkadot [IOU] (DOT) on Poloniex! Starting now, you can post limit orders for DOT/USDT. Full trading for DOT will be enabled shortly.
With our Polkadot [IOU] listing, we have already performed the 100x split that will occur when Polkadot mainnet launches. This means that customers will have 100x more DOT tokens but they will be worth 100x less than the current DOT IOU tokens out in the market today. Read more about the 100x DOT split on the Polkadot website.
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**What is Polkadot [IOU]?
**Currently on Poloniex, DOT represents Polkadot [IOU] which is a tradable IOU token that entitles the users who hold DOT at a specified time in the future to receive mainnet DOT once we list this asset. DOT tokens on Poloniex will be temporarily locked up following our DOT mainnet listing, coming later this year. Once the tokens are unlocked, we will take a snapshot of all DOT balances and distribute Polkadot (DOT) to customers at a 1:1 ratio. Learn more about DOT on our Help Center.
**What is Polkadot?
**Polkadot aims to enable a completely decentralized web where they put their users in control. Polkadot is being built to connect private and consortium chains, public and permissionless networks, oracles, and they aim to support future technologies that have not yet been created. Polkadot hopes to facilitate an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain while enabling users to create and connect decentralized applications, services, and institutions. Learn more about Polkadot on their website
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was originally published in The Poloniex blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
