Bitcoin Forum

Announcement
https://polkadot.network/kusama-parachain-auctions/


https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.api.onfinality.io%2Fpublic-ws#/parachains/crowdloan
https://i.ibb.co/SvSHTCJ/image.jpg (https://ibb.co/XJH6BRV)


SHIDEN is PLASM NETWORK on Kusama Testnet
If very briefly about the project, then these are level 2 solutions, parachains, they want to make a quick interaction between the ecosystems of Polkadot and Ethereum
https://shiden.plasmnet.io

SDN Token Allocation
https://docs.plasmnet.io/learn/token-economics/sdn-token-allocation

Shiden’s Crowdloan Has Started!
https://medium.com/plasm-network/shidens-crowdloan-has-started-d291c0f73b7

KARURA is ACALA NETWORK on Kusama Testnet
If very briefly about the project, then it is approximately similar to the Maker Dao + Compound on the Polcadot Ecosystem.
https://acala.network/karura

Crowdloan
https://wiki.acala.network/karura/crowdloan

KAR Token Allocation
https://acala.network/karura/token
___
I do not recommend buying Kusama now to participate in auctions because it is too expensive.
This is a testnet that will show us how the polcadot ecosystem will work in the future.

_________________________________________________
The First Parachains Launch on Kusama
https://polkadot.network/the-first-parachains-launch-on-kusama/


https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.elara.patract.io#/parachains
https://i.ibb.co/17D97DX/image.jpg (https://ibb.co/WGbcGbz)

5 parachains won the auction and Statemint was added via governance
"The first real-world, functioning parachain to launch was Statemine, the Kusama instance of Statemint. As a common good parachain, the slot was granted via governance instead of auction mechanism."
https://polkadot.network/the-first-parachains-launch-on-kusama/
___________________________________________
https://polkadot.network/kusama-parachain-auctions-second-batch/
"The 5 winning projects, in order, were Karura, Moonriver, Shiden, Khala, and Bifrost and each, in turn, are working through their relative launch phases. "

Karura Launch Phases
https://www.notion.so/dcabf9ba7c6246c69b913d5972503227?v=4121894373fd43d98ffcac260803928d

Moonriver Launch Phases
https://moonbeam.network/networks/moonriver/launch/

Shiden Network Roadmap
https://www.notion.so/dc65264053e84b9d97967b0ca364f8dd?v=f57049408c4047ce83509445eb7050cd

Phala-Network Launch Phases
https://github.com/orgs/Phala-Network/projects/11

Bifrost Launch Phases
https://medium.com/bifrost-finance/bifrost-parachain-mainnet-is-live-collator-has-been-upgraded-to-version-0-9-8-weekly-report-62-e5bdd27f51f1


https://i.ibb.co/MMYXMK7/Next5-parachains-timeline-5.png (https://ibb.co/D5xq5mQ)

_____________________________________________
https://twitter.com/DotParachains/status/1432783066670448641
"#Parachain Chaos Expected , use your bot to not miss your chance to know about the best offers."
https://i.ibb.co/SX5S7bg/E-JElht-WYAYb-Ee5.jpg (https://ibb.co/Gvnm3yD)

New auctions for parachains started on September 1
Good analytics on the site
https://dotmarketcap.com/
https://parachains.info/auctions

Kusama’s First Batch of Parachains: An Interview with the Teams
https://polkadot.network/kusamas-first-batch-of-parachains-an-interview-with-the-teams/

________________________________________

https://medium.com/kilt-protocol/kilt-wins-kusama-parachain-auction-slot-6-launches-mainnet-a48aed4ed5e0
KILT Wins Kusama Parachain Auction Slot #6, Launches Mainnet
"Our current goal is that these steps would be completed in the next 2–3 months. The milestones outlined in the diagram below will be announced via the alert bar at the top of kilt.io, and on our official Twitter and Telegram channels."

