Dotcoin is a utility coin for the cryptocurrency exchange known as Cryptopia. Used pay Cryptopia for new listings, DOT is mostly useful for developers seeking increased exposure for their coins on the Cryptopia exchange. In addition, DOT is awarded to Cryptopia users when they successfully refer new users and friends to the exchange. Thus, the only way to get a new coin listed on Cryptopia is by buying DOT and paying the respective listing fees.
An investment in DOT is an investment in Cryptopia’s future. Originally a mineable coin, DOT was eventually tokenized on the UBQ blockchain, thus negating this feature.