What to do with your Polkadot tokens while waiting for DOT to reach $1000?

I am kind of kidding, but to be honest, if Ethereum could go from $100 in March 2020 to $4000 in May 2021, then why shouldn't Polkadot be able to move from $25 right now to $1000 sometime into the future?

But, while waiting for Polkadot to explode, what should you do with your tokens? Well, in general, I would recommend that you let them work for you, and one of the best ways to make that happen is by sending them to the cryptocurrency exchange Kraken!

Polkadot on Kraken - 12% interest

On Kraken, you will receive a 12% annual interest on your Polkadot tokens. In other words, if you have 100 tokens and stake them, you will receive 12 tokens in addition in a year. That is a nice interest! You can also decide to automatically stake whatever tokens you earn as a staking reward, and thus, it will increase even faster. This is a great option and one I have been using myself!

polkadot staking on kraken.jpg
Polkadot staking on Kraken with payouts of rewards twice a week.

Send your DOT tokens to Binance and add them to the ATA Launchpad

Normally I keep my Polkadot tokens on Kraken, but today Binance launched a new Launchpad project for ATA (A decentralized service protocol that provides a privacy middleware layer for dApps). For 30 days you can stake your Polkadot tokens and receive ATA as a reward. It is still impossible to know how much the ATA tokens you are rewarded with will be worth, but normally the APY is around 10%, sometimes higher, sometimes lower.

ata launchpool.jpg
You can earn ATA rewards with your Polkadot tokens for 30-days from today!

But, this is a cool thing, and in seven days, ATA will be made available for trading on Binance, meaning that you can start to sell your ATA tokens and get a nice profit at once (and possibly buy even more Polkadot tokens).


These are just two suggestions that are way more profitable than just leaving your Polkadot in your trading wallet on some random exchange, or just storing them elsewhere!

Take care, and let us get rich together!

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