There is one very interesting project in current auctions:
https://ksmslot.chainx.cc/

Sherpax (KSX) - which will serve as testing ground for ChainX similar way like Kusama is for PolkaDot.
https://adam-steeber.medium.com/sherpax-9fef490f099c
https://chainx-org.medium.com/chainx-kusama-parachain-sherpax-light-paper-5341ff855c9c

https://miro.medium.com/max/1400/1*N7uVtl9EuxYiRCc6oyxOBQ@2x.jpeg


Chainx is becoming so big with its plans and development that such thing is crucial for its future being.
Just read this:
https://chainx-org.medium.com/chainx-an-overview-a418005e54bf

They are also building own decetralized chat app - Comming App - that is like Telegram on steroids - with inbuilt cryptocurrencies support, NFT, digital idendity etc.
https://www.coming.chat/

Upcoming integration with BTC Taproot upgrade is on the way as well building along with NewBTC team -> https://newbtcworld.medium.com/

https://pbs.twimg.com/media/E9lp6WBVcAEf5_Z?format=jpg

https://ip.bitcointalk.org/?u=https%3A%2F%2Fmiro.medium.com%2Fmax%2F700%2F1%2AvBz-atmMHp8j7IYzly3jbA.png

Sherpax (KSX) is a very interesting project, but it has very little chance if you look at how many users voted for it.
Polkadot is very slow to launch the ecosystem and it can take several months to deploy a project on the Kusama testnet.
The developers promised us the launch of auctions on Polkadot in the 3rd quarter, and soon the 4th quarter.
The very low speed of launching projects is a big problem.
___________________________________________
https://sub0.substrate.io/

"Sub0 Online brings together Substrate developers and learners of all experience levels for two days of in-depth talks and workshops on the blockchain framework for building custom Polkadot-compatible blockchains.

Hear from Gavin Wood, the core developers behind Substrate, as well as teams building innovative Web3 projects using the blockchain framework."

Oct 13-14
https://sub0.substrate.io/program/

__

CalamariNetwork is officially the winner of the 7th parachain auction slot!
https://twitter.com/CalamariNetwork/status/1438124843581517825
https://twitter.com/CalamariNetwork

https://mantanetwork.medium.com/calam-azing-news-we-won-the-parachain-auction-688e9fe0aef0
"On September 15, 2021, at 9:00 GMT, we secured parachain slot 7 after weeks of hard work from both the team and the community. Not only that, but we also broke the record for most contributors to a Kusama parachain auction — over 16,000 contributors to a single project!"
__________________________________________
"We reached the cap snek charmers"
https://twitter.com/bsx_finance/status/1438551919308513284
https://i.ibb.co/NxCP2q8/E-Gafkr-XMAQHok-Y.jpg (https://ibb.co/fMF5dWh)

https://i.ibb.co/9HVKfPq/image.jpg (https://ibb.co/YBynKgt)
https://dotmarketcap.com/auction#
There is no doubt that Basilisk will win the 8th slot in the auction of Kusama parachains

https://bsx.fi/
"Basilisk is a liquidity bootstrapping protocol built for Kusama. Its mission is to enable frictionless liquidity for the long tail crypto assets."
https://docs.bsx.fi/

______________________________________
https://twitter.com/kusamanetwork/status/1440610209014038535
"Welcome to the @bsx_finance!
After winning the 8th parachain auction, Basilisk is now being onboarded as my 9th parachain [8-auction winning parachains, plus #Statemine]. Roughly 12,000 network stakeholders locked up KSM in favor!"
https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.polkadot.io#/parachains/crowdloan

From what I have read, Kusama is the testnet for Polkadot and the mainnet is yet to be launched. Then why is it that both the tokens are already being traded. DOT is supposed to be the governance token but who is holding all of this DOT and where do the votes happen?

I also tried to check the validator stats but the telemetry link on the official website gave an error. There are plenty of projects but the research behind the founders and teams is way more sketchier than it used to be for ICOs. In case of Ethereum, there was atleast this forum where a lot of people used to hunt for scam teams and tried some level of dissuasion. How is that being done on something like Polkadot?

Seeing that you have a lot of posts related to Polkadot, you'd be the ideal person to answer some of these..:) @Zasad@

You are absolutely correct that Kusama is a testnet for Polkadot.
First, you need to read at least a couple of articles to understand the main differences.
https://medium.com/polkadot-network/kusama-polkadot-comparing-the-cousins-170e4fe6c280
https://medium.com/coinmonks/polkadot-dot-mind-blowing-potential-project-45d359adff53

You can find governance and validators on this service
https://polkadot.js.org/apps/

Polkadot ecosystem and staking
https://bitcointalk.org/index.php?topic=5305730

So what is the main difference between Polkadot and Ethereum?
Ethereum is an open system where anyone can launch any project that can be good or fraudulent.
To launch a project in the Polkadot Ecosystem, you first need to win an auction for a place in the Kusama Ecosystem, complete testing, and then win an auction for a place in the Polkadot Ecosystem. With this approach, fraudulent projects will never join this ecosystem.
If your project is part of the Polkadot ecosystem, then it will automatically be able to interact with other projects in the ecosystem and have the same protection against attacks as the entire Polkadot ecosystem.
The Polkadot ecosystem is currently limited to 100 projects, so the best ones will be there.

You can start a project in "single mode" but then you have to build bridges or interact with ecosystems through other projects.
And the main disadvantage of this is that you will have to solve security issues yourself. You will have to make nodes, pay them a reward, and make sure that they do not do malicious acts.

If you have questions, then ask them.

__________________________

https://twitter.com/dotmarketcap/status/1443137512013119493?s=21
"The crowdloan today has witnessed the spectacular breakout of @altair_network.
The winning result was finalized at block #13305601. Congratulations to their whole team for this success.

Batch 2 has entered the ending period, only 7 days left & we'll know the last winner."

Auction 9: WINNER
https://parachains.info/details/altair
https://twitter.com/altair_network

____________________________
https://composablefi.medium.com/our-picasso-crowdloan-plans-for-future-kusama-auctions-8cda80d71208
"An additional 10% of Picasso’s native token (PICA) supply will be allocated to contributors, on top of the rewards we have announced so far.
Should we not secure the 10th or 11th slot, resulting in an additional crowdloan in the next slot auctions, 5% will be given to contributors who previously staked in our prior crowdloan, and restake the same amount. Additionally, 5% will be distributed to stakers who contribute to the crowdloan after it has reached 100,000 KSM. These bonus rewards would be distributed during the next round of parachain auctions."

__________________________________

https://parallel.fi/networks/kusama.html

https://twitter.com/ParallelFi/status/1445684385823412224
"Parallel-Heiko has officially won the 10th slot auction in the Kusama parachain auctions, with 202K+ KSM and over 12.5K contributions contributed!

Huge Thank You to our community! We are incredibly excited to be a Kusama Parachain and have good news to share:"

https://parachains.info/details/heiko_finance
______________________________________
https://twitter.com/Polkadot/status/1448320451118346240

"Batch 1 - 1 week cadence
• Auction 1: Nov. 11, 2021 - Nov. 18, 2021
• Auction 2: Nov. 18, 2021 - Nov. 25, 2021
• Auction 3: Nov. 25, 2021 - Dec. 2, 2021
• Auction 4: Dec. 2, 2021 - Dec. 9, 2021
• Auction 5: Dec. 9, 2021 - Dec. 16, 2021
For lease period 6 starting Dec 17 2021

Batch 2 - 2 week cadence; with auctions still lasting 1 week
• Auction 6: Dec. 23, 2021 - Dec. 30, 2021
• Auction 7: Jan. 6, 2022 - Jan. 13, 2022
• Auction 8: Jan. 20, 2022 - Jan. 27, 2022
• Auction 9: Feb. 3, 2022 - Feb. 10, 2022
• Auction 10: Feb. 17, 2022 - Feb. 24, 2022

• Auction 11: Mar. 3, 2022, Mar. 10, 2022
For lease period 7 starting March 9, 2022"

To the moon!
_________________________________________
All information about auctions in the Polcadot Ecosystem can be obtained on the official websites:
https://polkadot.network/parachains
https://polkadot.network/auctions
"Each auction takes place over the course of 1 week and assigns a total slot duration of 96 weeks (divided into 8 12-week lease periods)."
Good alternative resources
https://dotmarketcap.com/
https://parachains.info/auctions

https://twitter.com/polkafrancefr/status/1448608554282323969
"Hello and congratulations to Kintsugi
@kintsugi_btc
for 11 parachains on Kusama"

https://twitter.com/DotParachains/status/1448218847123804163
https://i.ibb.co/ZgJ2YxC/FBka-BF1-WQAQZar-T.jpg (https://ibb.co/s1PW6qr)

September 1st, 2021 - October 13th, 2021  ended

Auctions on Polkadot & Kusama Ecosystem
https://parachains.info/auctions#tab-network-kusama

____________________________________
https://apps.karura.network/swap
Bifrost Launches on Karura Swap With Over 200k BNC in Liquidity Mining Rewards
https://medium.com/acalanetwork/bifrost-launches-on-karura-swap-with-over-200k-bnc-in-liquidity-mining-rewards-1ebec8e8ec15
"Trustless trading for the BNC/kUSD pair will go live following a 48-hour period of one- or two-sided bootstrap provisioning on Karura."

