Parachain auctions are held on Polkadot to determine which blockchain to connect to the parachain slot. To get a parachain position on Polkadot, projects need to participate in the auction by staking DOT. The project with the most DOTs wins and becomes the Polkadot parachain.
To better understand Parachain and the benefits of a blockchain when being Parachain on Polkadot, please refer to this.
Let’s take a look at the background information of the projects that have won the Parachain auctions on Polkadot at the moment below:
Currently, there are 3 parachain auctions with Polkadot taking place:
- The first auction took place from Nov 11, 2021- Dec 16, 2021 with 5 parachain slots
- The 2nd auction took place from Dec 23, 2021 – Mar 10, 2022 with 6 parachain slots
- The 3rd auction is happening from Mar 12, 2022 – May 30, 2022 with 7 parachain slots
Parachain Auction ( Nov 11, 2021- Dec 16, 2021)
1. Acala
Acala Network became the first project to win the parachain auction from Nov 11, 2021 – Nov 18, 2021
Project overview
Acala Network is a decentralized financial network and primary liquidity provider for Polkadot. Acala is a Smart Contract Layer 1 platform on Polkadot and is Ethereum (EVM) compatible, so the network enjoys high stability and scalability.
Acala is Polkadot’s all-in-one DeFi hub. The platform also offers a suite of financial applications including: DEX Acala Swap, decentralized stablecoin Acala Dollar (aUSD), DOT Liquid Staking (LDOT) and Acala EVM+. Acala allows developers access the best of Ethereum and the full power of Substrate.
Please see more project details here
Auctions & Crowdloans
- Auction 1: WINNER
- Slot #2: leasing December 17, 2021 – October 20, 2023
- Project Auction Info: The project mobilized 24,934 Contributions and received a total of 32,515,980 DOT
- Reward: 1 DOT : 4.61+ ACA
- Reward Pool: 170m of 1b (17%)
-20% of ACA will be available to claim immediately
-80% of ACA will vest/unlock linearly (every block) over a 96 week period
-5% referral bonus
2. Moonbeam
Moonbeam is the 2nd project to win the parachain auction taking place from Nov 18, 2021- Nov 25, 2021
Project overview
Moonbeam (GLMR) is a blockchain, a parachain smart contract on the Polkadot network that is fully compatible with Ethereum. The project was designed with the main purpose of helping to provide scalability to the Polkadot network by implementing a EVM (Ethereum Virtual Machine) virtual server works on this platform.
Moonbeam is the first fully Ethereum Virtual Machine (EVM) compatible parachain on Polkadot.
Moonbeam allows decentralized applications (Dapps) on Ethereum to migrate to Polkadot easily.
Please see more project details here
Auctions & Crowdloans
- Auction 2: WINNER
- Slot #3: leasing December 17, 2021 – October 20, 2023
- Project Auction Info: The project mobilized 48,346 Contributions and received a total of 35,759,259 DOT
- Reward: 1 DOT : 4+ GLMR
- Reward Pool: 150m of 1b (15%)
-30% of rewards will be available to claim immediately (after EVM and transfers are enabled).
-The remaining 70% vesting over the course of the lease (96 weeks) linearly
3. Astar
Astar is the 3rd project to win the Parachain auction taking place from Nov 25, 2021 – Dec 2, 2021
Project overview
Astar is a multi-chain smart contract platform that supports multiple blockchains and virtual machines. Astar Network connects the Polkadot Ecosystem to Ethereum, Cosmos, and all major Layer 1 Blockchains.
Astar Network is a project that aims to become a scalable smart contract platform and support for building dApps or other applications developed in the future, increase scalability for the entire ecosystem of Polkadot.
Please see more project details here
Auctions & Crowdloans
- Auction 3: WINNER
- Slot #4: leasing December 17, 2021 – October 20, 2023
- Project Auction Info: The project mobilized 27,170 Contributions and received a total of 32,515,980 DOT
- Reward: 1 DOT : 102+ ASTR
- Reward Pool: 1.4b of 7b (20%)
-20% bonus if you join before the end of Auction #1
-10% bonus if you participated on Plasm Lockdrop or Shiden Crowdloan on Kusama
-1% referral bonus .
-10% of the reward will be released immediately.
-90% will be unlocked linearly for 22 months.
