The Kusama network continues to push forward with its innovative parachain slot auctions, marking another milestone in Web 3.0 development.
Kusama's 6th Parachain Slot Auction Concludes Successfully
On September 8th at 16:21, Kusama's sixth parachain slot auction concluded, with KILT emerging as the winner by locking 219,999.9 KSM tokens. By 18:27, KILT successfully connected to the Kusama relay chain and began producing blocks as a fully operational parachain.
Motion 350 Passes: 7th Slot Auction Begins
In a swift follow-up, the Kusama Council voted to pass Motion 350 at 18:20, officially initiating the network's seventh parachain slot auction.
Current Top Bidders:
- Calamari (Manta's canary network): 190,490 KSM
- Basilisk: 77,872 KSM
- Altair (Centrifuge's canary network): 47,125 KSM
- Heiko (Parallel's canary network): 35,762 KSM
๐ Discover more about Kusama crowdloans
Kusama's Expanding Parachain Ecosystem
To date, Kusama hosts 7 active parachains:
- Statemine (governance-allocated common good parachain)
- Karura, Moonriver, Shiden, Khala, Bifrost, and KILT (auction-winning parachains)
Network Statistics:
- Total KSM locked in Crowdloans: ~1,749,000 KSM (15.25% of total supply)
- Current staking ratio: 42%
- Total locked KSM (slots + staking): 57.25%
FAQ Section
Q: How does a Kusama parachain auction work?
A: Projects bid by locking KSM tokens in a Crowdloan. The highest bidder wins the slot and operates as a parachain for a set lease period.
Q: What advantages do parachains offer?
A: Parachains gain dedicated blockchain security from Kusama's relay chain while maintaining customization for their specific use cases.
Q: How long does a parachain slot last?
A: Slot leases typically last 48 weeks on Kusama, though durations may vary per auction.
PolkaWorld Community Update:
Join the PolkaWorld community to collaborate on building Web 3.0!
Upcoming Live Stream:
This Thursday at 7 PM, tune into PolkaWorld's็ดๆญ้ขๅ็ดๆญ channel "Polkadot World" for the latest insights.
Resources:
- Learn Substrate: Substrate Developer Hub
- Track Substrate progress: GitHub
- Follow Polkadot developments: GitHub
๐ Stay updated with Kusama's latest auctions
Disclaimer: All content represents the author's views only. Not investment advice.