We’re excited to announce that Acala’s Karura Community secured the primary ever parachain slot on Kusama – Congratulations!
Slot 1 Winner
Karura (KAR) – Described as a Decentralized Finance (DeFi) hub and stablecoin platform for the Kusama community, Karura will function on Kusama as a parachain and goals to host a number of totally different features on its platform, together with a crypto-collateralized stablecoin, an automatic market maker (AMM) decentralized change, entry to liquid staking, and a blockchain suitable with Ethereum’s code.
The candle public sale for the primary parachain slot ended on block 12,096,001 and Karura gained the public sale with a complete quantity of 501,137.6619 KSM bonded to its venture.
The quantity of KAR token rewards per KSM and when they are going to be distributed is being finalized by Karura, we are going to replace this weblog and the Kraken Help Middle when these particulars change into obtainable.
Rewards for supporting parachain initiatives fluctuate per venture. Please see our Help Middle article for an illustrative breakdown of the potential rewards per KSM contributed, proportion of tokens issued to parachain public sale contributors, marketing campaign durations, token vesting schedules and extra. The Help Middle will solely mirror info on at present supported initiatives.
When will Karura be stay?
Probably within the following weeks. We’ll replace this weblog and e-mail all shoppers who contributed when Karura supplies extra particulars.
What occurs to the opposite initiatives I supported that didn’t win?
KSM contributed to different initiatives will proceed to assist the bid of these initiatives to win Slot 2, which is now open. For extra details about the second slot and extra FAQs please see our preliminary weblog.