crowdloan campaign

The core team members have 48 month lock-ups when they join, with a 12-month cliff. As the utility of Centrifuge grows, the Centrifuge token will capture the growing value provided to users of the network through each of the utilities described below. This value is primarily captured in the use of CFG for transaction fees, and additionally through its importance in Governance of the network. Interlay will be governed by its community from day 1 — via INTR, Interlay’s governance token. Below is a summary of the Interlay token economy, as described in the token economy whitepaper released by Kintsugi Labs. I was wondering because how I understood my KSM shouldn’t leave my wallet if I contribute it, but I can’t see it in the Polkadot/Substrate Portal anymore.

  • Since then, 11 separate auctions have been conducted in 2 batches.
  • The DOT tokens sourced from the crowdloan will be locked into the parachain slot for the entire lease period .
  • There is no need to raise funds to cover the cost of a parachain slot.
  • These tokens are kept separately on the Relay Chain and not controlled by the project.

If the project is unable to win an auction, the funds are returned to their owner and unlocked. In order to launch the Moonbeam network to Polkadot, the project needs to secure enough DOT to win a parachain slot in the Polkadot slot auctions. To meet this objective, the Moonbeam Foundation hosted a crowdloan campaign on behalf of the network.

Moreover, the attention from the Polkadot community and thousands of retail investors highlights the heightened level of interest in the project's future. Currently, on-chain governance's voting power is determined simply by token holding. This creates serious big whales issues, in which large holders have significant power over the future of a particular protocol.

What Type of Rewards are Offered

By winning a parachain slot auction, your favorite project is one step closer to completing its mission. Once the parachain auction begins, the Crowdloan module will then bid on behalf of the project you supported. This process will continue until the auction is finished and a parachain slot is won.

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We want to integrate other crypto activists in Polkadot ecosystem promotion. The whole community was looking forward to the launch of the first auctions for the Polkadot parachain slot. However, the first parachains are not yet secured to the Polkadot relay chain and the second battle of auctions for the parachain is going to start soon.

Polkadot’s parachain auctions have been one of the most hotly anticipated events in the platform’s history. After the first raft of projects battled it out during November and early December, now the auctions for slots six through eleven are underway. And one of the contenders vying for a slot is Polkadex, the order-book-based DEX built for the Polkadot ecosystem using Substrate. Your DOT tokens will be automatically returned to you when the parachain lease ends after 96 weeks when Pendulum wins the auction. All DOT staked for Polkadot crowdloans are secured by the Polkadot Relay Chain. No worries, head here to learn how to set one up quickly and safely.

What Is a Crowdloan?

Crowdloans are a way for projects to fundraise for a parachain slot on the Polkadot network. An individual can temporarily lock their DOT in exchange for a reward from the project team, often in the form of the project’s native tokens. The contributed DOT are used to help parachain projects launch to the network, and are returned to the crowdloan participant once the parachain lease ends . There are a limited number of parachain slots available on the Kusama and Polkadot networks and auctions for these slots may be incredibly competitive.

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Moonbeam will have a wide array of APIs, assets, bridges, DeFi, and oracles. Being a part of the Moonbeam Network means joining a lively community of forward-thinking projects that are eager to fuel the journey to a multi-chain future. Once auctions begin on Polkadot, new slot auctions are expected to happen every week. When you click contribute for the second time, you’ll end up on a confirmation page that explains the transaction and fees.

Token Use cases

The first crowdloans on polkadot auctions happened in June 2021, and next the Polkadot auctions were announced to start in November 2021. You can also find updated information on crowdloans and the auction process on the Polkadot and Kusama websites. To contribute to a campaign via an off-chain exchange, you will need to carefully follow the instructions on the custodian’s website.

token holders

Crowdloans are trustless and are supported natively on Polkadot, allowing the community to bond their tokens on Project A's behalf for the entire parachain lease duration. This will allow Project A to compete with projects that may have access to greater capital, given the project has sufficient community support. Kusama and Polkadot Parachain slot auctions are among the most widely discussed and anticipated events in the blockchain space. They provide the winning projects with access to innovative multi-chain infrastructure while offering an opportunity for regular audiences to be involved in the vibrant Polkadot ecosystem. Through crowdloan campaigns, anyone can contribute KSM and DOT to support the bids of their favorite projects, and receive their tokens as a reward.

Quartz is the ideal place to jumpstart your plans for building your own NFT ecosystem/marketplace. Your rewards are calculated based on your proportional contribution to the total number of 35,759,931 DOT tokens in the crowdloan. The Moonbeam Foundation has announced a 150 million GLMR token allocation for the Moonbeam Crowdloan. 30% of the rewards will be available to claim immediately once the network launches .


The campaign creation form requires setting a crowdloan cap — the maximum amount a campaign can collect. Both ICE and SNOW will be optimized to be the best cross-chain application layer using ICON’s interoperability technology, Blockchain Transmission Protocol . However, not every project hoping to become a Parachain will have enough DOT on hand to prevail in an auction.

Thank You for Your Contributions

This process will continue until a parachain slot is secured or the auction is over. Once a winning project secures a Parachain slot, crowdloan participants find their tokens locked up for up to two years with Polkadot, and 48 weeks with Kusama. Once Unique Network wins the parachain slot auction, we will launch on the Polkadot Network and start distributing the UNQ tokens to the crowdloan contributors.

  • It looks like you do not hold enough ACS in order to connect.
  • Once a winning project secures a Parachain slot, crowdloan participants find their tokens locked up for up to two years with Polkadot, and 48 weeks with Kusama.
  • The core team members have 48 month lock-ups when they join, with a 12-month cliff.
  • It is not easy to pick any one particular name here – all the parachain projects have their own unique value offering to the ecosystem.
  • By winning a parachain slot auction, your favorite project is one step closer to completing its mission.

Prasannan has been in the blockchain and crypto space since 2013, having been an early adopter who tried to experiment with mining bitcoins from his office using a 44GH/s mining board. The parachains seek to connect fiat rails to the decentralized finance world. As a native token of Pendulum, PEN will power the fiat hub on Polkadot, transactions on Pendulum, as well as governance and staking. It can be used for transaction fees, product fees, and platform liquidity on Equilibrium. Composable is a full technical stack that is driving the evolution of digital assets and DeFi protocols. It enables the unification of functionality, across all blockchain ecosystems.


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Ambassador Program Links and knowledge resources for developers. Kusama is an early, unaudited and unrefined release of Polkadot. Armed with a classical education and an eye for news, Andjela dove head deep into the crypto industry in 2018 after spending years covering politics. The global crypto market cap is $1.18 trillion with a 24-hour volume of $40.91 billion.

Through crowdlending, those who are interested in a project can support it. Crowdloans allow a project to convey its demand and attract new participants. Click on the Crowdloan tab, and you'll see a list of upcoming, ongoing, and completed auctions. Click on Add Account and follow the on-screen instructions until you successfully create an account. If you do not have an account, you can create an account by clicking on the Accounts tab on the homepage. While it was not necessary to complete this step in advance, it saved you time if you did.

A's website (on-chain), the Polkadot.js GUI (on-chain), or a custodian, like Binance or Kraken, are all ways to access a crowdloan. There are no KYC requirements or restrictions for Crowdloans; however, you must have a Polkadot account or tokens to participate. After the lease, all the DOT or KSM tokens are unlocked, so teams don't have to "spend" DOT or KSM at auctions. Therefore, the opportunity cost of not being able to use the bonded DOT or KSM for other purposes is the best way to describe the cost of the lease.

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