Bit.Country Crowdloan is live! Great list of backers and partners such as Acala, team with impressive list of achievements. Definitely looks like one of the best project in current batch.

Official link (not refferal)
https://ksmcrowdloan.bit.country/crowdloan

Crowdloan rewards:
For every 1 KSM contributed, a minimum of 68 NEER is rewarded. (probably will be more in the end)
⚡Bonus Reward 1 — Early Bird
The first 1000 participants will receive an extra 10% bonus.
⚡Bonus Reward 2— Referral
If you refer someone and that person uses your referral code, both parties will receive an extra 5% bonus split (2.5% each) based on referred’s contribution.
For example, if you referred someone who received 100 $NEER from their base reward, Bit.Country will award an extra 2.5 $NEER to you and the referred.
❤️Bonus Reward 3— Land for Your Own Metaverse
Bit.Country will gift you land block(s) if your contribution is qualified. This additional reward will enable you to launch your own metaverse for your friends, families, or communities without breaking the bank.
Reward Distribution
Bit.Country will distribute 30% of the total reward at the Token Generation Event (TGE). The remaining 70%, will be distributed to you linearly over 12 months.
If you were gifted with land blocks(s), Bit.Country will distribute them shortly after the Bit.Country app goes live.

https://twitter.com/kusamanetwork/status/1450168614175268872
"The Kusama Council just passed Motion 377 to schedule the next 48 auctions on yours truly. At block #9,777,777 on Oct. 23, 2021, the 12th auction on Kusama will commence, and continue on a weekly basis for the next 48 weeks."

https://twitter.com/AdamSteeber1/status/1450155413257834501
"People have already crowdloaned 20% of the total $KSM supply and
@Web3foundation
anticipated 25%. Staking is at 42.8%. If it goes < %30, security is "compromised"

today I went to 1 kusama in 2 projects. Let's see what it will give. I think that in any case this is a good idea, because depositing KSM tokens for 48 weeks is already a victory in any case. And also get some tokens of good projects.

does anyone know when the karura slot auction will begin or is the acala/karura slot auction one in the same?

https://parachains.info/auctions/kusama-1-5
Karura has already won its place in the Kusama ecosystem.
Acala is a similar project in the polcadot ecosystem.
Announcement
https://acala.network/acala/join-acala

Follow this thread.
Polkadot - parachain auctions
https://bitcointalk.org/index.php?topic=5367213

_______________________________
Auction 12 started
Auction #12: October 25 - November 1, 2021
https://parachains.info/auctions/kusama-12-15
Most likely the next winner will be https://picasso.composable.finance/
Announcement
https://0xbrainjar.medium.com/picasso-f17705da670e
This is a project for the development of the DeFi ecosystem.
_____________________________________
https://twitter.com/kusamanetwork/status/1455140620952121346
"After winning the 12th parachain auction, Picasso is now being onboarded as my 13th parachain [12-auction winning parachains, plus #Statemine]. Over 10.3K network stakeholders locked up KSM in favor!"

https://parachains.info/details/picasso
Auction 12: WINNER
_______________________________________
Bit.Country Pioneer Auction 13: WINNER
https://parachains.info/details/bit_country_pioneer

"Bit.Country enables everyone to start their own metaverse for their people with the 3D world, NFTs, play-to-earn & build communities to earn, and takes community engagement to a new dimension on web3.0."

209 494 KSM ($89 077 026)   Shocked

metaverse trend is now at the top!

Bit.Country is doing a Community Token sale, if your contribution is 0.2 KSM or more - you're eligible! 1+ KSM contributors get guaranteed allocation.
Take your chance to become an early member of Continuum on Polkadot.
Token price and allocation size are yet to be announced, the deadline for pre-whitelisting is 20th November 2021.

