DOCK Price

Dock (DOCK) is a cryptocurrency and blockchain platform focused on decentralized identity and data management. You can use Dock to create, manage, and verify digital credentials and identities securely. Its blockchain provides a scalable and low-cost solution for organizations to build decentralized identity applications, ensuring privacy and control over personal data.

The native token, DOCK, is essential for transactions, governance, and staking within the ecosystem. Users can earn rewards by staking DOCK tokens and participating in network operations. The platform prioritizes interoperability, allowing it to work with various blockchain technologies.

Dock's emphasis on eco-friendly Proof of Stake (PoS) consensus aligns with sustainability goals, using significantly less energy than traditional Proof of Work (PoW) systems.

Dock is designed to work seamlessly with various blockchain technologies and applications, enhancing its versatility in the digital identity space. Dock allows you to create unique digital identities called DIDs. These are stored on the Dock blockchain and are used to verify your credentials securely.

Organizations can issue digital credentials (like degrees or certificates) which are cryptographically signed. These credentials can be verified by others to ensure authenticity without the risk of tampering.

Dock uses a Substrate-based blockchain, which is scalable, secure, and low-cost. It supports the creation and verification of DIDs and credentials, ensuring data privacy and integrity.

Dock operates on a Nominated Proof of Stake consensus mechanism. Validators and nominators help maintain the network's security and earn rewards in DOCK tokens for their participation.

You have full control over your data. You can decide what information to share and with whom, ensuring your privacy is maintained. Dock provides a comprehensive solution for managing digital identities, making it easier to issue, verify, and manage credentials securely and efficiently.

Dock’s blockchain-based decentralized identity platform was founded in 2017 by Nick Lambert and Elina Cadouri. Dock launched its mainnet in September 2020.

Dock Roadmap

• 2020: Mainnet launch and initial token migration from Ethereum to Dock’s blockchain.
• 2021: Introduction of features like Dock Wallet, Verifiable Credentials API, and Proof of Stake consensus.
• 2022: Expanded capabilities with Dock Certs, a no-code platform for issuing credentials, Ethereum bridge development, and enhancements in wallet functionalities and credential management.
• Future Goals: Enhancing interoperability, expanding ecosystem partnerships, and continuous improvements in credential security and privacy features.

The DOCK token is essential for various operations within the Dock network. Here's what you can use it for:

1. Transactions: Use DOCK tokens to perform transactions on the Dock blockchain, such as creating and managing decentralized identifiers (DIDs), updating keys, and managing revocation registries. Each operation on the blockchain incurs a fee paid in DOCK tokens.
2. Governance: Participate in the governance of the Dock network by using DOCK tokens to vote on proposals and decisions that shape the platform’s future. Token holders can submit and vote on changes, ensuring the network evolves in a decentralized manner.
3. Staking: Stake DOCK tokens to support network security and earn rewards. Validators and nominators who stake tokens help process and finalize blocks, maintaining the network’s integrity. They receive emission rewards in DOCK tokens for their contributions.
4. Trade DOCK on KuCoin: Trade $DOCK against other cryptos on the KuCoin Spot Market to make the most of changing market conditions and volatility. You can buy, sell, or HODL DOCK in your portfolio based on your investment goals and risk tolerance.

DOCK has a fixed total supply of 1 billion tokens. This fixed supply aims to create scarcity and preserve the token’s value.

Every year, up to 25% of the remaining DOCK token supply is released. This release is evenly distributed across epochs, which are 10-day periods. This method helps maintain a steady flow of tokens into the network and prevents market saturation.

Around 102 million DOCK tokens (10.2%) are allocated to the Dock Association Treasury to fund development, marketing, and operations. Another 105 million DOCK tokens (10.5%) are set aside for emission rewards. Validators and nominators receive these rewards for securing the network by validating blocks and processing transactions.