POLKADOT Parachain LAUNCH! Polkadot & Kusama Parachain Auctions News! Polkadot News!
“This is the moment everyone has been waiting for! Polkadot now holds the technical capabilities to implement parachains, auctions and crowdloans.
Starting on Nov 11th to 9th of dec
since the Polkadot whitepaper was introduced over five years ago. The creation of parachains has always been polkadots main objective.
A scalable, customizable and truly decentralized infrastructure for the next generation of layer-one protocols..
The Web3.0 is coming and its coming fast.
But before the WEB 3.0 can launch we need a fully decentralized, interoperable crosschain infrastructure, transacting in a trustless and permisionless way…
YOU KNOW WHAT TIME IT IS!!!
Its time for Polkadot and kusama as they are launching their Parachain auctions right now!!!
The top infrastructure projects, of the future polkadot ecosystem will be competing for a slot..
We’ve already been participating in the first 10 auctions on kusama.. We will continue to do so because its been nothing but homerun…
Kusama, polkadots, wild cousin, has recently implemented the success of 11 parachain slot auctions.
Parachains are uniquely distinctive layer-one blockchain platforms that operate laterally alongside the main Polkadot network. Their purposeful function can be witnessed across a multitude of areas from decentralized finance to smart contracts.
Kusama was launched in order to give the teams building the core Polkadot protocol, parachains and their communities an opportunity to battle-test their tech and teams.
In addition to commending the near-flawless process of the Kusama auctions, the official report also noted that 2.4 million Kusama (KSM) tokens have been contributed by 49,000 uniquely active addresses during the auctions.
The first Polkadot parachain auction of the initial batch is sheduled to begin on Nov. 11 and will continue at a rate of one per week for five consecutive weeks until the final auction on Dec. 9.
The initial bidding period will last for two days, followed by a five-day ending period.
Two unique features of this auction schedule, are; that unlike the immediate of Kusama’s project onboarding after auctions.
Polkadot auctions will be held in transit for a period of one month.
In addition to this in a bid for quality over quantity., there will be a 75% capacity of projects to that witnessed on Kusuma…
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