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How to participate in Kusama parachain auction detailed steps



This article mainly uses the example of participating in the Kusama parachain auction to talk about the specific operation process. The operation of the Polkadot mainnet auction will be similar, except that KSM is replaced by DOTKusama: Polkadot’s first network, which basically replicates all of the Polkadot mainnet. function, but the cycle is shorter than the Polkadot main network (such as faster block generation, shorter mortgage unlocking time, etc.), and its pass name is KSM parallel chain slot: the interface for all Polkadot projects to access the Polkadot ecology, The quantity is limited, and the total amount in the next year is estimated to be about 40 slots. Decentralized wallet or escrow wallet. Decentralized wallet refers to users keeping their own private keys. Decentralized wallets that support Polkadot mainly include imtoken and wheat wallet, polkawallet, etc. The operations in this article are mainly carried out in the decentralized wallet. Escrow wallets refer to exchanges and custodian service providers who store assets on their behalf. Mainstream exchanges and cloud wallets are all escrow wallets. They will also launch proxy auction services to help users who are not familiar with decentralized wallets participate in parachain auctions. Auction Auction is mainly operated by the parachain project party. Users do not need to operate directly, but they can pay attention to the auction results, because the results will affect the rewards of the Crowdloan they participate in. Crowdloan means that users lend KSM to the project party to participate in the auction, and get the project party's certificate as a reward. Users need to choose a project to participate in and enter the number of locked KSM tokens. These tokens are still in the user's wallet and only locked on the chain. There is no security risk, but there is no annualized return from mortgage mining. Morgan Creek co-founder: The real test is how to hold BTC and keep it safe for the next 10 years: Morgan Creek co-founder Jason Williams just tweeted: "If you have Bitcoin now, you've done the easy part .The real test is how to hold and secure it for the next 10 years. Bitcoin will reshape everything we know. I really don’t think I’m exaggerating.” [2020/11/7 11: 57:03] The user will receive the project token as a reward, and the specific ratio and lock-up time are determined by the project itself. The main considerations include the time and income of participating in the lockup. Participants need to consider whether the rewards obtained can cover the income of KSM's own mortgage mining. The project may not succeed in taking the slot, and the redeemed KSM may form selling pressure on the market. Project Fundamentals: Project-related information can be accessed at for research. The general project fundamentals research dimensions include: GitHub activity, whether there are mature and available products, whether the technical documents and tutorials are complete, whether the technical community is active, and whether the project community is active. Reward information: You can visit the page to view the organized reward information and evaluate the benefits yourself. Lease Period: What users need to pay attention to is the maximum value of the lease period. The unit of the lease period on Kusama is 6 weeks. The larger the lease period value, the longer your KSM will be locked. Daily profit of 20 times: At 18:00 on March 19th, Jinpanmian invites real-time big V Zhuang Jianchou to be a guest in the live broadcast room of Jinse Finance's "Big Coffee Zero Distance", and will share "How to Use Rocket Tactics to Earn 20 Times in 2 Days", Please pay attention, if you want to join the group to watch the live broadcast, just scan the QR code of the poster to register! [2020/3/19] Hard Cap: The maximum amount of KSM that can be invested. If you want to participate in the crowdfunding of projects with a lower hard cap, you need to participate in the PolkaProject slot section as soon as possible. Various slot bidding tools and data entries can be found. Including centralization and decentralization. You can find all the parachains connected to Kusama in the SubProjects section of PolkaProject, click to view the details of these projects 60 Karura Karura is Acala's forerunner network. Acala is an important DeFi infrastructure in the Polkadot ecosystem, providing Ethereum-compatible support for DeFi projects in the Polkadot ecosystem. Acala consists of the Honzon protocol, a stablecoin that supports cross-chain multi-asset mortgages, and the Homa protocol, which releases the liquidity of pledged assets. It aims to bring stability and improve liquidity to global encrypted assets. Big coffee zero distance | Bao Erye, can we replicate the success of Li Xiaolai? How to seize the halving market? : At 18:00 on March 3, Jinpan invited coin circle KOL Lao Yu Shuobi to be a guest in Jinse Finance's "Big Gaming Zero Distance" live broadcast room, and will share "Bao Erye, Li Xiaolai's success, can we copy it?" How to seize the halving market? ", please pay attention, if you want to join the group to watch the live broadcast, just scan the QR code of the poster to register! [2020/3/3] At present, Acala has received official financial support from the Web3 Foundation, and has received investment from several world-renowned institutions including Polychain, Hashkey, and KR1. Shiden Shiden is a pre-network for Plasm. Plasm is a scalable DApp platform based on Substrate technology, mainly to improve the scalability of Polkadot. The Plasm team is one of the first parachain projects to access the Rococo testnet. Plasm investors include Binance Labs, HashKey Capital, LongHash Ventures, Digital Finance Group, and PAKA Ventures. Moonriver Moonriver is Moonbeam's pre-network. Moonbeam Network builds DApps connected across chains, provides a smart contract platform compatible with Ethereum, and can easily build local interoperable applications. It is powered by the Polkadot network and developed by PureStake. With Moonbeam smart contracts and compatibility with the Ethereum development toolset, bridge-based integrations are available to quickly