Besides the Kusama auction on June 15, what are the new items that Polkadot ecology can pay attention to in advance?

As the forerunner of Polkadot’s official main network, the timing of Kusama’s June 15 slot auction is extremely significant.

Besides the Kusama auction on June 15, what are the new items that Polkadot ecology can pay attention to in advance?

On June 8, Polkadot founder Gavin Wood released a more definite schedule for the Kusama slot auction. It should be noted that this schedule was drafted at the pace suggested by Gavin Wood to the Board of Directors, and with no major problems or surprises in the Kusama relay chain.

According to this schedule, the first slot auctions will be completed in five sessions, with the first Kusama auction starting on June 15 and then every seven days. The criteria for winning are that each participant bids on the first two days of the start, the bidding phase ends after two days, and after five days the system will randomly select one of these five days as the bid, and the highest bidder at this point in time wins the auction. From June 8th until the 15th, users and projects and participants will be unlocking their previously pledged KSMs for the slot auction.

Gavin Wood also mentioned that there will be a second batch of slots after the first batch, but there will be an “isolation period” between the two batches in order to observe the first slot auction and the related data.

As the forerunner of Polkadot’s official main network, the timing of Kusama’s June 15 slot auction is extremely significant because it marks a substantial progress of the cross-chain network proposed by Gavin Wood, which is bound to set off another Polkadot and Kusama frenzy in the market.

But our eyes can’t just be on Polkadot and Kusama. As we mentioned before, both Polkadot and Kusama are only a meta-protocol compatible with other parallel chains, and the establishment of cross-chain network is the beginning of Polkadot’s real value generation and value capture. With the rising popularity of Polkadot/Kusama market, a large number of ecological projects are bound to emerge, which will inevitably cause the market to be uneven.

The Web3 Foundation was established by Dr. Gavin Wood to focus on the development, deployment and maintenance of Web3.0, and to manage and utilize resources by funding quality projects, mainly in the direction of the components of the Web3.0 technology stack. projects.

So far, Web3 has made ten Grants, and as we can see from the list of Grants announced by the Foundation, there are 68 projects that will receive Grants in 2021. Among them, Zenlink, Equilibrium, Acala, Phala and other projects are already projects that have received Grant funding several times.

In addition, some new projects can also be paid attention to in advance. These include

X-Predict: A decentralized prediction marketplace

X Predict Market is a decentralized cross-chain prediction platform that aims to provide diverse, automated, security-oriented, high-yield, and social prediction services, enabling users to freely initiate predictions and governance of real events. polkadot is still basically in the stage of infrastructure and component construction, and there are still a lot of vacancies in the direction of future large-volume markets like derivatives There are a lot of vacant placeholders, so you can keep watching the projects in this segment.

DNFT: Decentralized NFT cross-chain protocol

Provide NFT asset management and cross-chain services. In terms of NFT asset creation and trading, DNFT incorporates NFT asset creation, NFT asset decentralized trading/auction, NFT asset maintenance tax, NFT recovery mechanism, and DNFT governance. In terms of user experience, DNFT builds tag pools for users and NFT assets based on big data and AI algorithms, making it easy for users to find accurate NFT assets. In terms of cross-chain services, the DNFT network will provide cross-chain bridges to allow assets to span multiple blockchains. The platform supports multiple chains such as Ether, BSC, Heco and Polkadot.

MyBank: The first high leverage cross-chain lending platform in Polkadot ecosystem

To be precise MyBank is a DeFi platform based on cross-chain solutions to improve the efficiency of market capitalization. Its core function is a comprehensive DeFi platform that revolves around high leverage to amplify market capital efficiency and combines with lending, DEX and other immediate businesses. MySwap DEX supports high leverage spot trading and cross-chain trading, while users can convert the value of their social connections into negotiable value passes or NFT credentials. From the experience of traditional financial market, the volume of derivatives market is at least 50 times of spot, and DeFi is an important value capture portal in the start-up phase of Polkadot ecology, so MyBank is an emerging project that will definitely become the star of Polkadot cross-chain DeFi ecology. MyBank will be deployed on Polkadot based on Substrate in the initial stage, and will cover BSC, Solana, ETH and other public chain ecologies in the future.

Stone: Cross-chain asset revenue aggregator

Stone is a platform that provides cross-chain liquidity and revenue aggregation around PoS assets. In other words, Stone will provide a trading and revenue platform for PoS pledged asset derivatives in the current market, such as vETH issued by Bifrost and rETH issued by Stafi, etc. Later on, Stone may also provide a package of synthetic assets based on these derivatives, and from the experience of various public chains such as Ether, the lock-up scale of a large revenue aggregator can often reach several hundred million. The size of a large revenue aggregator can often reach several hundred million or even billions of dollars.

Standard protocol: A secured algorithm stablecoin protocol for synthetic assets

Standard protocol is a hybrid Collateralized Rebasable Stablecoin protocol based on the Polkadot ecosystem, which introduces a new model for liquidity aggregation. In contrast to previous generation algorithmic stables, Standard adjusts its stablecoin supply each cycle and becomes a catalyst for financial activity in other parallel chains by enabling leveraged trading and arbitrage through a built-in AMM. Standard is also the first Grant project from Korea.

Zeropool: Polkadot Privacy Exchange

zeropool is a multi-chain privacy and anonymity solution that users can use to achieve hidden quantities, funding sources and target addresses, storage or transactions. Think of it as a strong competitor to anonymous coins. zeropool’s product has been in development, and it started as an anonymity solution for Ether’s ETC-20 token. Later on, it started to expand in the direction of multiple chains, which is another Polkadot eco-project besides Phala that fills the gap in this area of privacy computing and privacy protection.

Treasureland: a trading platform for NFT asset issuance in DEGO eco-system

Tresureland is a multi-chain NFT issuance and trading platform, and the first multi-chain NFT Market in Polkadot, while its parent DEGO is a platform that focuses on the concept of NFT+DeFi, mainly providing on-chain casting NFT, initiating NFT mining, auctions and transactions, etc. DEGO’s contract completed the audit, but the team has been anonymous. However, the team has been in anonymous status.

Dora Factory: DAO as a Service

Dora Factory is a DAO-as-a-Service on-chain governance and open source startup infrastructure based on Substrate. That means developers and startup teams can call Dora’s governance module directly on Polkadot in a hot-pluggable way. This service contains key requirements for governance, fundraising, collaboration, management, etc. Also on Dora Factory’s open infrastructure, secondary development is possible.

SubGame: decentralized gaming public chain platform

In the current NFT boom, gaming has become an important direction in addition to digital artwork, but there are limitations in the development and deployment environment of existing major public chains. SubGame is an open gaming public chain platform built on the Polkadot cross-chain network, providing a more low-cost, highly combinable and more powerful performance infrastructure for industry developers. SubGame provides a multi-module blockchain game engine, offering developers a full range of support, such as SDKs, tutorials, tools and all kinds of necessary module resources, thus enabling developers to improve their application products in the easiest way.

This content is more for people to pay attention to Polkadot/Kusama itself and the card slot auction event, and more to understand the ecology of the cross-chain network, and does not constitute investment advice. Besides, the card slot auction, as the biggest benefit of Polkadot, will eventually end at the point when the auction starts, and we still need to see how high the Polkadot ecosystem can develop in the future.

Posted by:CoinYuppie,Reprinted with attribution to:
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