Join 96,266 users already on read.cash

Kusama's second round of slot auction is coming soon, which items are worth paying attention to?

0 17
Avatar for chase
Written by   14
11 months ago

Kusama's second batch of 5 parachain slots auction will start on September 1.

SherpaX (ChainX)

SherpaX is ChainX's pioneer network on Kusama. ChainX is the earliest project launched in Polkadot's ecology. It is committed to the development and research of BTC Layer 2 expansion, digital asset gateway and Polkadot's secondary relay chain to realize cross-chain asset interoperability and lead the new direction of Bitcoin Cross-Defi.

Slot auction plan:

SherpaX has opened Crowdloan and announced the latest Crowdloan auction reward plan on August 20, increasing the rewards.

Every time 1 KSM is locked, 10 KSX rewards can be obtained;

Quota bonus, that is, the more KSM locked, the more ladder bonus;

Invitation bonus, both the inviter and the invitee get an extra 5% bonus;

Overweight rewards, 5 KSX rewards will be added for every 1 KSM;

Reward a limited edition digital identity CID NFT. The earlier you participate and the larger the locked amount, the scarcer the CID NFT will be.

SherpaX will initially issue 21 million KSXs in the form of IAO (Initial Airdrop Offering), of which 20% will be used for community autonomy, 80% will be used for the bidding of Kusama parachain slots, and 10% will be issued annually thereafter. KSX has no lock-up period and will be released once after the parachain is online.

Darwinia Crab

Darwinia Crab Network (abbreviation: Crab Network) is the pioneer network of Darwinia Network on Kusama, and is the first cross-chain NFT chain in the Polkadot ecology.

Slot auction plan:

Crab plans to start bidding on slots in the 4th round, and plans to bid for slots with 48 weeks of use time;

A total of 240 million CRING and 6 million RING rewards will be distributed according to the proportion of users’ support, 30% are not locked, and 70% will be released linearly within 48 weeks;

Reward the evolutionary planet NFT mining package (land, apostle, etc.);

BTC Super Jackpot.

Altair (Centrifuge)

Altair is Centrifuge's canary network on Kusama. With Altair, anyone can tokenize their assets and use them as collateral to obtain financing through Tinlake.

Slot auction plan:

At the beginning of the creation, the Altair network will take a snapshot of the balance on the Centrifuge chain and distribute AIR tokens to CFG token holders at a ratio of 1:1;

Altair's token supply is 425 million;

For those who participate in crowd lending, supporting 1 KSM will receive 50+ AIR rewards. The exact amount of AIR allocated to each KSM holder will depend on the price of the parachain slot and the participation of crowdfunding;

25% of the reward will be unlocked at the beginning, and the remaining amount will be distributed to the crowd loan participants within the time of the Parachain slot.

Crust Shadow

Crust Shadow is a parallel network of Crust on the Kusama network.

Crust aims to build a distributed cloud ecosystem that values ​​data privacy and ownership. Crust provides a decentralized storage network for the Web3 ecosystem, supports multiple storage layer protocols including IPFS, and provides interfaces to the application layer. Crust's technology stack can also support a decentralized computing layer.

Slot auction plan:

Crust’s rewards are divided into two parts. One is the reward during the Crowdloan period. Supporters will receive this reward regardless of whether the auction is successful or not; the second is the slot rental period reward, which can only be obtained after successful bidding.

Crowdloan reward: During the Crust Shadow Crowdloan period, regardless of whether the auction is successful or not, participating contributors will receive a dual currency reward of 0.07 CRU + 14 CSM.

Slot rental rewards: if KSM ≤ 50,000, the distribution ratio is 1 KSM: 1.5 CRU + 300 CSM; if KSM> 50,000, then 75,000 CRU + 15 million CSM will be divided according to the contribution ratio.

After the bid is successful, 30% of the lease period reward will be released immediately, and 10% will be released for each subsequent lease period. After receiving the reward, the CRU can participate in the pledge guarantee of the Crust validator/candidate node to obtain additional rewards.

Reward ceiling: 90,000 CRU, 18 million CSM.

KILT Protocol

KILT Protocol is the underlying basic protocol for decentralized trust transfer in the Web3 era. On the basis of protecting the sovereignty of user data, it supports the "verifiable digital certificate" function through a unique on-chain mutual verification mechanism. Through zero-knowledge proof technology, functions such as selective presentation of digital certificates can be realized. KILT Protocol will create a unique "trust economy market", provide economic incentives for the transfer of trust, and promote the free transfer of trust without borders.

Kintsugi (Interlay)

Kintsugi is Interlay's canary network on Kusama.

Interlay is developing the BTC-Polkadot bridge, and Kintsugi is developing the BTC-Kusama bridge to bring BTC into the Kusama network and bring more liquidity to the ecology. The specific bidding plan will be announced within a week.

Kapocha (Edgeware)

Kapocha is Edgeware's canary network on Kusama.

Edgeware is committed to creating a smart contract platform with a treasury managed by the community, a decentralized proposal system and a DAO network.

Calamari (Manta)

Calamari Network is the pioneer network of Manta Network, and Manta Network is the Polkadot ecological privacy project.

After the successful bidding, Calamari Network plans to provide on-chain privacy services for the entire Kusama DeFi network. Its early products include: privacy payment MariPay, privacy decentralized AMM trading platform MariSwap, etc.

Slot auction plan:

Calamari will participate in the Parachain slot auction from the 6th slot of Kusama, with a slot period of 8 cycles, that is, the lease period is 6 weeks*8=48 weeks.

Calamari's official bidding strategy and reward details are as follows:

Up to 3 billion KMAs are rewarded to KSM contributors, accounting for 30% of the initial total supply of KMA. Calamari will use a ladder cap approach to design the reward cap.