-Vested tokens can be used for dApp staking
4. Parallel Finance
Parallel becomes the 4th project to win the Parachain auction taking place from Dec 2, 2021 – Dec 9, 2021
Project overview
Parallel Finance is a decentralized money market protocol that provides lending, staking and borrowing within the Polkadot ecosystem.
Depositors can lend and deposit simultaneously to earn a double return on their deposit, and borrowers can mortgage to borrow. This feature is referred to as “leveraged bets”, because users can raise the bet collateral to increase the overall profit.
In addition, when a user’s DOT is staked through Parallel, a reputation determination algorithm is applied to maximize the profit staking on behalf of the user. In the future, projects and individual users will also be able to find their auction loans through Parallel’s interface – a feature called “auction loans”. This feature will give users the ability to stay liquid while their DOT is locked in parachains, it will give projects direct access to the liquidity they need to win in parachain auctions
Auctions & Crowdloans
- Auction 4: WINNER
- Slot #5: leasing December 17, 2021 – October 20, 2023
- Project Auction Info: The project mobilized 4,009 Contributions and received a total of 10,751,519 DOT
- Reward: 1 DOT : 93+ PARA
- Reward Pool: 1.25b of 10b (12.5%)
– The tokens rewarded will be vested linearly across a two year time frame
– Up to 40% bonus when you contribute early to Parallel’s crowdloan (before Nov 10, 2021)
– 1,000 NFTs to 1,000 randomly selected contributors. These NFTs will have utility on Parallel’s platform
-5% referral bonus
5. Clover Finance
Clover becomes the 5th project to successfully auction parachain from Dec 9, 2021 – Dec 16, 2021
Project overview
Clover Finance is a DeFi service platform built on Polkadot, based on EVM-compatible Substrate and interoperable between chains.
The Clover Network provides a full-service multi-chain decentralized finance (DeFi) bridge. It provides a flawless, smooth portal for all DeFi users. With Clover, developers can not only easily develop and use DeFi, they can also create decentralized applications (DApps) that work on blockchain
Please see more project details here
Auctions & Crowdloans
- Auction 5: WINNER
- Slot #6: leasing December 17, 2021 – October 20, 2023
- Project Auction Info: The project mobilized 5,465 Contributions and received a total of 9,752,487 DOT
- Reward: 1 DOT : 20+ CLV
- Reward Pool: 200m of 1b (20%)
-28% immediate release on project parachain launch
-72% monthly release over next 23 months after launch
-Gachapon ticket (1 ticket per contributed DOT) to draw special NFT named LUCKY
Parachain Auction ( Dec 23, 2021 – Mar 10, 2022)
6. Efinity
Efinity becomes the 6th project to win the Parachain auction taking place from Dec 23, 2021 – Dec 30, 2021
Project overview
Efinity is an NFT publishing platform built by Enjin (ENJ), game project and NFT is well known on Ethereum.
Efinity Token (EFI) was built to solve the problems of gas fees and congestion. Efinity offers world class scalability, currently testing mint at 20M NFT/transfer per second.
Besides NFT support, Efinity is also building many solutions to expand Polkadot ecosystem, including Paratoken token standard, cross-chain bridge to circulate NFT between Ethereum and Polkadot, an NFT trading marketplace for Polkadot and other initiatives to help Polkadot keep up with metaverse trends.
Enjin, the creators of the ERC-1155 NFT standard, is developing Efinity, a next-generation blockchain to serve as the infrastructure of the decentralized metaverse.
Auctions & Crowdloans
- Auction 6: WINNER
- Slot #7: leasing March 11, 2022 – January 12, 2024
- Project Auction Info: The project mobilized 8,608 Contributions and received a total of 7,695,377 DOT
- Reward: 1 DOT : 26+ EFI
- Reward Pool: 200m of 2b (10%)
-EFI tokens will be vested linearly over the 2-year period
-The top 250 Crowdloan contributors will receive an NFT. An additional 250 NFTs will be randomly distributed to lucky participants
7. Composable Finance
Composable Finance becomes the 7th project to successfully auction Parachain from Jan 6, 2022 – Jan 13, 2022
Project overview
Composable Finance is a cross-chain bridge solution built to solve the fragmentation situation between protocol layers in a blockchain as well as between blockchains.