Pre-whitelisting site
https://prewhitelist.bit.country

More details:
https://bitcountry.medium.com/announcement-pre-whitelisting-for-metaverse-odyssey-event-efbb404157a3

Quartz (NFT)  Auction 14: WINNER

https://parachains.info/details/quartz

"A new user-friendly platform for you to test extreme innovation in NFTs and build for the next generation. Built on Substrate, Quartz gives you the most versatile options for discovery and democratization of the NFT ecosystem and marketplaces (with very low barriers for entry)."

54 385 KSM ($18 818 830)

Crowdloan Cap decreases

_________________
Genshiro  Auction 15: WINNER
https://parachains.info/details/genshiro

"Genshiro will be a testing site for our future products before we deploy them on Polkadot — this means Genshiro users get to play with exciting, experimental features before anyone else. They’ll have access to a broader range of crypto assets compared to Equilibrium, less strict margin rules, the Curve AMM, a DEX with derivative contracts on ETFs, stocks, gold, and commodities, and more."
https://parachains.info/auctions/kusama-12-15

AUCTIONS #16-20
 
At the moment, i can say that the SubSocial project will most likely win the first slot. Other projects have not yet started to take part and SubSocial has attracted 17k KSM. I expect that SubSocial will win the first slot with less than 50k KSM.

https://parachains.info/auctions/kusama-16-20

SubSocial SUB 100.4K / 100.4K Completed!
https://i.ibb.co/KynkNbf/FFh-Be3w-WQAY5604.jpg (https://imgbb.com/)
https://twitter.com/SubsocialChain/status/1465993729936871424

https://twitter.com/SubsocialChain/status/1465992325289623554
"We did it! Partying face
Raised 100,420.6061 KSM
From around 12,000 participants
In just one week

Thank you everyone
Community power

This is just the beginning..."

As for me, user who have locked KSM in SubSocial, it's not the best news. As I remember, if project has raised less than 100k, we would have got more then 150 SUB per KSM. So, now we will get 150 SUB.

SubSocial is a great project and to be honest I'm not surprised that they collected all the 100k they wanted to win the slot. I was hoping that they would collect 50k and the reward in the SUB would be more than 150 coins. There were rumors that the project could launch this year and I hope they succeed!

And here we enter a slippery slope. It's almost the end of the bull run, and there are hai all over the place. We have two years to break the DOT. Crowdloan participation falls into the realm of religious faith rather than an adequate assessment of the current state of the ecosystem. For right now we have extremely cumbersome and inconvenient interface of interaction with the ecosystem, several third-party wallets, support of centralized exchanges for participation and a couple of decentralized applications in the canary network whose work, let's be completely honest, causes more surprise than delight. And how else to explain the listing of BNCs on Karura with the lack of ability to deprecate BNCs within the Karura app itself? It's more like early EOS than user-experience, where you go into one app to deposit into another, and do the output back through the other into the first. It's maximally weird. Yes, governance, DAO and all that stuff is of course very important for decentralization. But it would be nice to think about the user, too, wouldn't it? Is it too soon, do we have to be patient a little longer? Well that's why I say that locking in 2 years of DOT tokens is a matter of faith, not an objective assessment of any given project.

The only objective metrics here are the economic metrics of projects entering crowdfunding. And then there is the problem of a HUGE overestimation of the current valuation of projects that have already entered the market. Do the folks at Konomi, Litentry, and Crust really believe that anyone should bear the dots for them if they revalue people at 5-10 times their current market value?

Or do they already know the future price of their tokens? And given the fact that of course none of them will give 100% of their tokens immediately, we get that, purely technically, in order to recoup theirs, the token of an average crowdfunding project must have grown in value 30-40 times by the time of launch on parachain and listing. And now we are in the final stage of a bullrun, I remind you.

Zeitgeist had already started their crowdloan campaign, and this project outstripped even Sakura (I think there might be interesting race for slot). But Zeitgeist doesn't look ineresting for investing. Are there any thoughts about it?