For every locked KSM to support the Calamari slot auction, a fixed 10,000 KMA will be awarded as a reward. The rewards for users to receive KMA will not change with the total amount of KSM supporting Calamari.

In addition, the top 1000 contributors will receive additional KMA rewards: the first 1-500 contributors will receive an additional 10% reward; the top 501-1000 contributors will receive an additional 5% reward.

Sakura (Clover Finance)

Sakura is Clover Finance's pioneer network.

Clover is a Polkadot parachain based on Substrate. Clover is committed to providing an easy-to-use blockchain infrastructure and creating a one-stop comprehensive infrastructure platform to lower the barriers and costs for developers and bring rich returns to developers.

Slot auction plan:

The total number of SKUs is 1 billion, of which 20% (200 million) is used for slot auction rewards;

Plan to bid for a 48-week (approximately 1 year) Kusama slot;

For every KSM locked, at least 200 SKUs will be rewarded.

Basilisk (HydraDX)

Basilisk is a cross-chain liquidity protocol and a separate chain. It will work with HydraDX to meet the liquidity needs of all stages of the life cycle of new crypto assets. In other words, for the newly grown crypto assets, Basilisk can be chosen to guide its liquidity in the early stage; when it is mature and stable, it can be transferred to the HydraDX universal pool to obtain further liquidity. For those encrypted assets that have been operating on the Kusama network for a long time, Basilisk can be used to stabilize their liquidity.

Slot auction plan:

Give out 15% of the total, that is, 15 billion BSX rewards for slot auction rewards;

Plan to bid for a 48-week (approximately 1 year) Kusama slot.

Robonomics

Robonomics is an IoT platform on Ethereum and Polkadot. It will provide IoT devices with access to the Polkadot ecosystem. At the same time, the Robonomics parachain will store these digital twin biological networking devices.

Genshiro (Equilibrium)

Genshiro is Equilibrium's canary network on Kusama.

The DeFi project Equilibrium includes a currency market and a cross-chain DEX platform, and Genshiro is a Kusama-based DeFi one-stop shop, which can achieve almost everything that DeFi can currently achieve in a cross-chain manner under the premise of lower risk Function.

Slot auction plan:

240 million tokens (20% of the total supply) as a reward for slot bidding

For every KSM contributed, users will get 1000 GENS

Opportunity to receive additional rewards, such as distribution bonus (up to 50%), early participation bonus (up to 20%)

Loom Network

Loom Network is a multi-chain ecosystem that allows developers to create Dapps that can be easily used on all major blockchains, and allows users to easily use Dapps without needing to understand the underlying blockchain deployed by each Dapp Various interactions and methods of use. Loom has integrated Ethereum, TRON, BSC, and now plans to integrate into Kusama and Polkadot through auction slots.

Slot auction plan:

Start bidding from the fifth slot

24% of the total (50 million) is used for Crowdloan rewards

Get 100 LOOM rewards for every KSM locked

Rewards will be issued as soon as possible after the auction is successful, without locking or linear release

Kpron (Apron)

Kpron Network is a test network deployed by Apron Network on the Kusama network.

Apron Network is committed to building a decentralized infrastructure service network platform to provide application developers, application users and infrastructure operators with a decentralized network based on blockchain technology infrastructure services. Apron Network will provide middle-tier infrastructure service support for multiple public chains such as Ethereum, Kusama, Polkadot, BSC, Filecoin, Helium, Heco, Iost, including Layer 2.

Slot auction plan:

Participate in the Kusama Parachain Slot Auction from the 3rd slot, the lease period is 48 weeks

Take out the Apron native token APN (80 million APN), which accounts for 8% of the total issuance, as a long-term slot bid reward for Kusama and Polkadot

The first 20,000 KSM, each KSM rewards 80 KPN; the 20,000-50,000 KSM, each reward 40KPN; the 50,000th to 100,000 KSM, each reward 10KPN; more than 100,000 KSM, continue to support Contributors will not be rewarded (Note: KPN obtained can be exchanged for APN 1:1)

After successful bidding, 35% of rewards will be given to contributors, 35% in the second month, and 30% in the third month.

PolkaSmith (PolkaFoundry)

PolkaSmith is the canary network of PolkaFoundry.

PolkaSmith is a one-stop production center for DeFi and NFT dApp on Kusama. It aims to provide all the necessary functions, services, integrations and tools for DeFi and NFT experiments, innovations and real-world solutions.

Slot auction plan:

Use 15% of the total amount of PKS (70 million), that is, 1050 million PKS for slot auction rewards

Each locked KSM rewards 350+ PKS

35% will be released when the parachain goes online, and the rest will be released linearly within 10 months

Sora Network

SORA is not only a new economic system with the concept of a decentralized central bank, but also a network. It implements a new method to build a parachain blockchain. The blockchain Use built-in tools that focus on DeFi to connect to the Polkadot relay chain and ecosystem.

SORA Network is good at providing tools for decentralized applications that use digital assets, such as token swap, bridging tokens to other blockchains, and creating programmatic rules involving digital assets.

Parallel Heiko

Heiko Finance is the canary network of Parallel Finance.

Parallel Finance is a decentralized money market protocol that provides loans, mortgages, and loans in the Polkadot ecosystem.

Slot auction plan:

Use 5% of the total amount of HKO for slot auction rewards

Refer a friend to get an extra 5% bonus

2
$ 1.21
$ 0.66 from @TheRandomRewarder
$ 0.50 from @larrychase
+ 1
Sponsors of chase
empty
empty
empty
Avatar for chase
Written by   14
11 months ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments