Parallel chain auction feast is coming, how to share the dividends of boca ecological development?

On May 18th, Kusama successfully deployed the parallel chain Shell, according to the plan, if the Shell runs for 24 hours without problems, then the governance motion and referendum will be officially started, and the Shell will be upgraded to Statemine by voting, and then the auction of parallel chain slots will be started.

Parallel chain auction feast is coming, how to share the dividends of boca ecological development?

On May 18, Kusama successfully deployed the parallel chain Shell. According to the plan, if the Shell runs for 24 hours without problems, then the governance motion and referendum will be officially started, and the Shell will be upgraded to Statemine by voting, and then the parallel chain slot auction will be started.

This also means that the parallel chain auction of Boca ecology is approaching substantially, and the impact on the market sentiment may be just around the corner.

  1. The parallel chain has really reached the “last mile”
Parallel chain auction feast is coming, how to share the dividends of boca ecological development?

In fact, as early as March this year, Rococo V1, the parallel chain test network, was already up and running smoothly, taking the first step towards the official opening of Polkadot’s parallel chain slot auction process, but in the two months since then, the market has been looking forward to it.

Not long ago, on May 6, Polka released Polkadot v0.9.0, a new version that includes client changes to make the parallel chain work correctly, giving everyone a glimpse of the “last mile”.

Immediately after, on May 13, Kusama, the Polkadot network, announced on Twitter an upgraded version v0.9.1, which was approved by the Council (Governing Board) for a referendum, including the parallel chain, auction and crowdfunding code, which reduces the minimum allocation by 100 times and the fee deposit by 50 times, meaning that the Kusama slot auction is about to open.

And just this past May 18, Kusama finally successfully deployed the parallel chain Shell, which is the realization of Polkadot Statemint parallel chain on the Kusama network, which means that the current cross-chain leader Polkadot is really only the “last mile” away from the realization of the real parallel chain vision. “.

Parallel chain auction feast is coming, how to share the dividends of boca ecological development?

Therefore, in the next six months, the long-silent cross-chain track may usher in its own 2021 high moment. And according to the specific mechanism of parallel chain slot bidding, the prosperity of Poca ecology cannot be separated from the access of a large number of parallel chains.

The main thing lies in the successful auction of the slot to become a Poca parallel chain land project, which will also be able to share the consensus and security of the Poca network and be able to realize business sharing and interaction while realizing their different business lines.

02、The parallel chain auction is a window to share the dividends

Therefore, bidding for the first batch of slots will bring certain first-mover advantage to the project, which is conducive to its later ecological construction, and also a high-profile publicity, which is conducive to project momentum building.

This is undoubtedly a great advantage for the project, so the auction of parallel chain slots is a feast that cannot be missed for any project in the ecology.

As of May 19, according to polkaproject’s data, there are 439 ecological projects on Polkaproject, and they all need to participate in the slot auction next, and star projects like Bifrost, Stafi, Litentry and others have already made their fists up and publicly declared that they will participate in the parallel chain slot auction.

So this gives ordinary investors a good investment opportunity: if we like a project, we can lock in your DOT to help them bid and help support their next development.

Unlike the unpredictable risk of 1CO, the DOT is locked in Polkadot’s relay chain instead of being given directly to the project owner.

So if a user-backed project is successful in the auction, then those DOT (KSM) will be returned after a lock-in period (maybe six months to two years), and even if the auction fails, the DOT (KSM) will be returned shortly after the auction ends.

Then as an ordinary holder, it is equivalent to having an extra bonus without risk – lending the DOT to the project owner to participate in the bidding, and the project owner will allocate the corresponding project Token according to the number of pledges, so as to get the Token reward corresponding to the bidding project.

Parallel chain auction feast is coming, how to share the dividends of boca ecological development?

In short, for us ordinary investors, the event of the auction of Boca parallel chain slots must not be missed. The auction competition of more than 400 projects of parallel chain slots, along with the development of Boca ecology and WEB 3.0, is a good window of opportunity to participate and share the dividends of Boca ecology.

03、AToken wallet “one-click” to participate in the auction

For us ordinary investors is also the time to test their vision and investment discipline. However, although the parallel chain slot auction is a rare opportunity to participate in sharing the DOT and KSM development dividend, there are certain thresholds at present.

On the one hand, project parties are in urgent need of a corresponding display platform to show users their vision, roadmap, technical advantages and other detailed information, so as to “canvass”, “show themselves” and actively “market” themselves. “sell” themselves.

On the other hand, we ordinary investors, as “hunters” actively looking for quality targets, do not have a convenient enough entrance to participate in voting directly and effortlessly.

However, AToken, a decentralized wallet, has recently placed a corresponding solution directly on its homepage – PolkaInsight, an ecological portal for “slot auctions”, which not only helps projects to promote and showcase their auctions, but also helps and guides users to vote in a “one-click” manner.

PolkaInsight is already integrated in the AToken wallet as a DApp, so slot auctions can be completed through the AToken wallet.

Please make sure your AToken wallet’s helper is backed up correctly before conducting a slot auction. For more information, please contact AToken’s official customer service (wentixiaobaike or axianghuixiaozhushou).

In AToken’s polkainsight service, as shown above, there are currently three modules: “Crowd Auction”, “Watch Area”, and “Project List”.
The “Observation Area” contains basic information (price, market value, etc.) about the current projects in the polkas, while the “Project List” contains a specific panorama of each project (investment status, project stage, project Token, product advantages, etc.).

At present, the basic information of each project, such as the auction chain ID and reward rules, can be easily checked, and the different airdrop and lock-up rules for each project are also very intuitive, which is undoubtedly an excellent display platform for project parties and saves a lot of time and energy costs for users to obtain information.

The “Crowd Auction” module is the most direct entry point for users to participate in the auction. Take Bifrost, which has not yet started, as an example, it clearly lists the data that users need to pay attention to, such as the number of participants, the minimum amount of bids, air bids, estimated rewards and so on.
In other words, users can directly understand how to participate in the auction and the expected revenue after participation, and can directly take their KSM or DOT to “one-click” vote, and easily get the reward and share the auction bonus.

At the same time, because AToken only provides the entrance to participate in the auction, it is still a personal operation directly on the chain, so the whole process of participating in the auction with AToken is actually a completely decentralized operation.

In a nutshell, AToken’s product service provides direct access to the auction site with one click, helping users to participate directly and share the dividends of parallel chain auctions.

At the first Poca Community Conference on December 3 last year, Gavin Wood said “Make blockchain great again”.

Now the parallel chain slot auction is not only a key milestone in Poca’s development in 2021, but also a rare bonus opportunity for us ordinary investors and the whole industry, let’s look forward to it and grasp it together.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/parallel-chain-auction-feast-is-coming-how-to-share-the-dividends-of-boca-ecological-development/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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