Polkadot & Kusama Parachains

Polkadot and Kusama are two emerging blockchains with an exciting feature known as parachain auctions. Crypto enthusiasts and project developers are finding this to be a promising opportunity, but many wonder what exactly they are. 

Kraken Intelligence has compiled a deep dive “Polkadot & Kusama Parachains Primer” to examine the similarities and differences in these two blockchains in addition to the promise that parachains offer. These auctions serve several purposes, most notably an opportunity for developers to seek funds on a secure blockchain in a cost-effective method. For crypto enthusiasts, it grants them a lower-risk, early access opportunity to fund the potentially next great project. 

In this report, Kraken Intelligence also examines the first five parachain auction winners — Kurara, Moonriver, Shiden, Khala, and Bifrost — and what each project is aiming to accomplish. These projects are funded through a process known as a ‘crowdloan.’ The enthusiasts who loaned their KSM or DOT can be rewarded with the new native token from the auction winner. Kraken Intelligence explains how this dynamic works.

Download this report and you will learn how to participate in this emerging opportunity as well as why this is an important development for the overall health of the crypto industry.  download