Kusama Parachain Auctions !

Kusama Parachain Auctions !


 
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“In order to create that community, Kusama has the concept of Parachain Slot Auctions — a market-efficient way of selecting which parachains will be added to the Kusama Relay-chain and have their functionality become a part of the Kusama network.”

 

The time has finally come :D
The first parachain slot auction begin seven days from Tuesday, noon GMT, in order to allow the members of the Kusama staking community enough time to unstake KSM for their auction bids.

 

“The following is the case assuming that no significant and unexpected issues are found with the relay-chain logic.” They said .


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So, finally we have the timetable for the first Parachain auctions !
 
  • 2021/06/15, 12:00 GMT: First Kusama Parachain Slot auction commences. Bids may be placed.
  • 2021/06/17, 09:00 GMT: First Kusama Parachain Slot auction ending period begins. Only bids made prior to this point will certainly be considered in the final result. Bids made following this point have a linearly reducing chance of being considered.
  • 2021/06/22, 09:00 GMT: First Kusama Parachain Slot auction bidding ends. No bids may be made on this auction following this point.
  • 2021/06/22, 11:00 GMT: First Kusama Parachain Slot auction winner selected. The auction winner is determined as the highest bidder at some randomly selected point over the past five days.
  • 2021/06/22, 12:00 GMT: Second Kusama Parachain Slot auction commences.
  • 2021/06/29, 12:00 GMT: Third Kusama Parachain Slot auction commences.
  • 2021/07/06, 12:00 GMT: Fourth Kusama Parachain Slot auction commences.
  • 2021/07/13, 12:00 GMT: Fifth Kusama Parachain Slot auction commences.

YOU CAN FIND MOOORE INFORMATION HERE !

 

 

 

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BertRedd
BertRedd

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BertRedd Journey to the Moon !
BertRedd Journey to the Moon !

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