Polkadot existential deposit has been set to 1 DOT which made sense at the very beginning. However, with the sudden price spike in the last month (and it's reasonable to expect that the price can go even higher when the parachain auctions are launched) the deposit seems to be quite high. In my opinion, existential deposit should be some bare minimum (I would say no bigger than 5 USD) that will keep the account alive. In the current state of affairs, it's starting to become confusing for some members of the community because 1 DOT is becoming a substantial amount of money. 

So the purpose of this post is to discuss whether it makes sense to lower the existential deposit and what do new value should look like. I am looking forward to your opinions, thank you

- The Polkadot existential deposit is currently set at 1 DOT.
- The price of DOT has gone up a lot recently.
- Some people think the deposit should be lower, maybe around $5.
- People are confused because 1 DOT is now worth a lot of money.
- This post is asking for opinions on whether the deposit should be lowered and what the new value should be.

#269 Update existential deposit in Polkadot

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