[Polkadot Watch] 10 Project Parties Open Kusama Crowd Lending, Seize Investment Opportunities

Polkadot has a historic moment, as the Kusama slot auction is approaching and an opportunity for investors emerges.

During the week of June 13, Shell Parallel Chain was upgraded to Statemine Parallel Chain with the vote of Kusama Council and the community!

Gavin announced the exact timing and other arrangements for the Kusama auction on June 8.

June 15, 2021, 12:00 GMT (Beijing time: June 15, 20:00 pm): The first Kusama Parallel Chain slot auction starts. Bidding is possible.

June 17, 2021, 09:00 GMT (Beijing time: June 17, 17:00 pm): The first Kusama parallel chain slot auction end period begins. Only bids placed before this time will definitely be taken into account in the final result. The likelihood of bids made after this date being considered decreases linearly.

June 22, 2021, 09:00 GMT (Beijing time: June 22, 17:00 pm): The end of the first Kusama Parallel Slot Auction bidding period. After this time, no bids may be placed on this auction.

June 22, 2021, 11:00 GMT (Beijing time: June 22, 19:00 pm): The first Kusama parallel chain slot auction winner is selected. The auction winner is determined to be the highest bidder at a randomly selected point in time within the last 5 days.

June 22, 2021, 12:00 GMT (Beijing time: June 22, 20:00 pm): Second Kusama Parallel Chain Slot Auction begins.

June 29, 2021, 12:00 GMT (Beijing time: June 29, 20:00 pm): The third Kusama Parallel Chain Slot auction begins.

July 6, 2021, 12:00 GMT (Beijing time: July 6, 20:00 pm): The fourth Kusama parallel chain slot auction begins.

July 13, 2021, 12:00 GMT (Beijing time: July 13, 20:00 pm): The fifth Kusama Parallel Chain Slot auction starts.

Polkadot Eco Index Performance
Polkadot Eco is about to welcome the Kusama slot auction and the Eco Index is steadily picking up. 21 projects representing DOT, KSM, FIS, LINK, PHA, LIT, etc. are included in the Polkadot Eco Index calculation. In the recent year, the Polkadot index has shaken and adjusted, which is related to the overall market pullback. Meanwhile, the PolkadotKusama slot auction might be able to push the whole ecology forward substantially before the big development of Polkadot ecological projects, and the better performance of related coins will increase.

[Polkadot Watch] 10 Project Parties Open Kusama Crowd Lending, Seize Investment Opportunities

Source: polkaproject

Kusama parallel chain auction process inquiry

[Polkadot Watch] 10 Project Parties Open Kusama Crowd Lending, Seize Investment Opportunities

Inquiry website: https://kusama.subscan.io/auction_board

Kusama Council (PolkaWorld is also one of the councils) will vote to open the auction on June 15, and then go to a referendum to open the first auction.

The first auction is expected to start on June 15 at 20:00 pm (BST).

The auction will last 7 days, with a 2-day bidding period and a 5-day ending period. Since the 5-day period ends randomly, investors can support the project two days before the auction and participate in the slot auction with their KSM tokens.

Kusama’s auctions are somewhat reducing the risk of stepping in the hole for Polkadot’s deployment of the auction feature, and Polkadot auctions are expected to start after Kusama’s 5 auctions.

Crowdloan completion status
As of this posting, there are now 10 projects that have launched crowdloan campaigns and have received a total of 533,652 KSMs so far, or about 4.9% of all KSMs, of which

Karura has received a total of 356,828 KSMs

Bifrost received a total of 11,404 KSMs

Khala Network received 8,612 KSMs

Darwinia Crab received 708 KSMs

Shiden received 65,514 KSMs

PolkaSmith received a total of 2,215 KSMs

Crust Shadow received 2,803 KSMs

Sakura received a total of 3,600 KSMs

SubGame Gamma received 215 KSMs

Moonriver received 81,672 KSMs

How to participate in the Kusama Parallel Chain Crowdloan
The most interesting part of the parallel chain auction process for investors is undoubtedly the participation in the project’s Crowdloan campaign. By participating in it, investors can get the opportunity to experience rich tokens.

1、Open the URL https://polkadot.js.org/ and click into polkadot.js.org/apps

[Polkadot Watch] 10 Project Parties Open Kusama Crowd Lending, Seize Investment Opportunities

2、Switch to Ksama trial network

[Polkadot Watch] 10 Project Parties Open Kusama Crowd Lending, Seize Investment Opportunities

After clicking LIVE RELAYS & PARACHAINS, select Kusama corresponding to Hosted by Parity, and click Conversion to refresh into the relevant website.

3、First login to Kusama account

[Polkadot Watch] 10 Project Parties Open Kusama Crowd Lending, Seize Investment Opportunities

After logging in, first log in to your Kusama account. Of course, if you don’t have one, you can click ADD account to add one. This way, you can transfer your KSM in the exchange or wallet.

4、Enter the account helper word and import KSM tokens

[Polkadot Watch] 10 Project Parties Open Kusama Crowd Lending, Seize Investment Opportunities

After you click Mnemonic, you can add your own token in the blank area, then click I have saved my mnemonic seed safely in the middle of the bottom, you can click Next to proceed to the next step.

  1. Click Parallel Chain Overview to see the options of parachains, parathreads, current lease, and lease period.
[Polkadot Watch] 10 Project Parties Open Kusama Crowd Lending, Seize Investment Opportunities

Parachains: Kusama Public Interest Parallel Chain Statemine has been online early and got the slot for free before the project side successfully bid for the slot.

Parathreads: 11 project parties are bidding for the parallel chain and are in Parathreads status until their bids are successful.

current lease: The current period of Kusama running time is 13*42 days (Current lease: 13 cycles, lease period: 42 days).

  1. Parathreads status of projects: Karura, Bifrost, Khala Network, Darwinia Crab Redirect, Shiden, Polkasmith, Crust Shadow, SherpaX, Sakura, SubGame Gamma , Moonriver

Before becoming a parallel chain, the projects involved are in Parathreads status.

[Polkadot Watch] 10 Project Parties Open Kusama Crowd Lending, Seize Investment Opportunities

7、Kusama slot auction Crowdloan section

[Polkadot Watch] 10 Project Parties Open Kusama Crowd Lending, Seize Investment Opportunities

The number of KSMs raised by different projects participating in the Kusama slot auction can be seen on raisde.

If we choose to use KSM to support the project side of the crowdfunding, then click on Contribute in the picture, you can support the project side.

  1. Click Cointribute to support the corresponding project party
[Polkadot Watch] 10 Project Parties Open Kusama Crowd Lending, Seize Investment Opportunities

It is worth noting that there is a minimum amount of 99.9999, which means that higher than 100 KSMs will be eligible to participate in this process.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/polkadot-watch-10-project-parties-open-kusama-crowd-lending-seize-investment-opportunities/
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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