Surprise surprise, Polkadot is now available to buy and sell within your IRA at iTrustCapital! While we are working hard to bring you other assets and offerings, we thought this might be a nice surprise.
Who created Polkadot?
The story of Polkadot starts with Gavin Wood. He is arguably the most important creator of Ethereum, after Vitalik Buterin. Gavin Wood is the one who invented the Ethereum Solidity programming language and even wrote the first Ethereum software, Parity. Due to disagreements about the roadmap of Ethereum in 2017, Gavin Wood decided to venture on his own and build what would be an entirely new blockchain that would be seen as complementary to Ethereum. This new project was Polkadot.
What is Polkadot?
Polkadot is a next-generation blockchain designed for global scale and provides the ability to help make Web 3 mainstream. Polkadot is not only one of the first pure Proof of Stake blockchains, but it’s one of the first sharded blockchains as well. This helps provide robust decentralization and security, while allowing for thousands of transactions per second with incredibly low fees.
Many analysts agree that Polkadot feels very similar to the early days of Ethereum. Die hard entrepreneurs working together to build a next-generation money internet. At the time of writing, more than 358 teams, projects and companies have pledged to help build on or around the Polkadot ecosystem.
Polkadot in your retirement account
iTrustCapital is proud to announce support for Polkadot DOT, allowing our clients to get access to this next-generation digital asset within their IRA’s.
This article is for information purposes only. It does not constitute investment advice in any way. It does not constitute an offer to sell or a solicitation of an offer to buy or sell any cryptocurrency or security or to participate in any investment strategy.
iTrustCapital is a cryptocurrency IRA software platform. It is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. iTrustCapital is not affiliated with and does not endorse any particular cryptocurrency, precious metal, or investment strategy.
Cryptocurrencies are a speculative investment with risk of loss. Precious metals are a speculative investment with risk of loss. Cryptocurrency is not legal tender backed by the United States government, nor is it subject to Federal Deposit Insurance Corporation (“FDIC”) insurance or protections. Clients do not receive a choice of custody partner. The self-directed purchase and sale of cryptocurrency through a cryptocurrency IRA have not been endorsed by the IRS or any regulatory agency. Historical performance is no guarantee of future results.
Some taxes and conditions may apply depending on the type of IRA account. Investors assume the risk of all purchase and sale decisions. iTrustCapital makes no guarantee or representation regarding investors’ ability to profit from any transaction or the tax implications of any transaction. iTrustCapital does not provide legal, investment or tax advice. Consult a qualified legal, investment, or tax professional.
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