How does Crowdloans & Parachain Auctions work on Polkadot and Kusama

How does Crowdloans & Parachain Auctions work on Polkadot and Kusama

...Un Permissioned Candle Auction

Polkadot | Kusama

Teams working on Polkadot and Kusama ecosystem are gearing up to launching their Crowdloans, with an intention to participate in Parachain Auction, and a potential to win a slot so as to launch their individual Parachain for the required duration.

There is a lot to take in, and don’t worry if you’re a bit overwhelmed with the influx of information you can find online.

If I may point you towards a single resource that captures everything in a short succint video with amazing slides, I invite you watch this resource.

In this video, in just 8 min, you’ll learn everything you need to know about Crowdloans, Parachains, and Auctions…

Dan Reecer | VP Growth @ Acala

Dan Reecer is a good story teller, and in 1-slide he captures the entire process from start to finish.

Path to Launch on Kusama or Polkadot

Imagine a scenario where Karura goes through the entire process of Crowdloan, Parachain Auction and has a winning bid.

Karura Wins

Hope you’re curious enough to come learn more and participate in the upcoming Crowdloan and Auction.

For a much deeper dive on Acala, Polkadot, Karura, and Kusama check any of the following channels :

About Acala

Acala is the all-in-one DeFi hub of Polkadot. Acala is an Ethereum-compatible platform for financial applications to use smart contracts or built-in protocols with out-of-the-box cross-chain capabilities and robust security. The platform also offers a suite of financial applications including: a trustless staking derivative (liquid DOT), a multi-collateralized stablecoin backed by cross-chain assets (aUSD), and an AMM DEX — all with micro gas fees that can be paid in any token.

Linktree | Discord | Website | Twitter | GitHub | Acala Wiki | Newsletter

About Karura

Karura is the all-in-one DeFi hub of Kusama. Founded by the Acala Foundation, Karura is a scalable, EVM-compatible network optimized for DeFi. The platform offers a suite of financial applications including: a trustless staking derivative (liquid KSM), a multi-collateralized stablecoin backed by cross-chain assets (kUSD), and an AMM DEX — all with micro gas fees that can be paid in any token.

Linktree | Discord | Website | Twitter | GitHub | Newsletter