build decentralized applications that work with users and assets on remote chains. Treasurer Investigation Agency | Under the epidemic situation, how should blockchain companies respond? : Cultivate my armor and walk with you. Under the epidemic, how should blockchain companies respond? At 15:00 this afternoon, Tong Yang, partner of Jinse Finance and Economics, had a conversation with Bella Fang, founder of WBF Exchange, from the Investigation Bureau of Jinse Finance and Economics, and talked about WBF's response measures during the "COVID-19" epidemic. For more details, please click the original link or scan the QR code to enter the group to view. [2020/2/13]Moonbeam investment institutions include CoinFund, IOSG Ventures, Binance Labs, ParaFi, Coinbase Ventures, Fenbushi Capital, D1 Ventures, Hypersphere Ventures, HashKey, Arrington XRP, A195, KR1, Mechanism Capital, Divergence Ventures, Signum Capital, etc. SherpaX SherpaX is the pioneer network of ChainX. ChainX is an asset cross-chain project in the Polkadot ecosystem, which cross-chains external assets such as mainstream BTC into the Polkadot ecosystem, and incubates subsequent derivative financial services. According to the introduction on the official website, the goal of ChainX is to become the asset cross-chain gateway of the Polkadot ecosystem. According to Kristen, the chief operating officer of ChainX, ChainX plans to use 15-20% of the council fund and the entire network computing power (which can dig out ChainX native tokens) to motivate supporters. Voice | Jiang Zhuoer: The core of the expansion debate is how to solve the congestion problem, and it should be expanded in large blocks: LeBit Mining Pool Jiang Zhuoer posted on Weibo today that the core of the expansion debate is how to solve the congestion problem, and the expansion faction insists on Satoshi Nakamoto For the large block expansion route, the Core Party proposed Segregated Witness SW expansion (claimed to have a 4M effect) and Lightning Network. Three years have passed. What is the result? SW expansion only has a weak effect of 1.2MB, and the blocks are still full. The bull market in May immediately became blocked, and the handling fee soared. The lightning network is completely on the street, and no one uses this kind of anti-human + anti-economic products. Core can't solve the congestion problem. The indisputable fact shows that Satoshi Nakamoto is right, and the capacity should be expanded in large blocks. [2019/11/16] Sakura Sakura is Clover's pre-network. Clover is a Polkadot parachain that provides an easy-to-use blockchain infrastructure and creates a one-stop compatible EVM framework for Substrate-based applications. Clover investors include Polychain, Hypersphere, Bithumb Global, and Divergence Ventures. Darwinia Darwinia Crab is Darwinia's leading web. Darwinia Darwin network is a cross-chain bridging network developed based on Substrate, focusing on building future asset interconnection networks, including non-standard asset auction markets, stable currency cross-chain, asset exchange and other fields. Investors in Darwinia include SNZ, Hashkey Hub, Waterdrip Capital, SevenX, Bitrise Capital, Consensus Lab, etc. Khala Khala is Phala's pre-network. Phala Network is a privacy infrastructure on Polkadot. According to the official website, Phala uses the TEE-POW economic mechanism to provide CPU privacy computing power to Polkadot’s parachains, DEFI, DAPP and other private data services. Its core products are confidential smart contracts, Polkadot’s ecological dark wallet, Libra Bridge and Web3 Analytics. At present, the Phala test network has started the TEE mining competition. At present, there are more than 500 TEE nodes in the world providing privacy computing services. Phala's investment institutions include Candaq Group, IOSG Ventures, SNZ, Waterdrop Capital, Coin World, Ruixin Capital, Wuji Chain, Incuba Alpha Co., Ltd., Exoplanet Capital and Blue Mountain Labs. Crust Crust Shadow is a Pioneer Network for Crust. Crust provides a decentralized storage network for the Web3 ecosystem, supports multiple storage layer protocols including IPFS, and provides an interface to the application layer. Crust's technology stack can also support a decentralized computing layer. Crust aims to build a distributed cloud ecosystem that values data privacy and ownership. According to the Crust white paper, Crust will use about 40% of ecological development for Polkadot slot auctions and related expenses, and formulate a complete parachain auction plan before the auction. Equilibrium Genshiro is Equilibrium's pre-network. Equilibrium is a one-stop integrated, interoperable decentralized finance (DeFi) aggregator. Equilibrium users can simply rely on the platform to mortgage cryptocurrencies and earn income, or perform lending and raising funds to provide liquidity Equilibrium's investment institutions include KR1, Signum Capital, Hypersphere, Block Dream Fund, Genesis Block Ventures, CMS Holdings, AU21 Capital, Digital Finance Group, PNYX Ventures, FBG Capital, LD Capital, Crasolum Ventures, and Inception Capital. MathChain MathChain is a Layer 2 parachain developed based on Polkadot Substrate. Relying on MathWallet's million user base, MathChain will focus on blockchain smart wallets and inclusive applications that serve everyone, and become an open source, efficient, and distributed Layer 2 blockchain network through the parachain mechanism. MathChain is a member of the Substrate Builders Program, Web3 Bootcamp. MATH's investors include Fenbushi Capital, Alameda Research, Binance Labs, FundamentalLabs, Multicoin Capital, NGC Ventures and other well-known blockchain investment institutions. Bifrost Bifrost is a Polkadot parachain that provides liquidity for Staking. Users can convert PoS currency into Bifrost vToken through the Bifrost transfer bridge at any time to obtain Staking benefits and liquidity.


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How to participate in Kusama parachain auction detailed steps

This article mainly uses the example of participating in the Kusama parachain auction to talk about the specific operation process. The operation of the Polkadot mainnet auction will be similar.

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