Composable promises to allow developers to deploy applications on multiple blockchains and on their Layer 2 simultaneously, thereby promoting interoperability between multiple blockchains and increasing value transfer efficiency.
Auctions & Crowdloans
- Auction 7: WINNER
- Slot #8: leasing March 11, 2022 – January 12, 2024
- Project Auction Info: The project mobilized 9,014 Contributions and received a total of 6,075,487 DOT
- Reward: 1 DOT : 2.6+ LAYR
- Reward Pool: 16m of 100m (16%)
-25% of LAYR will be available to claim immediately
-75% of LAYR will vest/unlock linearly over a 1.5 years
-5% bonus for staking in the first 24 hours
-5% bonus to those who previously contributed KSM to Picasso Crowdloan
-10% bonus to stakers first three days of crowdloan
8. Centrifuge
Centrifuge becomes the 8th project to win the parachain taking place Jan 20, 2022 – Jan 27, 2022
Project overview
Centrifuge Chain is the gateway for real-world assets to the Blockchain. The project built Centrifuge Chain on Substrate Parity with an initial bridge to Ethereum. This allows Centrifuge to move faster and use a consistent approach for certain features.
Centrifuge can develop a standardized bridge to Ethereum that can be reused by other projects, thus increasing interoperability. The Substrate structure allows Centrifuge to easily mine into the Polkadot ecosystem and connect to other blockchains that support the standard.
The project will create a larger ecosystem of many connected blockchains – where Ethereum dapps can consume data from other chains, value can move freely, and Centrifuge can enable Off-chain assets accessing financing through DeFi
Auctions & Crowdloans
- Auction 8: WINNER
- Slot #9: leasing March 11, 2022 – January 12, 2024
- Project Auction Info: The project mobilized 15,293 Contributions and received a total of 5,435,161 DOT
- Reward: 1 DOT : 12+ CFG
- Reward Pool: 65.7m of 430m (15.28%)
-20% of CFG will be available to transfer immediately
-80% of CFG will vest linearly over a 96 week period
-5% bonus if you contributed to Altair crowdloan
-5% bonus if you contribute more than 5 000 DOT
-10% bonus if you contribute DOT in the first 72 hours
-10% ref bonus (split 5% to referrer & 5% to referred)
9. HydraDX
HydraDx becomes the 9th project to successfully auction parachain from Feb 3, 2022 – Feb 10, 2022
Project overview
HydraDX is a cross-chain liquidity protocol managing all assets in one shared liquidity pool. It is powered by Substrate and designed to be interoperable with other networks, including Ethereum-based assets.
HydraDX is built as a parachain – the specialized blockchain within the Polkadot network, benefiting from the shared security, speed, and flexibility of the Substrate framework while being optimized for a single purpose: enabling fluid programmable value exchange.
Please see more project details here
Auctions & Crowdloans
Auction 9: WINNER
- Slot #10: leasing March 11, 2022 – January 12, 2024
- Project Auction Info: The project mobilized 5,328 Contributions and received a total of 2,462,543 DOT
- Reward: 1 DOT : 12.5+ HDX
- Reward Pool: 1b of 10b (10%)
-Contributions made before HydraDX is leading the race by 15% will receive between 280 and 125 HDX per DOT.
-Contributions made after HydraDX is leading the race by 15-25% will start dropping linearly.
-Contributions made after HydraDX is leading the race by 25% will receive between 28 and 12.5 HDX per DOT.
10. Interlay
Interlay becomes the 10th project to successfully auction Parachain from Feb 17, 2022 – Feb 24, 2022
Project overview
Interlay is a cross-chain bridge that allows the connection of Polkadot with Bitcoin. The project will create a version of the BTC token on Polkadot called interBTC, from which users can use the world’s largest cryptocurrency across Polkadot’s expanding ecosystem.
To interact with external blockchains like Bitcoin, Polkadot needs to use bridging Parachains that provide two-way compatibility – BTC-Parachain for example. Here, when InterBTC is created on Polkadot, they become BTC-Parachain and inherit the security of relay chain and DOT’s interoperability with other Parachains.