I didn’t count, but it seems to me that the more auctions awaken, the greater the reward will be.
Zeitgeist is in the lead and I think he will win the auction on December 9th.
but it seems to me that 18-20 auctions will not gain more than 25,000 KSM.
Although the participants may not be in a hurry to participate in the auctions, because they are waiting for the results to participate in the last hours.

Pontem Nox Token Generation Event. GET ON THE WHITELIST TO PARTICIPATE

Nox is Pontem's incentivized 'canary' network where code and features will first ship for the Pontem Network.
https://pontem.network/crowdloan-pre-registration

https://images2.imgbox.com/e3/2f/BhAoVUPr_o.png

Diem is blockchain infrastructure for the financial inclusion of Facebook's 2.8 billion daily active users.

Pontem Network cost efficiently maintains Diem interoperability with decentralized applications. Pontem enables product testing in an internationally regulated market through a compliance tooling dev platform to streamline the Diem Association certification processes.
https://pontem.network/
https://pontem.medium.com/

The SherpaX, participant of auction on Kusama, announced that the SherpaX Testnet was officially launched. And they announced airdrop for PCX holders (snapshot was taken on June 5th, 2021). Here you can find a tutorial (https://sherpax.medium.com/tutorial-for-viewing-ksx-snapshot-rewards-via-sherpax-testnet-db9d8249c9de).

Quartz Crowdloan Contributors - The wait is over!

Quartz Rewards $QTZ are on the way to your wallet.
It’s almost 9000 of you. Rewards will be delivered in batches - starting TODAY!
How to unlock your rewards? Details coming soon!
https://twitter.com/Unique_NFTchain/status/1471378259640160256

Integritee team announced (https://medium.com/integritee/introducing-the-integritee-ambassador-program-fc84777ab6f5) Ambassador Program. So there is an opportunity to join. Team plan to reward the most active community members with TEER tokens.

"The treasury will launch two metaverses on the Pioneer map (https://medium.com/bit-country/announcement-check-neer-reward-kaosland-metaverse-additional-rewards-f4e0a634039f) (a more relaxed version of the Continuum map on Polkadot).

Genesis Metaverse
The coordinate of the Genesis metaverse on the Pioneer map is P(0, 0), the origin.
This is the treasury-owned metaverse, our metaverse boss’ team will be responsible for developing it from day one.
Our current plan is to build an abstraction of landmarks from different cultures and a number of civilization milestones from human history.
There will also be facilities such as Thunder.University centers, event centers, clubs, and the first lot of selected user-created experiences.
We will invite strategic partners and outstanding pioneers to join us to co-record the future of human civilization advancement on the metaverse machines."

It is highly likely that Crust Shadow will win the current 19 slot. At the moment the project is ahead of competitors by more than 10к KSM and the candle can burn out at any time.
Estimated Rewards CSM per KSM is currently 2699 CSM / 1 KSM.
https://parachains.info/details/crust_shadow

https://medium.com/polkadot-network/polkadot-2021-roundup-6cbd3b50c50e
"Kusama, meanwhile, now sees sixteen parachains launched and running on its Relay, with a promise of a further five launching in the coming fortnight. For Kusama with just sixteen parachains, over three million KSM has been locked in place for 12 months, that’s 31% of total supply or about one KSM in every three! For more information on parachains, there’s the awesome Parachains.info."
https://parachains.info/
______________________________________________

Auction 21 WINNER
And the slot goes to — Integritee!
https://medium.com/integritee/and-the-slot-goes-to-integritee-a9af40279821
"Winning a parachain on the Kusama Network puts us exactly where we need to be at the start of 2022."

https://parachains.info/details/integritee
"Integritee is the most scalable public blockchain solution for securely processing sensitive business or personal data. Harness the speed and confidentiality of trusted execution environments, combined with the trust of a decentralized network, with Integritee."

There may not be a pleasant story of fraud looming here, if of course it turns out to be true, the researcher of decentralized finance DeFi @zachxbt published a series of tweets in which he accused the fraudster Omar Zaki of hiding behind the pseudonym 0xbrainjar, an anonymous product manager at Composable Finance. I would like to remind you that from November last year to February this year, Composable Finance raised more than $167 million through seed funding, as well as crowd Kusama Parachain auctiond. More than 9,000 participants have contributed to DOT. And continues to participate in this, I think we will soon see the continuation of this story.