We have described the inner workings parachain auctions in our previous article, now we are going to focus on the crowdloans. So, what is a crowdloan and why may you want to participate in the crowdloan instead of bidding directly in the auctions? Auctions recap To just briefly remind what the auctions…

As you probably know, there are multiple projects that would like to become a parachain on either Kusama or Polkadot networks. These projects will benefit from the shared security model provided by the Relay Chain and will be communicating with each other via the XCMP protocol at the same time…

Stability is something that is not certain in the crypto space. Stablecoins came up into this field with the aim of making cryptocurrencies and even the DeFi usable. Without them, it would not be easy to adopt tens of thousands new users and attract them because they fear one thing…

Ethereum is without a doubt the most mature and largest blockchain ecosystem focused on smart contracts. While Ethereum still got the most dApps and developers that are building them, it suffers from big scalability issues that will take a lot of time and pain to solve. …

1. Moonriver has won the 67th parachain auction on Kusama by self-funding Moonriver secured another parachain slot on Kusama by self-funding 7 000 KSM worth $257k. Moonriver already secured its third parachain auction slot, after winning auctions no. 2 and no. 27 in the past. Moonriver was at the lead of the auction 94% of the time, so there was no surprise…

1. Subsocial has won the 37th parachain auction on Polkadot Subsocial has won the 37th auction on the Polkadot network by self-funding 15k DOT worth ~$92k. In the past, Subsocial had secured a parachain slot on Kusama by winning the 16th parachain auction on Kusama. Subsocial will be the second parachain to migrate from Kusama to Polkadot after KILT. Subsocial…

1. Bittensor has won the 65th parachain auction on Kusama Just a week after securing a parachain slot on Polkadot, Bittensor decided to self-fund also a slot on Kusama. By using their own 2050 KSM worth $64k, Bittensor did that. Bittensor is a decentralized, open-source protocol that utilizes blockchain technology and tokenization to create a network for machine learning. Bittensor…

1. HydraDX launched the Omnipool, decentralized swaps are now available The HydraDX Omnipool is finally launched. After almost two years after the LBP event, users can now swap between various cryptocurrencies. At this moment, there are just 3 tradable assets, which are: HDX — a native token of HydraDX DAI — decentralized stablecoin DOT — the main token of the…

1. Pendulum has won the 35th parachain auction on Polkadot Pendulum has won the 35th auction on the Polkadot network by collecting ~300k DOT worth ~$1.4M from 51 contributors. Pendulum has the fastest crowdloan, which was capped in below 3 minutes! Pendulum is a blockchain project that aims to bridge the gap between the traditional financial system and the decentralized…