To support the redenomination plan, all DOT deposits made to Binance after block 1,205,128 will be multiplied by a coefficient of 100. Based on Polkadot’s first stakeholder vote, all DOT tokens will be redenominated by a factor of 100 at block 1,248,328, estimated to occur at 1 4:40 PM (UTC).

It was launched originally on the Ethereum blockchain but later migrated to the Binance Smart Chain, now called BNB Chain. Fees: for ferrying messages across parachains. Binance coin (BNB) is the exchange token of the Binance crypto exchange.Bonding: where new parachains are supported by bonding tokens.Staking: where the tokens are staked to ensure the network remains secure, as good validators are rewarded, and bad actors lose their stake.Governance: where participants can manage protocol updates and fixes.Polkadot uses DOT tokens for operating on its network.The Bridges are special blockchains that allow Parachains to connect to and communicate with external networks like Ethereum and Bitcoin.The Parachains are parallel chains that connect to the Relay chain and are maintained by their validators, called collators.All validators of Polkadot are staked on the Relay Chain. The Relay Chain is the central chain of the Polkadot network.Polkadot's infrastructure includes the Relay Chain, the Parachains, and the Bridges.Polkadot facilitates cross-chain communication and interoperability by connecting multiple blockchains into one unified network.

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