Topic: Kusama Parachain Slot auction - page 2. (Read 472 times)

today I went to 1 kusama in 2 projects. Let's see what it will give. I think that in any case this is a good idea, because depositing KSM tokens for 48 weeks is already a victory in any case. And also get some tokens of good projects.

https://twitter.com/kusamanetwork/status/1450168614175268872
"The Kusama Council just passed Motion 377 to schedule the next 48 auctions on yours truly. At block #9,777,777 on Oct. 23, 2021, the 12th auction on Kusama will commence, and continue on a weekly basis for the next 48 weeks."

https://twitter.com/AdamSteeber1/status/1450155413257834501
"People have already crowdloaned 20% of the total $KSM supply and
@Web3foundation
anticipated 25%. Staking is at 42.8%. If it goes < %30, security is "compromised"

Bit.Country Crowdloan is live! Great list of backers and partners such as Acala, team with impressive list of achievements. Definitely looks like one of the best project in current batch.

Official link (not refferal)
https://ksmcrowdloan.bit.country/crowdloan

Crowdloan rewards:
For every 1 KSM contributed, a minimum of 68 NEER is rewarded. (probably will be more in the end)
⚡Bonus Reward 1 — Early Bird
The first 1000 participants will receive an extra 10% bonus.
⚡Bonus Reward 2— Referral
If you refer someone and that person uses your referral code, both parties will receive an extra 5% bonus split (2.5% each) based on referred’s contribution.
For example, if you referred someone who received 100 $NEER from their base reward, Bit.Country will award an extra 2.5 $NEER to you and the referred.
❤️Bonus Reward 3— Land for Your Own Metaverse
Bit.Country will gift you land block(s) if your contribution is qualified. This additional reward will enable you to launch your own metaverse for your friends, families, or communities without breaking the bank.
Reward Distribution
Bit.Country will distribute 30% of the total reward at the Token Generation Event (TGE). The remaining 70%, will be distributed to you linearly over 12 months.
If you were gifted with land blocks(s), Bit.Country will distribute them shortly after the Bit.Country app goes live.

https://twitter.com/polkafrancefr/status/1448608554282323969
"Hello and congratulations to Kintsugi
@kintsugi_btc
for 11 parachains on Kusama"

https://twitter.com/DotParachains/status/1448218847123804163


September 1st, 2021 - October 13th, 2021  ended

Auctions on Polkadot & Kusama Ecosystem
https://parachains.info/auctions#tab-network-kusama

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https://apps.karura.network/swap
Bifrost Launches on Karura Swap With Over 200k BNC in Liquidity Mining Rewards
https://medium.com/acalanetwork/bifrost-launches-on-karura-swap-with-over-200k-bnc-in-liquidity-mining-rewards-1ebec8e8ec15
"Trustless trading for the BNC/kUSD pair will go live following a 48-hour period of one- or two-sided bootstrap provisioning on Karura."

You are absolutely correct that Kusama is a testnet for Polkadot.
First, you need to read at least a couple of articles to understand the main differences.
https://medium.com/polkadot-network/kusama-polkadot-comparing-the-cousins-170e4fe6c280
https://medium.com/coinmonks/polkadot-dot-mind-blowing-potential-project-45d359adff53

You can find governance and validators on this service
https://polkadot.js.org/apps/

Polkadot ecosystem and staking
https://bitcointalksearch.org/topic/polkadot-ecosystem-and-staking-5305730

So what is the main difference between Polkadot and Ethereum?
Ethereum is an open system where anyone can launch any project that can be good or fraudulent.
To launch a project in the Polkadot Ecosystem, you first need to win an auction for a place in the Kusama Ecosystem, complete testing, and then win an auction for a place in the Polkadot Ecosystem. With this approach, fraudulent projects will never join this ecosystem.
If your project is part of the Polkadot ecosystem, then it will automatically be able to interact with other projects in the ecosystem and have the same protection against attacks as the entire Polkadot ecosystem.
The Polkadot ecosystem is currently limited to 100 projects, so the best ones will be there.

You can start a project in "single mode" but then you have to build bridges or interact with ecosystems through other projects.
And the main disadvantage of this is that you will have to solve security issues yourself. You will have to make nodes, pay them a reward, and make sure that they do not do malicious acts.

If you have questions, then ask them.

__________________________

https://twitter.com/dotmarketcap/status/1443137512013119493?s=21
"The crowdloan today has witnessed the spectacular breakout of @altair_network.
The winning result was finalized at block #13305601. Congratulations to their whole team for this success.

Batch 2 has entered the ending period, only 7 days left & we'll know the last winner."

