Kusama Parachain Auctions Powered by PromoTeamPD + Polkadot (Written by Gavin Wood)

  • Being a low-cost place to hold and transfer KSM (the minimum balance and transaction fees are substantially lower than the relay-chain).
  • The transferral of permissioned fungible assets (such as non-algorithmic stable coins).
  • The permissionless creation, issuance and transferral of both fungible assets and NFTs (non-fungible assets).
Sign up here for a Welcome Bonus

It can be lonely out there

  • The first parachain slot auction begin seven days from Tuesday, noon GMT, in order to allow the members of the Kusama staking community enough time to unstake KSM for their auction bids.
  • Auctions commence back to back with a two day period of initial bidding followed by a five day ending period.
  • Five auctions happen over five weeks with a pause for evaluation of overall network performance before a second batch of five auctions begin in a similar schedule.
  • 2021/06/15, 12:00 GMT: First Kusama Parachain Slot auction commences. Bids may be placed.
  • 2021/06/17, 09:00 GMT: First Kusama Parachain Slot auction ending period begins. Only bids made prior to this point will certainly be considered in the final result. Bids made following this point have a linearly reducing chance of being considered.
  • 2021/06/22, 09:00 GMT: First Kusama Parachain Slot auction bidding ends. No bids may be made on this auction following this point.
  • 2021/06/22, 11:00 GMT: First Kusama Parachain Slot auction winner selected. The auction winner is determined as the highest bidder at some randomly selected point over the past five days.
  • 2021/06/22, 12:00 GMT: Second Kusama Parachain Slot auction commences.
  • 2021/06/29, 12:00 GMT: Third Kusama Parachain Slot auction commences.
  • 2021/07/06, 12:00 GMT: Fourth Kusama Parachain Slot auction commences.
  • 2021/07/13, 12:00 GMT: Fifth Kusama Parachain Slot auction commences.

--

--

--

The leading global digital asset exchange. www.hbg.com | www.huobi.com | Official Telegram https://t.me/huobiglobalofficial

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

StaFi’s rToken and It’s Solution in Minimizing Staking Issues

3 Automotive Consumer Safety Issues Blockchain Will Help Resolve

Announcing the Support of ibTKNs as Collateral

Klaytn Price Prediction 2022 and Beyond — Can KLAY Reach $10?

LAND Token is on Uniswap

DAC Economy Manifesto

How to: Create a free WAX Blockchain Account

Automatic Liquidity Explained

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Huobi Global

Huobi Global

The leading global digital asset exchange. www.hbg.com | www.huobi.com | Official Telegram https://t.me/huobiglobalofficial

More from Medium

AtomicDAO is coming to Moonbeam Network on February 15th, 2022

Capx Liquid to launch on Acala

Moonbeam Network Goes Live on Polkadot! What this means for $DOT & $ETH Interoperability:

In this blog post, I will discuss how Polkadot achieves consensus over a set of agreed on valid…