BITMD
BITMD
BITMD
  • Home
  • Privacy Policy
  • Contact Us
  • Sitemap
  • Cryptocurrency

Polkadot and Kusama parachains are getting their own crowdloan marketplace

  • May 1, 2021
  • Gordon James
Total
0
Shares
0
0
0

As developers and users begin to explore parachains, Polkadot and Kusama parachains are getting their own crowdloan marketplace, this is one of the first pieces of real-world use demonstrating how they might fit into the crypto ecosystem.

A new marketplace will soon be launched in the Polkadot network. The marketplace will enable token holders to lend money and will be available to all projects that issue an ERC-20 token. The crowdloan marketplace is a new project from the L4 labs that plan to launch in the network of Polkadot. The marketplace plans to enable small businesses and entrepreneurs to borrow money from the network of Polkadot and will make it available to all projects that issue an ERC-20 token. ~ ~ ~ Final Thoughts: The goal of these paragraphs is to give you a bit of an idea about how to write a blog introduction for different types of blogs. There is no one way to do so, and it can be

Decentralized swap exchange Bounce Finance will be the first platform to auction Polkadot (DOT) and Kusama (KSM) parachutes, the company said in a statement today.

Bounce is the first decentralized marketplace where @Polkadot and @kusamanetwork crowdfund #parachain via auction.

More information will be announced in the coming days, along with the first candidate projects.

Learn more about #medium: https://t.co/AUz6U4L28G

$AUCTION $DOT $KSM pic.twitter.com/Ia0Grpcyhi

– Bounce (@bounce_finance) April 30, 2021

Need for revival

Polkadot and Kusama are scalable multi-channel networks that theoretically provide high throughput for projects running on their channels.

Users can manage their own blockchains – called parachains, not just tokens like Ethereum – and these teams benefit significantly from Polkadot’s enhanced management, security and collaboration capabilities.

The number of these parasites is limited to 100, meaning that all slots are subject to a community-driven auction process (which decides which project fits into the overall ecosystem).

To obtain a slot, the Parachute candidate must purchase it in a candle-less auction, a type of auction with an unknown end time, via a DOT bid or a KSM token.

Each of Parachain’s 100 available slots is divided into four six-month rental periods, and projects can apply for one or more periods depending on their needs.

And with around 400 projects under construction, besides Polkadot and Kusama, this leads to a shortage of sites in Parashan. This is exactly the problem that Bounce Finance wants to solve.

Decentralised Crowdlands

Candidate projects can post their own DOT or KSM tokens and/or encourage community members to use the DOT or KSM blockchain through crowdfunding.

Community members who participate in crowdfunding for a project they support lock in their DOT or KSM for 6, 12, 18 or 24 months and receive rewards in the form of project tokens and/or other incentives.

Therefore, to attract crowdfunding, project teams need to consider these opportunity costs and offer appropriate incentives. Currently, crowdfunding is offered through centralized exchanges and there is counterparty risk for participants.

Bounce Finance solves this problem, as the decentralized crowdfunding solution offers crowdfunding loans while eliminating third-party risk. The project thus became the precursor to the decentralized crowdfunding sites Kusama and Polkadot.

The first candidate projects and further information on participation will be announced in the coming days.

Gaining an advantage in the crypto asset market

As a paying member of Edge, you have access to a deeper understanding of cryptocurrencies and context in each article.

Chain Analysis

Price snapshots

More context

Join now for $19/month View all benefits

Polkadot and Kusama parachains are getting their own crowdloan marketplace

Do you like what you see? Sign up for updates.

This source has been very much helpful in doing our research. Read more about ksm parachain auction date and let us know what you think.

Related Tags:

polkadot crowdloanpolkadot parachain auction projectspolkadot parachains listksm parachain auction datepolkadot parachain auction whenpolka dot auction date,People also search for,Privacy settings,How Search works,polkadot crowdloan,polkadot parachain auction projects,polkadot parachains list,ksm parachain auction date,polkadot parachain auction when,polka dot auction date,polkadot parachain auction date,polkadot parachain auction dates

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Gordon James

Previous Article
  • Cryptocurrency

Interoperability May Be The Single Biggest Threat to Ethereum’s Dominance – Op-Ed Bitcoin News

  • April 30, 2021
  • Gordon James
Read More
Next Article
  • Cryptocurrency

Binance may be fined in Germany for its stock tokens

  • May 1, 2021
  • Gordon James
Read More
You May Also Like
Read More
  • Cryptocurrency

A year of mass adoption for cryptocurrencies in Brazil

  • Gordon James
  • June 30, 2022
Read More
  • Cryptocurrency

5 Best Crypto Games to Watch in January 2022

  • Gordon James
  • June 29, 2022
Read More
  • Cryptocurrency

Indian INX exchange reportedly plans to list Bitcoin futures ETF

  • Gordon James
  • June 29, 2022
Read More
  • Cryptocurrency

What to expect from the blockchain world in 2022? | Footprint Analytics Annual Report 2021

  • Gordon James
  • June 29, 2022
Read More
  • Cryptocurrency

Footprint Analytics: Will 2022 See the Emergence of GameFi 2.0? | Annual Report 2021

  • Gordon James
  • June 17, 2022
Read More
  • Cryptocurrency

DEESSE Token Sale is Launching on KuCoin

  • Gordon James
  • June 17, 2022
Read More
  • Cryptocurrency

Bitcoin shoots to $44,000 as US inflation hits 7% in December

  • Gordon James
  • June 17, 2022
Read More
  • Cryptocurrency

Arkania Protocol Launch Multi-Chain Launchpad Making IDOs Accessible to All

  • Gordon James
  • June 14, 2022
Table of Contents (Topics Covered)
  1. Need for revival
  2. Decentralised Crowdlands
  3. Gaining an advantage in the crypto asset market
    1. Do you like what you see? Sign up for updates.
Do Read
  • 1
    Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner
  • 2
    Kadena (KDA) Price Skyrockets by 15%: Can it Return to its November ATH?
  • 3
    HSBC Changes Crypto Policy, Now Bars Clients From Buying Stock of Companies That Hold Bitcoin – Finance Bitcoin News
  • 4
    NatWest cuts payment channels to Binance, citing regulatory uncertainty
Read More
  • Today marks the 10-year anniversary of Satoshi Nakamoto’s final message
    • April 26, 2021
  • Ark Wallet Review, Download & Guide [For 2019]
    Ark Wallet Review, Download & Guide [For 2019]
    • September 12, 2021
  • Regulator Warns of Fake Giveaway Cryptocurrency Scams
    • May 21, 2021
  • OG Bitcoiner disses ‘legal tender’ and shares why NFTs are never going away |
    • April 21, 2021
  • Cardano (ADA) Analysis | News | Description
    • August 19, 2021
Recent Posts
  • A year of mass adoption for cryptocurrencies in Brazil
    • June 30, 2022
  • 5 Best Crypto Games to Watch in January 2022
    • June 29, 2022
  • Indian INX exchange reportedly plans to list Bitcoin futures ETF
    • June 29, 2022
BITMD
  • Home
  • Privacy Policy
  • Contact Us
  • Sitemap
The Crypto Doctor

Input your search keywords and press Enter.