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Polkadot & Kusama Gifts

Gifts from Polkadot and Kusama are a new way to send DOT or KSM to anyone, even if they don't have an account or wallet.

Introducing Polkadot & Kusama Gifts: The Easiest Way to Send DOT & KSM to Friends & Family iBase Trading.
iBase Trading Crypto News

Gifts from Polkadot and Kusama are a new way to send DOT or KSM to anyone, even if they don’t have an account or wallet.

One of the most difficult tasks for any blockchain network is onboarding new users. Until now, the only method for members of the Polkadot community to bring their friends and family on board with Polkadot was to teach them how to set up their own wallets or send them to a centralized custodial service.

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Community members can now send DOT or KSM to friends and family in a secure, non-custodial manner via Polkadot or Kusama Gifts, and it will direct them through the process of creating an account and wallet.

Polkadot Gifts make it simple to:

  • Bring onboard friends or family members who are interested in blockchain but haven’t yet taken the plunge.
  • Send any amount of DOT or KSM to show your love for Polkadot.
  • When someone’s address is unknown, say thank you or gift them tokens.
  • Set up a crowd loan account for friends and relatives.

Making a Present

Polkadot Gifts creates a one-of-a-kind ‘gift secret,’ a 16-digit code that the recipient can use to claim the present.

To start, go to the Polkadot Gifts (DOT gifts) or Kusama Gifts websites (for KSM gifts). On both networks, the procedure is the same:

  1. Use the Polkadot-JS browser extension, a Ledger device, or Parity Signer to link the accounts.
  2. Enter the name of the receiver and the amount to send. Confirm the information and click the confirm button. This will generate a transaction for signing, just like any other transaction.
  3. Once the present has been created, it is ready to be sent! Simply send the message to the recipient, together with the unique gift secret, using a secure messaging app of their choice, or print it out and hand it to them in person.

Be aware that anyone with access to the gift secret has the ability to claim the present, thus there should be no discussion with anyone other than the intended recipient and kept safe until claiming the gift. The gift secret loses its value once the recipient claimed the gift.

Getting the Present

Gift recipients need to go to the Polkadot Gifts or Kusama Gifts pages, where there will be a process of claiming the gift and creating an account and wallet with the Polkadot-JS browser extension if the recipient doesn’t have one. One can simply claim the gift from an existing address if the recipient already has an account.

Polkadots are a type of pattern that has been around for a long time

Once the gifts were sent, explain blockchain and Polkadot to friends and family in simple terms.

To begin, blockchain is a new sort of computer technology that can construct a new, more equitable version of the internet that does not rely on middlemen and in which users, not large organizations, own their own data and have control over what they do online.

Polkadot is a blockchain that joins multiple blockchains into a unified network, providing security and allowing them to communicate with one another. Polkadot’s creation was to lay the groundwork for a new, more equitable internet, often known as Web 3.0, by bringing together many blockchain networks into a single collaborative system.

“The views and opinions on this Crypto News Website are solely those of the authors and contributors. These views and opinions do not necessarily represent those of iBaseTrading or its partners.”

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Abby Hernandez is an independent crypto writer for iBaseTrading. She is passionate about NFT, decentralization and anything related to blockchain technology. She has worked in the financial sector for 7 years and loves yoga and dancing.