Polkadot (DOT)
Unlock Schedule
Polkadot (DOT) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Polkadot (DOT) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence DOT price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
The DOT token has four main roles:
- Network fees: Pay fees for transactions and cross‑chain actions.
- Staking: Help secure the network via NPoS; nominators back validators with their DOT.
- Governance: Vote in OpenGov on protocol changes and treasury spending.
- Blockspace access: Acquire blockspace through Agile Coretime (replacing legacy parachain leases). (wiki.polkadot.network)
Supply and issuance: In November 2024, Polkadot shifted to a linear issuance model with a fixed annual expansion of 120 million DOT, of which 85% goes to stakers and 15% to the treasury. Because coretime revenue is burned (and the treasury can also burn), net inflation equals gross issuance minus these burns. This change replaced the earlier “constant percentage inflation” design. (wiki.polkadot.network)
Staking design: NPoS aims for robust security and decentralization. Rewards depend on total staked DOT and protocol parameters. Nomination pools make it simpler for smaller holders to participate. OpenGov allows staking participants to delegate governance votes or vote directly. (docs.polkadot.com)
Redenomination: In 2020 the community approved a simple unit redenomination so that 1 old DOT became 100 new DOT. This did not change proportional ownership; it only made balances easier to read. (en.wikipedia.org)
In practice, DOT tokenomics (Polkadot tokenomics) now tie the asset more closely to real network demand: when teams buy coretime to launch or scale a chain, their DOT outlay contributes to burns, which can reduce net issuance. This connection between usage and supply is a key 2.0 design goal. (wiki.polkadot.network)
Assumptions
- Genesis supply modeled as 1,000,000,000 DOT (post-redenomination), all becoming transferable on 2020-08-18.
Polkadot redenominated 10M old DOT to 1B new DOT on 2020-08-21; transfers were enabled on 2020-08-18.
- Pre‑Nov 2024 inflation modeled as constant 10% per year compounded over time.
Polkadot’s initial token model described constant annual inflation with NPoS determining reward distribution; exact month‑by‑month issuance fetched on‑chain would yield slightly different totals.
- Fixed issuance of 120,000,000 DOT/year applied from 2024-11-12 through 2026-03-14.
Runtime upgrade per OpenGov set fixed gross issuance; exact execution day in November 2024 approximated to 2024‑11‑12 for monthly modeling.
- Post‑2026 ‘Hard Pressure’ capped & stepped schedule implemented with 2‑year steps minting 13.14% of the remaining gap to 2.1B per step; steps after 2040 aggregated.
OpenGov Referendum 1710 executed; for tractability, we explicitly model steps through 2040 and aggregate the long tail while preserving total minted to the 2.1B cap.
- Total supply is capped at 2.1B DOT from Referendum 1710.
Polkassembly shows Ref. 1710 executed adopting the ‘Hard Pressure’ capped schedule with a 2.1B cap.
- 1. https://polkadot.com/blog/transferability-and-redenomination-public-notice/
- 2. https://wiki.polkadot.network/docs/learn/learn-redenomination
- 3. https://polkadot.com/blog/build-polkadot-network-launch-bounty-challenges
- 4. https://web3.foundation/press/polkadot-is-live/
- 5. https://wiki.polkadot.network/docs/learn-inflation
- 6. https://polkadot.polkassembly.io/referenda/1271
- 7. https://polkadot.polkassembly.io/referenda/1710
- 8. https://wiki.polkadot.com/docs/learn-polkadot-opengov-treasury
- 9. https://staging.polkadot.network/docs/learn-inflation