Auction 9: WINNER
https://parachains.info/details/altair
https://twitter.com/altair_network

____________________________
https://composablefi.medium.com/our-picasso-crowdloan-plans-for-future-kusama-auctions-8cda80d71208
"An additional 10% of Picasso’s native token (PICA) supply will be allocated to contributors, on top of the rewards we have announced so far.
Should we not secure the 10th or 11th slot, resulting in an additional crowdloan in the next slot auctions, 5% will be given to contributors who previously staked in our prior crowdloan, and restake the same amount. Additionally, 5% will be distributed to stakers who contribute to the crowdloan after it has reached 100,000 KSM. These bonus rewards would be distributed during the next round of parachain auctions."

__________________________________

https://parallel.fi/networks/kusama.html

https://twitter.com/ParallelFi/status/1445684385823412224
"Parallel-Heiko has officially won the 10th slot auction in the Kusama parachain auctions, with 202K+ KSM and over 12.5K contributions contributed!

Huge Thank You to our community! We are incredibly excited to be a Kusama Parachain and have good news to share:"

https://parachains.info/details/heiko_finance
______________________________________
https://twitter.com/Polkadot/status/1448320451118346240

"Batch 1 - 1 week cadence
• Auction 1: Nov. 11, 2021 - Nov. 18, 2021
• Auction 2: Nov. 18, 2021 - Nov. 25, 2021
• Auction 3: Nov. 25, 2021 - Dec. 2, 2021
• Auction 4: Dec. 2, 2021 - Dec. 9, 2021
• Auction 5: Dec. 9, 2021 - Dec. 16, 2021
For lease period 6 starting Dec 17 2021

Batch 2 - 2 week cadence; with auctions still lasting 1 week
• Auction 6: Dec. 23, 2021 - Dec. 30, 2021
• Auction 7: Jan. 6, 2022 - Jan. 13, 2022
• Auction 8: Jan. 20, 2022 - Jan. 27, 2022
• Auction 9: Feb. 3, 2022 - Feb. 10, 2022
• Auction 10: Feb. 17, 2022 - Feb. 24, 2022

• Auction 11: Mar. 3, 2022, Mar. 10, 2022
For lease period 7 starting March 9, 2022"

To the moon!
_________________________________________
All information about auctions in the Polcadot Ecosystem can be obtained on the official websites:
https://polkadot.network/parachains
https://polkadot.network/auctions
"Each auction takes place over the course of 1 week and assigns a total slot duration of 96 weeks (divided into 8 12-week lease periods)."
Good alternative resources
https://dotmarketcap.com/
https://parachains.info/auctions

From what I have read, Kusama is the testnet for Polkadot and the mainnet is yet to be launched. Then why is it that both the tokens are already being traded. DOT is supposed to be the governance token but who is holding all of this DOT and where do the votes happen?

I also tried to check the validator stats but the telemetry link on the official website gave an error. There are plenty of projects but the research behind the founders and teams is way more sketchier than it used to be for ICOs. In case of Ethereum, there was atleast this forum where a lot of people used to hunt for scam teams and tried some level of dissuasion. How is that being done on something like Polkadot?

Seeing that you have a lot of posts related to Polkadot, you'd be the ideal person to answer some of these.. @Zasad@

Sherpax (KSX) is a very interesting project, but it has very little chance if you look at how many users voted for it.
Polkadot is very slow to launch the ecosystem and it can take several months to deploy a project on the Kusama testnet.
The developers promised us the launch of auctions on Polkadot in the 3rd quarter, and soon the 4th quarter.
The very low speed of launching projects is a big problem.
___________________________________________
https://sub0.substrate.io/

"Sub0 Online brings together Substrate developers and learners of all experience levels for two days of in-depth talks and workshops on the blockchain framework for building custom Polkadot-compatible blockchains.

Hear from Gavin Wood, the core developers behind Substrate, as well as teams building innovative Web3 projects using the blockchain framework."

Oct 13-14
https://sub0.substrate.io/program/

__

CalamariNetwork is officially the winner of the 7th parachain auction slot!
https://twitter.com/CalamariNetwork/status/1438124843581517825
https://twitter.com/CalamariNetwork

https://mantanetwork.medium.com/calam-azing-news-we-won-the-parachain-auction-688e9fe0aef0
"On September 15, 2021, at 9:00 GMT, we secured parachain slot 7 after weeks of hard work from both the team and the community. Not only that, but we also broke the record for most contributors to a Kusama parachain auction — over 16,000 contributors to a single project!"
__________________________________________
"We reached the cap snek charmers"
https://twitter.com/bsx_finance/status/1438551919308513284



https://dotmarketcap.com/auction#
There is no doubt that Basilisk will win the 8th slot in the auction of Kusama parachains

https://bsx.fi/
"Basilisk is a liquidity bootstrapping protocol built for Kusama. Its mission is to enable frictionless liquidity for the long tail crypto assets."
https://docs.bsx.fi/