Auctions & Crowdloans
- Auction 10: WINNER
- Slot #11: leasing March 11, 2022 – January 12, 2024
- Project Auction Info: The project mobilized 11,644 Contributions and received a total of 2, 75,954 DOT
- Reward: 1 DOT : 22.71+ INTR
- Reward Pool: 100m of 1b (10%)
-30% available when transfers are enabled
-70% vests linearly over 96 weeks
-2.5% bonus if you contributed to Kintsugi crowdloan (must use the same account)
-10% bonus if contribute before start of Auction #6
-10% bonus if you contribute more than 50 000 DOT
-10% (split 5% to referrer & 5% to referred)
11. Nodle
Nodle becomes the 11th project to win Parachain from: Mar 3, 2022 – Mar 10, 2022
Project overview
The Nodle Network is a decentralized interconnection network and payment infrastructure for the Internet of Things.
Nodle has built a powerful energy-efficient Bluetooth network to help companies and cities connect to and collect data from their devices, sensors, and tags.
With Bluetooth Low Energy (BLE) technology, Nodle Network is designed to support connection of any wireless protocol, such as Wi-Fi and CBRS.
In addition, users can use Nodle Network to relay any kind of data, similar to Bluetooth Low Energy devices or 5G network services. Nodle is used for a variety of scenarios, from simple connectivity services to specialized use cases like tracking user assets. Nodle Network brings together Contributors – supply side representatives, Subscribers – demand side representatives, to create a connected economy.
Anyone with a smartphone can help build the network and get rewarded with Nodle Cash (NODL) for providing BLE (Bluetooth Low Energy) connectivity to nearby devices and sensors.
Auctions & Crowdloans
- Auction 11: WINNER
- Slot #12: leasing March 11, 2022 – January 12, 2024
- Project Auction Info: The project mobilized 4,723 Contributions and received a total of 2, 475,528 DOT
- Reward: 1 DOT : 20+ NODL
- Reward Pool: 850m of 21b (4.05%)
-30% will be unlocked immediately when the Nodle parachain launches
-70% will vest over the duration of the lease (96 weeks) on a per block basis
-An exclusive matrix-inspired “Decentralized” NFT will be rewarded to the 10 000 highest contributors.
-10% extra rewards if you contribute in the first two weeks
-10% referral bonus (split 5% to referrer & 5% to referred)
Parachain Auction ( Mar 12, 2022 – May 30, 2022)
12. Equilibrium
Equilibrium becomes the 12th project to win parachain from Mar 12, 2022 – Mar 19, 2022
Project overview
Equilibrium (EQ) is a Defi Ecosystem that includes various Defi products. It was developed by the team behind Stablecoin EOSDT (Stablecoin minted by collateralizing EOS).
Equilibrium was born with the goal of becoming a decentralized cross-chain currency interactive marketplace, combining lending with synthetic asset trading on the Polkadot platform. It allows users of Lending & Borrowing, Yield Farming, to create and Trade Synthetics on a decentralized exchange.
Auctions & Crowdloans
- Auction 12: WINNER
- Slot #13: leasing March 12, 2022 to January 15, 2024
- Project Auction Info: The project mobilized 970 Contributions and received a total of 625, 505 DOT
- Reward: 1 DOT : 200+ EQ
- Reward Pool: 1.1b of 12b (9.17%)
-10% of entire allocation available immediately upon the parachain launch
-90% rewards will be vested linearly over the course parachain lease period (~2 years).
-100 EQ : 1 DOT bonus to PLO1 revoters
-200 EQ : 1 DOT bonus to xDOT revoters
-50% early bird bonus till March 20, 2022, at 11:59 PM UTC
-14% referral bonus (7% for referrals / 7% for referrers)
13. Phala Network
Phala Network becomes the 13th project to win Parachain from Mar 24, 2022 – Mar 31, 2022
Project overview
Phala Network is a privacy-preserving cloud service, based on Substrate and will act as a Parachain of Polkadot ecosystem to provide computing power equivalent to existing cloud services and protect the privacy of managed programs.
Phala is known for its exceptional security features and its innovative “Blockchain + security” architecture. However, data privacy is just one of the basic features mentioned of Phala Network. Phala Network’s vision is to be the world’s largest P2P computing network i.e. a standard decentralized computing cloud based on Web3.0
Please see more project details here
Auctions & Crowdloans
- Auction 13: WINNER
- Slot #14: leasing March 31, 2022 to January 15, 2024
- Project Auction Info:The project mobilized 1,685 Contributions and received a total of 610,759 DOT
- Reward: 1 DOT : 24+ PHA
Reward Pool: 100m of 1b (10%)
-15% will unlock immediately
-85% will be linearly vesting for 96 weeks
-Contributors from previous Khala and Phala crowdloans will have a 10% extra reward.
