Kusama (KSM): Parachain Auctions are a GOLDMINE!! 馃

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馃摵Essential Videos馃摵

Previous Polkadot Parachains Video 馃憠 https://youtu.be/KzqLf7Kteuk
First Kusama Video 馃憠 https://youtu.be/mNSuvYaJ2Vg
Parachain Slot Auction Process In Detail 馃憠 https://youtu.be/sxju74QqYuA
Cryptocurrency Tokenomics Tutorial 馃憠 https://youtu.be/ftCaqG7wckg
How To Research Cryptocurrencies 馃憠 https://youtu.be/HCLWDGYnAzk

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– TIMESTAMPS –
0:00 Intro
1:55 Kusama Update
3:39 Parachain Slot Auctions Recap
6:13 Parathreads, Common Good Parachains, Parachains Roadmap
8:38 Parachain Slot Auction Timeline
14:06 How To Participate In Parachain Slot Auctions
15:31 KSM Price Analysis
17:07 Possible Parachain Problems
20:13 Conclusion

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鉀擄笍 馃敆 Useful Links 馃敆 鉀擄笍

鈻 Polkadot.js Browser Wallet Extension: https://polkadot.js.org/extension/
鈻 Polkadot.js Web App: https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Frpc.polkadot.io#/explorer
鈻 Polkadot Projects Waiting For Slot Auctions (Not All): https://polkaproject.com/#/slot
鈻 Parachain Slot Auction Timeline: https://medium.com/polkadot-network/the-launch-of-parachains-78188fcf024f
鈻 Common Good Parachains Explained: https://polkadot.network/common-good-parachains-an-introduction-to-governance-allocated-parachain-slots/
鈻 Kusama Twitter To Keep Up With Parachain Updates: https://twitter.com/kusamanetwork

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馃懆鈥嶐煆獽usama Recap馃懆鈥嶐煆

Kusama was created by Dr. Gavin Wood as a way of testing Polkadot under real economic conditions. Unlike a regular testnet, Kusama exists as its own independent cryptocurrency

In terms of tech, Kusama and Polkadot are basically identical. The two primary differences are that Kusama鈥檚 code is not audited, and all non-transaction related processes are 4 times faster on Kusama

馃檵鈥嶁檪鈥峆arachain Slot Auctions Recap馃檵鈥嶁檪鈥

Regular parachains are acquired through the parachain slot auction process. Like regular auctions, parachain slot auctions involve bidding on a slot using money, in this case KSM or DOT tokens

In contrast to regular auctions, the winner of a parachain slot auction is determined based on a snapshot that is taken at a random time shortly before the auction ends

The difference between ICOs and parachain slot auctions is you never actually give your money or crypto. It just gets locked in the smart contract that connects that project鈥檚 parachain to the relay chain

鉀揚rathreads, Common Good Parachains, And Parachains Roadmap鉀
The primary difference between parathreads and regular parachains is that parathreads can be shared by multiple projects which take turns producing blocks as needed

Once Kusama鈥檚 first common good parachain has been up and running for a day or two with no major issues, Kusama will announce the start of its parachain slot auctions on its website and on Twitter

馃挶Parachain Slot Auction Process馃挶

As far as I understand, Kusama will be announcing its parachain slot auctions just over a week before the first one begins

This is to give enough time for everyone staking KSM to unstake so they can participate in the first parachain slot auction. The KSM unstaking period is 7 days in case you鈥檙e wondering

馃暤锔忊嶁檪鈥岺ow To Pick A Polkadot/Kusama Project For PLO馃暤锔忊嶁檪鈥

An easy way to keep track of which projects will be launching on Kusama is to use the Slot tab of the Polkaproject website. Just note that there are other Kusama projects that are not mentioned here

Once you鈥檝e identified a few Kusama projects that you think have potential, the next step is check what the terms and conditions are for their parachain loan offerings

馃懆鈥嶐煉籋ow To Participate In Parachain Slot Auctions馃懆鈥嶐煉

To actually participate in Kusama鈥檚 parachain loan auctions, you need to have the polkadot.js browser extension wallet and use it with the Polkadot.js web app

馃搳KSM Price Analysis馃搳

It鈥檚 possible that the demand that will be created by parachain slot auctions on Kusama has already been priced in to KSM. Late adopters could still push up the price like mad when they begin however

馃憖Possible Parachain Problems馃憖

There are only two things that could take the wind out of Kusama鈥檚 wings and these are network issues and Polkadot鈥檚 own upcoming parachain slot auctions

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馃摐 Disclaimer 馃摐

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Kusama #KSM #polkadot #parachains #DOT

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