Polkadot carries one of the more interesting cryptocurrency names, and it serves as the token on the Polkadot network. According to its developers, the Polkadot token serves three main purposes: providing governance for the network, operating the network and creating parachains by bonding Polkadot tokens. While Visit Your URL this may be a foreign language to investors who are not familiar with the field, the 1,300% gain in the Polkadot token since August 2020 is something anyone can understand. Still, Polkadot remains affordable at just over $38 per token. When you purchase crypto, the crypto exchange typically charges a fee to process the transaction. Fees vary depending on how you fund your purchase. Debit card purchases or EFT transfers from your bank generally are cheaper than if you used a credit card.\u00a0