Crowdloans & Parachain Auctions on Polkadot and Kusama in 8 Minutes | Explainer by Acala

Learn more about Acala at http://acala.network/​​ and on our social channels 👇
Learn more about Karura at http://acala.network/karura

Dan Reecer: https://twitter.com/danreecer_

All Acala Channels: https://linktr.ee/acalanetwork​
All Karura Channels: https://linktr.ee/karuranetwork

Discord: https://discord.gg/6QHVY4X​
Telegram: https://t.me/acalaofficial​​
Twitter: https://twitter.com/AcalaNetwork​
Reddit: https://www.reddit.com/r/acalanetwork​
Acala Ambassador Program: https://acala.hubspotpagebuilder.com/acala-ambassador-program

source

33 Comments

  1. Another question. Can you make a video that dives into what happens if a established parachain end up loosing an auction the 2nd time?

    Could one coin get big enough and buy up all of the slots?

    Im asking because what if other projects keep out bidding you?

    Would that destroy and established project? If they had to turn into a para thread?

    Also, is the only cost of winning the parachain slot the cost of staking?

    After a coin wins the auction. The only payment that is paid to dot or KSM is just staking?

    Pretty much with how much KSM will go up in value. 2-3yrs from now. The orginal staked value of KSM will increase so much. It will grandfather in orginal coins because of how much KSM will cost 2-4yrs from now newer coins will never be able to out bid an orginal

  2. Just so I'm understanding you right; if the bid wins and the funds get locked in for the duration, the DOT/KSM are considered staked and therefore I would earn more DOT/KSM as well as I would earn native token for contributing. Is this correct?

  3. So if you take part in a crowd loan for Karura and contribute, for example, 100 KSM if Karura wins you would receive 100 KSM worth of Karura and your KSM would be locked away for whatever time period stated and you'd get it back in the end?

  4. Thanks for the summary Dan. I don't know if I missed this but, what happens if you support a team that does not end up being the winner of a slot. Is the KSM DOT automatically given back?

  5. Do you know which video would be great to have? A video that concretely shows the process, step by step, "how to contribute to the crowdloan" for community members …
    It would be possible?

  6. This was great, thank you! It’s a LOT to take in so I’m watching it again to really get a better handle on how to best work with DOT and KSM as more projects keep getting built out. Please keep up the great work, sub’d!

  7. Hello, you are a very good storyteller. Tell me I'm a fan of Polkadot and dream of participating in Akala Network, who can participate? Any member or whoever made it to the Whitelist?

Leave a Reply

Your email address will not be published.


*