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Dock defines itself as a verifiable credential platform. It provides a set of tools incorporating Blockchain technology, enabling businesses and developers to create verifiable credentials.
What is Dock (DOCK)?
Dock aims to solve universal problems with existing data solutions. The issues Dock intends to resolve include data repositories and gateway controllers, unreliable and incorrect information, cross-platform incompatibilities, inefficiencies in verifying data, and lack of control and privacy for users.
According to Dock, in today’s world, accurate and individually owned data is more important than ever. Our ability to navigate society largely depends on accurately assembling various pieces of information that represent who we are and our achievements and being able to prove them.
Therefore, Dock believes it is essential to solve the above-mentioned problems in an open and transparent manner. Towards this goal, it enables any organization or developer to broadcast through Dock, thereby unlocking the key to a better future world supported by secure, individually owned verifiable credentials through interoperability across markets and industries.
To achieve all its objectives, Dock utilizes its own cryptocurrency, DOCK. According to announcements, DOCK plays a crucial role in aligning incentives among all participants of the Dock network, including the Dock Association, and facilitates collaboration. There are 3 main use cases for the DOCK token:
- Governance: The DOCK token provides transparent and accountable governance for the Dock Network. Any token holder can participate by submitting open proposals, voting on the direction of the network, and electing board members to the Dock Association.
- Network Transactions: DOCK tokens are required to process transactions within the Dock network, including creating a decentralized identity (DID), publishing and revoking credentials, anchoring credentials, and creating schemas for credential configuration.
- Staking and Voting
At the time of preparing this article, DOCK Coin, trading at $0.0288, is also being traded at 0.0000006362 BTC in the DOCK BTC trading pair.
In addition, DOCK Coin, which peaked at $0.2427 on May 4, 2018, also saw its lowest level at $0.0023 on March 13, 2020. Currently, there are 627,697,556 DOCK Coins in circulation, and this number is expected to reach a maximum of 1,000,000,000 DOCK Coins.
According to CoinMarketCap data, Dock Coin, ranked 633rd with a trading volume of 17,514,047 USD, also has a 24-hour trading volume of 3,754,208 USD.
Where to Buy DOCK Coin?
Dock Coin can be purchased quickly and securely via Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
To buy Dock Coin, one must first register with Binance and then send fiat money. After sending a fiat currency like USD, Dock Coin can be purchased in the Tether (USDT) or Bitcoin (BTC) trading pairs where it is listed.
Additionally, at Binance, users can place orders to buy at lower than market price. For this, simply use the Limit tab and enter the amount and price you wish to buy at.
