polkadot and kusama sidechain auctions

dozerz

dozerz

Well-Known Member
Silver Stacker
kusama is the testnet for polkadot, everything that gets released into polkadot must first go via kusama.

kusama is a test ground and has less strict rules but highly experimental and unstable, eg staking is revoked over in 7 days compared to 28 days on polkadot.

sidechain auctions are about half way through for kusama, effectively you are lending your kusama to the sidechain for x time and will be rewarded with sidechain tokens. karura has completed and the first sidechain to go live https://apps.karura.network/earn

https://polkadot.network/kusama-parachain-auctions-second-batch/

get a wallet here polkadot.js.org

same auctions will be starting on polkadot soon a good time to get prepped. probably a steep learning curve but expect it to be worth your while.
 
Do you think that Acala is the one to run with or hit Moonbeam or possibly dive into both
 
moonriver was a clear winner on kusama and many expect it to do the same.

this is a handy link to watch the auctions in real time, you can also still try on kusama as auctions have continued.

https://parachains.info/auctions#tab-network-polkadot

you can see moonriver returned $6131 per kusama, because it followed its name and mooned :)

expect acala and moonbeam to be the top picks as they have build successful platforms but anything can happen in crypto.
 
I definitely agree with you about 96 weeks being a long time, is that just for 70% of rewards with 30% being available after successful launch?
 
ok acala have made it super easy if you want to contribute to their crowdloan. your dots are still locked for 2 years but you get icdots that can be pretty much used as dots for staking and trading.

20% aca is unlocked at launch and the rest vested and released over 2 years.

once you have the polkadot wallet installed and dots you can just click through, theres 2.5 days left for a 5% bonus, we both get 5% for using my referral link.

i just deposited mine

I just contributed to the @AcalaNetwork Crowdloan to get my piece of the Ethereum-compatible DeFi and liquidity hub coming soon to @Polkadot. Join now to get a 5% ACA bonus when you contribute! https://acala.network/acala/join-ac...93e6f8419559107a513209fc070ef6a5c196711e83b07
 
moonbeam just returned 2x of all the dot loaned and unlocked 25% of the moonbeam tokens, did anyone end up doing this?
 
No i went with Acala, and used all my dot on them, knew i should have gone with Moonbeam. Pretty good return for those that stuck by Moonbeam
 
You must log in or register to reply here.
Back
Top