What is the Polkadot Slot Auction?

Polkadot Slot Auction is a parachain auction that uses the candlestick auction mechanism to distribute parachain positions on the Polkadot network. To get parachain positions, projects must bid by staking DOT. The project with the most DOTs wins and becomes the Polkadot Parachain. Slots can be rented for 3 months per term, with a maximum term of 96 weeks (2 years).

The auction is divided into two rounds. The first batch is from 11/11/2021 to 16/12/2021. A total of 5 auctions, ie 5 parachains are born, with a duration of 7 days for each auction. The second round will take place from December 23, 2021 to March 10, 2022 with a total of 6 auctions, the duration of each auction is 14 days. The minimum amount for participation in the Parachain auction is 5 DOT.

Here are the 10 most notable projects in this auction round.

Acala network

Acala is Polkadot’s decentralized financial network and liquidity hub. It is a scalable Layer 1 smart contract platform compatible with Ethereum and optimized for DeFi, with built-in liquidity and pre-built financial applications. With DEX Acala Swap, the decentralized stablecoin Acala Dollar (aUSD), DOT Liquid Staking (LDOT) and Acala EVM +, Acala gives developers access to the best of Ethereum and the full power of Substrate.

Total offer

1,000,000,000 ACA

Token Allocation: Founders: 20.25%; Ecosystem: 5%; Reserved (Acala Foundation Treasury): 10.76%; Early Supporters: 18.33%; Supporters: 11.66%; Reward: 34%.

Join here

Moonbeam

Moonbeam is an Ethereum compatible smart contract platform on the Polkadot network that makes it easy to build native interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity Smart Contracts and DApp UI for Moonbeam with minimal changes.

Total offer

1,000,000,000 GLMR

Token Allocation: Seed Funding: 14%; Strategic Funding: 12%; Public sale: 10%; Parachain bond financing: 15%; Parachain bond reserve: 0.5%; Treasury: 0.5%; Long-term protocol and ecosystem development: 15%; Liquidity programs: 8%; Developer adoption program: 4.5%; Key partners and consultants: 4.5%; PureStake Early Backers: 1.4%; Founders and early employees 10%; Future employee incentives: 4.6%.

Astar network

Astar Network is a multi-chain dApp hub on Polkadot that supports the Ethereum Virtual Machine, WebAssembly, Layer 2 solutions and multiple Layer 1 blockchains. Since Polkadot Relaychain does not support smart contracts, Astar dApp developers offer a powerful smart contract platform with scalability and interoperability between multiple virtual machines and Layer 1 blockchains.

Total offer

7,000,000,000 ASTR

Token Allocation: Team: 5%; Institutional Investors: 10%; Marketing: 5%; On-chain DAO: 5%; Protocol development: 10%; Parachain auction reserve: 5%; Existing users (mostly Lockedrop participants): 30%; Parachain auctions: 30%.

Bifrost

Bifrost is the underlying protocol from Polkadot Ecological DeFi, which is also one of the five Kusama parachains in the first batch. The platform wants to be the infrastructure for collateral to provide liquidity. Bifrost has launched a derived vToken for staking and polkadot parachain slot (crowdloan). The team raised $ 2.15 million for fundraising from NGC, SNZ, DFG, CMS, and others.

Total offer

80,000,000 BILLION

Token Allocation: Ecosystem: 50%; Founders and teams: 20%; Seed round: 10%; Private round: 5%; Marketing & Community Building: 3%; Mint drops: 2%; Treasury: 10%.

Manta network

Manta is a private plane built on substrates that supports the entire Polkadot ecosystem. Manta uses zk-SNARK to provide peer-to-peer anonymity, high throughput, and optimal cross-chain interoperability.

In the short term, Manta will be a product that enables powerful private DeFi transactions and AMM style swaps. Manta strives to be the data protection platform for all Web3 applications

Total offer

1,000,000,000 employees

Token Allocation: Early Backers: 16.5%; Strategic Sale: 4.5%; Public sale: 8%; Rewards: 38%; Long-term development funds: 18%; Crew: 10%; Adviser: 5%.

Literature

Litentry is the first decentralized identity protocol on Polkadot, a decentralized identity aggregator that enables the linking of user identities through a feature called Identity Matching. The protocol provides an interoperable, decentralized identity aggregation service to reduce the difficulty of resolving DID agnostic mechanisms. Litentry provides a secure means for users to manage their identities and get dApps in real time credit / reputation from identity holders across different blockchains.

Total offer

100,000,000 LIT

Token Allocation: Binance Launchpool: 3.00%; Seed sales: 8.11%; Strategic Selling: 11.89%; Crew: 15.00%; Parachain auction & ecosystem: 45.00%; Foundation: 17.00%.

Clover finances

Clover Finance is a blockchain infrastructure platform that focuses on cross-chain compatibility for DeFi applications and interoperability between different blockchains. With extensive support for EVM-based applications, developer tools, CloverScan multi-chain wallets and Clover Finance, Clover Finance hopes to bring users the most advanced and seamless multi-chain DeFi experience.

Total offer

1,000,000,000 CLV

Token Allocation: Public Sale: 15%; Private sale: 2.5%; Early supporters: 10%; Crew: 10%; Marketing: 7.5%; Ecosystem incentives: 20%; Parachain offer: 20%; Foundation: 12%; Contributor allowance: 3%.

Efinity

Efinity’s vision is to become an NFT highway built on polkadot. Team Efinity wants to build a global infrastructure for NFT transfers that promotes interoperability between blockchains, develops specific functions for NFT transactions and solves the problems of high gas charges and existing network congestion.

Total offer

2,000,000,000 EFI

Token Allocation: Ecosystem: 35%; Staking & Pools: 15%; Public sale: 5%; Private sale: 15%; Company: 20%; Crew: 10%.

Parallel funding

Parallel Finance is a decentralized money market protocol that enables borrowing and lending within the Polkadot ecosystem. Depositors can both lend and use to get double the return on their invested assets.

Total offer

10,000,000,000 PARA

Token Allocation: Liquidity Mining Rewards: 25%; Team & consultants: 20%; Private investors: 15%; Ecosystem: 15%; Insurance pool: 5%; Crowdloans: 15%; Seed investors: 5%.

Join here

Centrifuge

Centrifuge is the first project that DeFi connects to the real world. Centrifuge is a great opportunity for companies looking to access DEFI’s capital. In contrast, Centrifuge also offers investors more attractive and stable interest rates.

Total offer

425,000,000 CFG

Token Allocation: Rewards and Grants 7.3%, Total Supporters 17.1%, Main Distributors 27%, Early Ecosyterm 8.3%, Development Grants 11.8%, Community Grants 7.1%, Foundation Assets 11.8%, Community Sale 9, 5%.

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