______________________________________
https://twitter.com/kusamanetwork/status/1440610209014038535
"Welcome to the @bsx_finance!
After winning the 8th parachain auction, Basilisk is now being onboarded as my 9th parachain [8-auction winning parachains, plus #Statemine]. Roughly 12,000 network stakeholders locked up KSM in favor!"
https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.polkadot.io#/parachains/crowdloan

There is one very interesting project in current auctions:
https://ksmslot.chainx.cc/

Sherpax (KSX) - which will serve as testing ground for ChainX similar way like Kusama is for PolkaDot.
https://adam-steeber.medium.com/sherpax-9fef490f099c
https://chainx-org.medium.com/chainx-kusama-parachain-sherpax-light-paper-5341ff855c9c




Chainx is becoming so big with its plans and development that such thing is crucial for its future being.
Just read this:
https://chainx-org.medium.com/chainx-an-overview-a418005e54bf

They are also building own decetralized chat app - Comming App - that is like Telegram on steroids - with inbuilt cryptocurrencies support, NFT, digital idendity etc.
https://www.coming.chat/

Upcoming integration with BTC Taproot upgrade is on the way as well building along with NewBTC team -> https://newbtcworld.medium.com/

_________________________________________________
The First Parachains Launch on Kusama
https://polkadot.network/the-first-parachains-launch-on-kusama/


https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.elara.patract.io#/parachains


5 parachains won the auction and Statemint was added via governance
"The first real-world, functioning parachain to launch was Statemine, the Kusama instance of Statemint. As a common good parachain, the slot was granted via governance instead of auction mechanism."
https://polkadot.network/the-first-parachains-launch-on-kusama/
___________________________________________
https://polkadot.network/kusama-parachain-auctions-second-batch/
"The 5 winning projects, in order, were Karura, Moonriver, Shiden, Khala, and Bifrost and each, in turn, are working through their relative launch phases. "

Karura Launch Phases
https://www.notion.so/dcabf9ba7c6246c69b913d5972503227?v=4121894373fd43d98ffcac260803928d

Moonriver Launch Phases
https://moonbeam.network/networks/moonriver/launch/

Shiden Network Roadmap
https://www.notion.so/dc65264053e84b9d97967b0ca364f8dd?v=f57049408c4047ce83509445eb7050cd

Phala-Network Launch Phases
https://github.com/orgs/Phala-Network/projects/11

Bifrost Launch Phases
https://medium.com/bifrost-finance/bifrost-parachain-mainnet-is-live-collator-has-been-upgraded-to-version-0-9-8-weekly-report-62-e5bdd27f51f1




_____________________________________________
https://twitter.com/DotParachains/status/1432783066670448641
"#Parachain Chaos Expected , use your bot to not miss your chance to know about the best offers."


New auctions for parachains started on September 1
Good analytics on the site
https://dotmarketcap.com/
https://parachains.info/auctions

Kusama’s First Batch of Parachains: An Interview with the Teams
https://polkadot.network/kusamas-first-batch-of-parachains-an-interview-with-the-teams/

________________________________________

https://medium.com/kilt-protocol/kilt-wins-kusama-parachain-auction-slot-6-launches-mainnet-a48aed4ed5e0
KILT Wins Kusama Parachain Auction Slot #6, Launches Mainnet
"Our current goal is that these steps would be completed in the next 2–3 months. The milestones outlined in the diagram below will be announced via the alert bar at the top of kilt.io, and on our official Twitter and Telegram channels."

Announcement
https://polkadot.network/kusama-parachain-auctions/


https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.api.onfinality.io%2Fpublic-ws#/parachains/crowdloan



SHIDEN is PLASM NETWORK on Kusama Testnet
If very briefly about the project, then these are level 2 solutions, parachains, they want to make a quick interaction between the ecosystems of Polkadot and Ethereum
https://shiden.plasmnet.io

SDN Token Allocation
https://docs.plasmnet.io/learn/token-economics/sdn-token-allocation

Shiden’s Crowdloan Has Started!
https://medium.com/plasm-network/shidens-crowdloan-has-started-d291c0f73b7

KARURA is ACALA NETWORK on Kusama Testnet
If very briefly about the project, then it is approximately similar to the Maker Dao + Compound on the Polcadot Ecosystem.
https://acala.network/karura

Crowdloan
https://wiki.acala.network/karura/crowdloan

KAR Token Allocation
https://acala.network/karura/token
___
I do not recommend buying Kusama now to participate in auctions because it is too expensive.
This is a testnet that will show us how the polcadot ecosystem will work in the future.