Phala Network's preparatory network Khala has announced significant upgrades to its Kusama parachain auction strategy, enhancing rewards for participants. The updated approach offers more competitive incentives while introducing exclusive NFT bonuses for top supporters.
Key Strategy Upgrades
Increased Base Rewards:
- Base rewards increased by 20%, now offering 120 PHA per 1 KSM staked (KSM:PHA = 1:120)
- When total KSM staked exceeds 30,000, rewards boost to 50% (150 PHA per 1 KSM)
New NFT Rewards:
- Accounts staking ≥1 KSM receive exclusive "Khala Honor Gem" NFTs
- Current APY exceeds 45% according to Khala Crowdloan portal
👉 Discover how to participate in Khala's Crowdloan
Current Participation Status
As of latest updates:
- Total crowdloan contributions: 20,790.4339 KSM
- Multiple third-party platforms now support participation including major exchanges and wallets
How to Participate
- Visit Khala's official Crowdloan portal
Or contribute through supported partners:
- Exchanges: OKEx, KuCoin, Kraken, MEXC
- Wallets: Math Wallet, imToken, TokenPocket, Atoken
- Other platforms: Polka.js, Nutbox
FAQ Section
Q: What's the minimum KSM required to qualify for NFT rewards?
A: You need to stake at least 1 KSM to receive the Khala Honor Gem NFT.
Q: When will rewards be distributed?
A: All rewards will be distributed after successful parachain auction completion.
Q: Can I increase my rewards after initial contribution?
A: Yes, additional contributions will automatically qualify for current reward rates.
Q: What happens if Khala doesn't win a parachain slot?
A: All staked KSM will be returned to participants if the auction is unsuccessful.
Strategic Importance
This upgraded strategy demonstrates Khala's commitment to:
- Fair reward distribution
- Community engagement
- Sustainable participation incentives
👉 Learn more about parachain auction mechanics
Final Notes
The enhanced reward structure positions Khala as one of the most attractive options in the current Kusama parachain auction round. Participants can expect:
- Higher base rewards
- Exclusive digital collectibles
- Competitive APY compared to other crowdloan options
All adjustments take immediate effect and apply retroactively to existing participants.