A lot of people searching over the internet about the Polkadot Parachain Auction List. Several people have many questions n their minds like How to participate in this auction, What is the schedule of the auction and many more. Several websites are taking advantage of this situation they are writing eye-catching headlines to grab the viewers towards it and providing false information which is misleading people.
So here are we to provide you guys with the information about this topic Polkadot Parachain Auction List so that you can get a clear picture in your mind about this topic. If you want to get every piece of information about that topic then I will suggest you read this article till the end.
What Is Polkadot?
Polkadot is a cryptocurrency just like Bitcoin and I know there is no need to give an introduction about bitcoin. Polkadot is climbing the success of stairs you can assume by this that recently it has been almost as valuable as Ethereum. This cryptocurrency is the setup of blockchain. To know more in detail about this click here
What Is Parachain?
This is the fact that makes the difference between Polkadot and another cryptocurrency, the reason is it offers parachains. which is like connected blockchains. These blockchains help to speed up the transactions because due to this there are multiple ways to complete the transaction and by this, there is less chance of network overload.
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How To Participate In The Auction
Those who want to participate in the para chain auction can participate in the auction by bidding KSM tokens in a decentralised candle auction. you can participate on its official website whenever the crowd loan start. there will be a button that will flash on the screen when the crowd loan start. The minimum crowd loan to participate in the auction is 5 DOT.
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Schedule Of The Auction
In this paragraph, I am going to reveal the date of the auction and Polkadot Parachain Auction List. There will be almost 5 rounds of auctions. The first auction will be started on November 11 2021 and will end on November 18 2021. so those who want to participate in it mark the date and be prepared for that day. I know every investor from all around the globe is waiting for that day.
Now I am going to tell you the date of the second round the second auction will start on November 18 to November 25 2021. The third phase will begin on November 25 to December 2 and the fourth phase will be from December 2 to December 9 and the last phase will be from December 9 to December 16. So basically the auction will be between November 11 to December 9 of 2021.
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Till now the project has raised almost 21,831,67 DOT combined. The Acala has raised 11,107,195 DOT and the moonbeam has raised almost 6,256,005 DOT. The Astar has raised almost 1983379 DOT. The parallel Finance has raised 1776821 DOT. In the same way, Clover Finance has raised almost 307389 DOT and Manta network has raised 238191 DOT.
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