Polkadot Parachain auctions and crowdloans

[Athanasios]

Will someone participate in Polkadot Parachain auctions and crowdloans and whats your thoughts...!?

On 11. November will start, Moonbeam, Acala, Astar, Clover...

As we all know how Kusama and Moonriver went well...

 

[Sandman_]

I don’t understand I understand staking but what is this ?

 

[Athanasios]

It is something like pre-launch, you need to participate with some DOT coins. Those invested coins will be locked for some time, but you'll get some rewards for that particular coin/token (it should be good amount of rewards, also the price of that coin could rise high...), and later. your previously invested DOT coins will be yours again...Anyhow it has more about it...

 

[Pranto]

I don’t understand I understand staking but what is this ?

same here

 

[Pranto]

It is something like pre-launch, you need to participate with some DOT coins. Those invested coins will be locked for some time, but you'll get some rewards for that particular coin/token (it should be good amount of rewards, also the price of that coin could rise high...), and later. your previously invested DOT coins will be yours again...Anyhow it has more about it...

well thanks I'm staking my dot coins at 11.5 APY on binance so don't have anymore to participate

 

[Athanasios]

More to read on their website: https://parachains.info/auctions

I get it Pranto it is usually 5 DOT coins to get in but in some is 1 minimum...

Just sharing some Infos...It is a good opportunity!

 

[LootBox]

So if i staked in the wrong thing on binance do i get nothing?