Chainalysis Proposes $10 Million Partnership with Polkadot
Chainalysis proposed a partnership with Polkadot on April 18, potentially worth $10 million.
They will monitor and track DOT token activities on the Relay Chain to ensure visibility of potentially risky on-chain actions to regulators and institutional entities.
Additionally, they will provide on-chain intelligence solutions related to the listing of the DOT token.
The collaboration will include joint events, announcements, and case studies to promote the partnership and highlight Chainalysis’s role in supporting Polkadot’s compliance framework.
Chainalysis requested 1,000,000 of Polkadot’s DOT tokens, or the equivalent value in US dollars (currently $6.82 million), for a three-year agreement.
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However, the proposal has received little support from the Polkadot community.
If successful, it could enhance market capitalization, market share, adoption, and popularity among institutions, and prevent fines and reputational damage resulting from regulatory issues.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
