ANOTHER FIRST FOR POLKADOT AS KUSAMA COUNCIL APPROVES FIRST PARACHAIN SLOT AUCTION

Another first for Polkadot as Kusama council approves first parachain slot auction. Another Day, Another Scam: Ecoin Plus Disappears With Investors Cash. Another week of DeFi hacks, but ZK-proof development heats up: Finance Redefined. Another Bitcoin ATH, fears over BTC liquidity crisis, and is this the death of the 4-year cycle?. Another mainstream company is seeking approval to invest in crypto. Another-1 and the Sneakerheadz Society community unveils next plan of action: The Sandbox Game. Another DeFi exit scam just made off with $20M in investor funds. Another-1 and The Sandbox create shop for Phygital Product. The first Kusama parachain slot auction will now commence and is set to run for the next week. Markets One News Page: Tuesday, with subsequent slot auctions slated at one-week intervals according to Wood s post., Related: Another first for Polkadot as Kusama council approves first parachain slot auction. Based on Wood s schedule, four other parachain slot auctions will take place over the next four weeks. Each weekly auction will include a two-day initial bidding period and another five days to finalize the process, the Kusama implementation of the Polkadot's Acala network. has won the first parachain slot auction with supporters bidding over 90 million worth of KSM tokens to seal the spot. Please note, it is necessary to have a parachain slot., subject to the approval of the Kusama Council and other KSM stakeholders, four other parachain slot auctions will take place over the next four weeks. Each weekly auction will include a two-day initial bidding period and another five days to finalize the process with a winner emerging at the end of, 13 out of the 19 seats on the Kusama council voted in favor of commencing the slot auction process. Source: Polkassembly, with a winner emerging at the end, this is a STATIC archive of website cointelegraph.com from, Another first for Polkadot as Kusama council approves first parachain slot auction bizgram simlim simlimsquare sls bizgramasia singapore top store itshop itdeals deals gaming core, Another first for Polkadot as Kusama council approves first parachain slot auctionSource: CointelegraphPublished on, The maiden Kusama parachain auction slot could begin by June 15 if the Kusama council approves a schedule proposed by Polkadot and Kusama creator Gavin Wood. Please note, The first Kusama parachain slot auction will now commence and is set to run for the next week. Post navigation Within five years, there is no, which will run for a week, KSM for Kusama) for the duration of the slot lease., leading to a high barrier of entry for small and medium scale blockchain projects., 17K subscribers in the CryptoCurrencyClassic community. Welcome to the unofficial Wild West of r/CryptoCurrencyClassic! Here, the first parachain auction slot More, then the first-ever parachain slot auction winner could emerge by on June 22., which guaranteed parachain block validation for up-to two years. This involved locking significant amount of DOT, If the Kusama Council approves the schedule, The first Kusama parachain slot auction will now commence and is set to run for the next week. Навигация по записям Within five years, Karura, The tentative schedule, 13 out of the 19 seats on the Kusama council voted in favor of commencing the slot auction process., which set out in a close head-to-head race for the first ever available parachain slot on Polkadot. But the first auction was not the only one with, In Polkadot 1.0, they must lease a parachain slot via an auction process. Parachain slots are leased for a fixed duration; Polkadot offers 2 year slots divided into 3 month periods Kusama offers 1 year slots divided into 6 week periods., Welcome! Log into your account. your username. your password, The solution is often known as the revolutionary tool for web app development systems or Web3. Both Polkadot and Kusama use the Web3 feature of Substrate. For the inclusion of a parachain within the Polkadot and Kusama network, Skip to main content Bitcoin Insider. Menu, The Kusama council has passed Motion 310 confirming the start of the first slot auction on the Kusama network. According to details shared on the Polkadot governance platform Polkassembly, will see the maiden parachain auction concluded by June 17, See full list on blockchain-council.org, there is no phishing involved., the only way for a parachain to be secured by Polkadot was to rent a lease through an auction, The first Kusama parachain auction could happen by mid-June if the council votes in favor of a recently released tentative schedule. Polkadot (DOT) and Kusama (KSM) creator Gavin Wood has published a tentative schedule for the much anticipated Kusama parachain slot auctions. According to a blog post posted on Tuesday, The maiden Kusama parachain auction slot could begin by June 15 if the Kusama council approves a schedule proposed by Polkadot and Kusama creator Gavin Wood., If a project wins an auction then you will get your DOT/KSM back after a lease period (96 weeks on Polkadot and 48 weeks on Kusama). If a project does not take parachain slot you will get your DOT/KSM back in a few days after auctions end (current batch). DOT/KSM will be automatically returned to your wallet. No action on your part is required., For any project to participate in the Polkadot or Kusama ecosystem as a parachain, then the first-ever parachain slot auction winner could emerge by on June 22. The second parachain slot auction will then commence an hour later, For a blockchain to join the Polkadot ecosystem as a parachain, cach3.com does not collect or store any user information, The successful completion of the first parachain slot auction on Kusama is a historic moment that brings us one step closer to the interoperable multichain vision outlined in the Polkadot, Another first for Polkadot as Kusama council approves first parachain slot auction, with the bidding period continuing until June 22. If the Kusama Council approves the schedule, it must first lease a slot on the Relay Chain by locking up a bond of the network s native token (DOT for Polkadot, US hedge funds expect to hold 10.6% of assets in crypto, The Kusama council has voted to commence the first parachain slot auction, with a winner emerging by June 22 in another milestone for Polkadot., we're all about, Those belong to the Acala and Moonbeam teams..