14. Unique Network
Unique Network is the 14th project to win Parachain from Apr 5, 2022 – Apr 12, 2022
Project overview
Unique Network is the first NFT chain for Polkadot and Kusama giving more flexibility to anyone looking to build their own video game or gallery. Unique Network is unique in that: in addition to having basic features such as: Mint (mint), Wallets (wallet), Marketplace (trading market), and Smart contracts (smart contracts); it also has advanced features such as: flexible economic model, multiple formats (video, 3D, code,…), NFT interoperability (EVM,…), or ownership structure (lending, To share,…).
Because it is a strong and flexible 3rd generation blockchain ecosystem, Unique has real interoperability, and because it is a Parachains system, Unique is economical and flexible in terms of transactions. It is also capable of easy blockchain innovation; general confidentiality, independent governance and economics; decentralized governance capabilities are managed.
Auctions & Crowdloans
- Auction 14: WINNER
- Slot #15: leasing June 4, 2022 to April 8, 2024
- Project Auction Info: The project mobilized 3,592 Contributions and received a total of 822,943 DOT
- Reward: 1 DOT : 5.28+ UNQ
- Reward Pool: 150m of 1b (15%)
-UNQ rewards will be vested linearly over the course parachain lease period (~2 years)
-5% community bonus rewards (NFT Holder, Quartz Crowdloan Contributor etc.)
-10% referral bonus (5% for referrals / 5% for referrers)
15.Litentry
Litentry becomes the 15th project to successfully auction Parachain from Apr 17, 2022 – Apr 24, 2022
Project overview
Litentry (LIT) is the first decentralized identity protocol in the Polkadot ecosystem. The fundamental element of the Litentry network is privacy. The Litentry project highlights the sensitivity so as not to violate the anonymity of blockchain users.
Litentry executes cross-chain transactions, aiming to become the Parachain of the Polkadot Network. It handles service requests from Litentry users, who say it is a security-focused project, via DID (decentralized identifier).
Auctions & Crowdloans
- Auction 15: WINNER
- Slot #16: leasing June 4, 2022 to April 8, 2024
- Project Auction Info: The project mobilized 3,463 Contributions and received a total of 943,842 DOT
- Reward: 1 DOT : 8+ LIT
- Reward Pool: 20m of 100m (20%)
-LIT rewards will be distributed linearly in each block (96 weeks)
-The compensation ratio in case of failure is 0.12 LIT per 1 DOT
-10% ref bonus (split 5% to referrer & 5% to referred)
16. Polkadex
Polkadex became the 16th project to successfully auction Parachain taking place from: Apr 29, 2022 – May 6, 2022
Project overview
Polkadex Orderbook is a non-custodial, peer-to-peer trading platform that merges the benefits of both centralized and decentralized exchanges into a next-generation decentralized product suite. Thanks to Polkadex’s unique tech architecture, users get the best of both CEX and DEX worlds while trading trust-lessly on Polkadex.
Additional functionality of Polkadex includes PolkaIDO, a revolutionary, fully on-chain IDO platform to make IDOs fairer and more transparent, fungible assets for teams that want to mint their native tokens, NFTs and other features down the line. The goal of Polkadex is to bring masses to DeFi through products that can be used by novice and professional crypto traders, institutions and blockchain project teams.
Auctions & Crowdloans
- Auction 16: WINNER
- Slot #17: leasing June 4, 2022 to April 8, 2024
- Project Auction Info: The project mobilized nearly 973,324 DOTs from 2313 contributors
- Reward: 1 DOT : 2+ PDEX
- Reward Pool: 2m of 20m (10%)
-25% available when transfers are enabled
-75% vests linearly over 96 weeks
-Top 1 000 contributors will receive utility-based Polkadex NFT
*Currently auctions are still going on this month to find out the 18th project (taking place May 11 – May 18, 2022), the 19th project (taking place May 23 – May 30, 2022) becomes Parachain on Polkadot. Some projects are being auctioned such as: OriginTrail Parachain, Bifrost Polkadot, Coinversation, Geminis Network, Totem KAPEX
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