Kraken

Eksplanasyon ng mga Polkadot & Kusama Parachain Auctions


Ang mga parachain slot auction ay gumagamit ngPolkadot at abilidad ni Kusama na bigyan ang mga developer ng mga paraan upang lumikha ng mga bagong crypto assets at desentralisadong mga aplikasyon (dapps) sa tuktok ng blockchain nito.

For a little background, Polkadot (DOT) and Kusama (KSM) are designed around two types of blockchains: 

- Relay Chain – The main network where transactions are finalized.

- Parachains – Custom blockchains anchored to the relay chain that use its computing resources to confirm that transactions are accurate.

To fairly determine which blockchains get to leverage the Kusama or Polkadot relay chains and their distributed computing power, the networks use Parachain Slot Auctions (or ‘Parachain Auctions’ for short). 

In its current state, both the Polkadot and Kusama relay chains can support up to 100 parachains, a number that is flexible and subject to change by governance vote over time. Parachain slot auctions are used as a means to decide which parachain will be connected to the relay chain. 

Of note, if a project does not need to lease a fully dedicated parachain slot, they can temporarily participate (on a block by block basis) with a parathread.

 

Parachain Graphic Image

Paano gumagana ang mga Parachain Auction?


There are many projects that intend to build on Polkadot and Kusama and each of them will need their own parachain slot to build upon. Rather than give the projects with the most funding a parachain slot, the Polkadot team came up with parachain auctions as a method to distribute the available slots in a more equitable manner. 

During a parachain auction, DOT or KSM holders can bond their cryptocurrency to support the project that they believe should receive a parachain slot. In return, the project may commit to airdrop tokens (or provide other rewards) to their supporters.

It is worth noting that, due to the permissionless nature of the protocols, any project may also purchase a parachain slot on the secondary market from anyone who won a slot through auction. 

Parachain auctions use a mechanism called a candle auction to randomize the exact moment the winner of an auction is determined.

 

Mga Candle Auction sa mga Parachain Slot Auction

Sa kasaysayan, ang mga auction ng kandila ay tumutukoy sa pagbebenta ng mga barko noong 16th siglo, kung saan ang isang kandila ay sisindihan sa simula ng isang giyera sa pag-bid, at ang taong may pinakamataas na bid sa oras na mamatay ang kandila ang mananalo ng barko.

Katulad nito, ang mga kasali sa parachain auction ay may tukoy na halaga ng oras upang makapag-bid sa mga proyektong gusto nilang makunan ng parachain slot, at, sa isang pagsisikap upang matiyak ang patas na pag-bid, ang mananalo ay tinutukoy ng random at ina-apply retroactively sa mga proyekto na may pinakamadaming KSM o DOT support.

Kaya, habang magkakaroon ng isang opisyal na pagtatapos ng auction, tinutukoy ng candle auction ang mga random na snapshot sa oras bago ang pagtatapos na tutukoy sa nagwagi sa auction.

Kung matatandaan, ang proseso ng parachain slot auction ay dapat halos kapareho ng Polkadot at Kusama, ngunit inaasahan din ang ilang mga pagkakaiba sa mga maximum slot period at tagal ng auction.

 

 

Crowdsourcing Support for Parachain Auction Bids

In addition to direct participation by a bidding project, Polkadot and Kusama enable blockchain projects to crowdsource support for their parachain slot auction bid. Through this process, (sometimes colloquially called a “Crowdloan”), DOT and KSM holders can bond these assets to the Polkadot or Kusama network to signal support for a particular project. If the project wins, the bonded DOT or KSM is locked by the network for the duration of the parachain slot, after which the tokens are unlocked and may be re-claimed by those who contributed.

 

Difference between Parachain Slot Auctions and ICOs

A key difference between parachain slot auctions and traditional ICOs is that those who contribute DOT or KSM to an auction and receive the project’s tokens via an airdrop may do so without transferring control of their KSM or DOT contributions to the bidding project team or any third party. In an ICO, users funds are sent to the project team who use them at their discretion. 

In a parachain auction, user funds can be returned if the project loses the auction and its campaign ends, or, if the project wins, once their access to the parachain slot expires.

 

Mga Kapaki-pakinabang na Parachain Slot Auction Resource


Kung ikaw ay interesadong matuto nang higit pa tungkol sa Polkadot at Kusama, mangyaring bisitahin ang aming “Ano ang Polkadot?” at “Ano ang Kusama?” na mga pahina.

Handa nang bumili ng DOT o KSM? Tingnan ang aming Paano bumili ng Polkadot at Paano bumili ng Kusama na mga gabay.

Bisitahin din ang aming Polkadot price chart at Kusama price chart.

Nais ng higit pang malalim na impormasyon tungkol sa mga cryptocurrency at mga blockchain project?Kung gayon, bisitahin ang aming Learn Center upang maisulong ang iyong kaalaman sa patuloy na lumalaking lugar na ito.


How to Participate in Parachain Auctions

 

Iniisip kung saan pwedeng sumali sa mga auction ng parachain?
Alamin kung paano sumali sa parachain auctions sa Kraken  

  1. Sign up para sa isang Kraken account
     
  2. Magdeposito o bumili ng Kusama (KSM) o Polkadot (DOT)

     

  3. Mag-navigate upang Kumita ng > Parachains

     

  4. Piliin ang proyekto na nais mong tulungan
     
  5. Ilagay ang halaga ng KSM o DOT upang mag-ambag
     
  6. Piliin ang mag-ambag at kumpirmahin

 

Note: sa oras na ito ang parachain auctions sa Kraken ay hindi magagamit ng mga residente ng US, Canada, Japan at Australia.

 

 


Paano bumili ng KSM at DOT sa Kraken

 

  1. Sign up for a Kraken account

    Enter a valid email address, username and a strong password to protect your account.

  2. Verify your account

    After providing your name, date of birth, country of residence and phone number, you can buy KSM and DOT with other cryptocurrencies. In order to use cash (i.e. USD or EUR), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here. 

  3. Deposit cash or cryptocurrency

    You can fund your account in a number of ways. How you do so will depend upon your location and preferences.

  4. Purchase DOT or KSM!

    Once your account is funded, you’re ready to purchase your first KSM and DOT. At this point, you’ll also have access to our advanced charting tools, 24-hour global client support and the ability to utilize margin trading.


Parachain Auction FAQs

  1. Paano natutukoy ang isang nagwagi ng auction ng parachain?


  2. Ano ang mangyayari sa aking KSM kung ang proyekto na aking sinusuportahan ay manalo sa parachain auction?


  3. What happens to my KSM if the project I support loses the parachain auction?


  4. How much of the token will I get if the project I support wins?


  5. Kailan magsisimula ang trading para sa mga project token?


  6. Will I be able to withdraw my project tokens?


  7. Maari na ba ako mag-deposit ng KSM ngayon?


  8. Can I use my staked KSM to participate in a parachain slot auction?


  9. Wala akong KSM o DOT - Paano ako makakasali?


  10. Maari ba akong sumali sa parachain auction kahit saan?


  11. Saan at kailan maaari kong malaman kung isasama ng Kraken ang isang partikular na proyekto sa isang paparating na parachain auction?


  12. Maaari ko bang i-unbond ang aking KSM bago matapos ang isang parachain auction?


  13. Maaari ko bang kanselahin o i-edit ang halaga ng KSM na i-a-ambag ko sa isang parachain auction?


  14. Will I be able to stake parachain project tokens on Kraken?