In the face of market uncertainty in 2021, how to better grasp the times and trends?

Acala will give you the answer.

On January 22, Acala held an online live seminar on "Overview of the Karura Crowdloan & Auction Process" that was unprecedentedly popular, attracting 6010+ viewers around the world to watch in real time. This time, we discussed the differences and advantages between Karura and Acala networks, what is the recommender mechanism for parachain slot bidding, and the process for Karura network to participate in Kusama parachain auctions.

first level title

secondary title

Build an irreproducible AUM asset management barrier through a new DAO operation methodBuild an irreproducible AUM asset management barrier through a new DAO operation method》）。

secondary title

2. KAR reward share percentage

secondary title

3. KSM and KAR reward ratio

Assuming that when a user is willing to lock their KSM for 12 months to support Karura during the bidding process, then the user can get at least 12 KAR for every 1 KSM involved. Why is it the least, because everything is unknown before the end of the parachain slot, and there is a game in slot bidding, and it depends on the participation of users. More importantly, the parachain slot auction adopts a candle auction, and no one knows when the auction will suddenly end.

secondary title

4. Pre-lock situation

secondary title

5. Lock cycle

According to the collection of community opinions, we currently plan to bid for a 12-month slot usage period (the specific time needs to be announced by Polkadot officially, and it is only an estimated period at present). Moreover, about 36% of the users in the survey of the Karura slot auction warm-up activity choose to be willing to lock for 12 months, and even more than 20% of users are willing to lock for 24 months. So actually, more than 50% are willing to lock for 12 months or more.

secondary title

6. Referral rewards

Most of the users in the Karura slot auction warm-up event have filled out the Waitlist questionnaire, and all users who have filled out the questionnaire correctly before will receive an exclusive invitation link afterwards. If the user has a recommendation behavior during the participation process, then we will have an additional 10% KAR reward to the recommender and the referee (5% for both parties), and this invitation link is the referral reward entrance.

For example 🌰 :

Suppose A recommends B to participate in Karura's parachain slot auction, and clicks to participate through A's invitation link. Then when Karura successfully bids for Kusama's parachain slot, B will get X amount of KAR rewards for helping Karura win the parachain slot auction. In addition, A, as a referrer, will receive an additional KAR reward of X*5%, and B, as a referee, will also receive an additional KAR reward of X*5%. In the end, A gets a reward of X*5% KAR, and B gets a reward of X (1+ 5%) KAR.

first level title

secondary title

1. Practicality of KAR

• native network transaction fee

• Transaction fees involved in smart contract DApps

• Deployment Deposit for Runtime Modules

• Deposit for deploying smart contract modules

• secondary title

• ……

• referendum

• referendum

• first level title

• ……
  

The figure above shows the process of going online on the Karura network. Simply put, there are 7 steps:

• Connect to the parachain test network Rococo V1 for related tests (currently at this stage)

• Parachain-related codes will be deployed to Kusama after testing

• Announcing the schedule for the first parachain slot auction

• Kusama will open a crowdfunding module for slot auctions, users can choose to support Karura and lock their own KSM in the crowdfunding module

• Candle auction begins

• When Karura successfully took the slot, the genesis block was born

• first level title

Replay 🔗: https://www.crowdcast.io/e/overview-karura-crowdloan

Polkadot:

• Polkadot:A must-see strategy for beginners: the most complete collection of Polkadot parachains

• Kusama ：DOT or KSM? 9 questions to understand the value opportunity on the eve of Polkadot's ecological explosion

• Bidding science:How to participate in Polkadot Parachain Crowdloan?

• Acala popular science:Acala 2020 panoramic data review

• Research:Teach you how to quickly build projects on Acala

• Tutorial:Acala Mandala testnet TC5 version operation tutorial

• Research:Farewell to the "barbaric era", how does the Polkadot parachain auction bid farewell to the bubble economy vicious circle?

• review:Focusing on Kusama Parachain Lease Offering (PLO), Karura is the first to participate
  

• review:The popularity continues to rise, Karura slot auction warm-up activity review
  

• income:In 2021, how to grasp the maximum benefit of Polkadot ecology?

Acala has not issued any tokens yet, and you cannot currently purchase Acala tokens. Any transaction, giving, mapping transaction is forged. Please refer to the only official channel (Twitter, Medium, WeChat official account) for all token-related distribution and other news. Please be vigilant and tell each other to avoid being deceived. If you find a scam, please report it to the Acala team.

Hereby declare

Acala has not issued any tokens yet, and you cannot currently purchase Acala tokens. Any transaction, giving, mapping transaction is forged. Please refer to the only official channel (Twitter, Medium, WeChat official account) for all token-related distribution and other news. Please be vigilant and tell each other to avoid being deceived. If you find a scam, please report it to the Acala team.

text

About Acala

Acala - the world's first decentralized open financial alliance, Polkadot Ecological Finance Center, aims to create an open financial framework in conjunction with the Polkadot ecosystem, bringing financial stability, liquidity and accessibility to global encrypted assets. Core Layer 1 modules such as the Honzon protocol for cross-chain multi-asset collateralized stablecoins, the Homa protocol for releasing Staking asset liquidity, and decentralized exchanges have been launched. At present, Acala has received official financial support from the Web3 Foundation, and has received investment from several world-renowned institutions including Polychain, Pantera, ParaFi, Hypersphere, Digital Currency Group, CoinFund, 1confirmation, HashKey, etc.