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The details of individual crowdloan campaigns and the process for joining them will be determined and communicated by the respective parachain teams. Legitimate teams conducting a crowdloan natively on Kusama will NOT ask you to send tokens to their address to participate. However, some teams may choose to conduct a crowdloan campaign using other mechanisms or platforms. A project team who is sourcing the required KSM from its community may choose the type of award, if any, offered to participants for locking their KSM in the event of a winning bid.

The decision on the type of award to offer for a successfully secured parachain slot is completely in the control of the project teams and will not receive any input from Web3 Foundation. A crowdloan conducted natively on Kusama is one that uses the Crowdloan pallet to interact directly with Kusama without the involvement of third parties. Participants in a Kusama-native crowdloan must have a transferable balance not locked for staking, vesting, governance etc.

Teams may also choose to conduct their crowdloan campaign through other methods, including on third party platforms like custodians and exchanges. However, some crowdloan campaigns may take place non-natively using other mechanisms or platforms such as exchanges or custodians. Yes, the current minimum crowdloan contribution is 0. Some teams may also choose to set their own minimum contribution required for receiving rewards. Setting a maximum contribution amount allows teams to place a cap on the rewards that they are willing to offer crowdloan contributors. For example, if a team decides to award contributors with a certain distribution of their native token for every KSM contributed, this allows them to cap the maximum distribution they are willing to make.

Teams may choose to reward contributors or not in any way they see fit, and Web3 Foundation has no input on what those rewards may consist of. Expect Chaos. How Do Teams Participate? Auction Mechanics Parachain slot auctions follow a modified candle auction format, with each auction lasting approximately 1 week. Teams bid by specifying at least one contiguous range of lease periods each lease period is 6 weeks and the amount of KSM they are willing to lock up for the duration of the chosen range.

Open bidding continues for the duration of the auction. Teams can see other bids and increase their bid over time to stay competitive throughout the auction. The winning parachain is automatically onboarded at the start of the lease. The KSM amount that was bid remains locked for the duration of the lease, after which it can be unlocked. Teams can extend their lease by winning another auction before the conclusion of their current slot lease period. Learn more about auctions. Auction Timetable Each auction has an open bidding period of approximately 1 week and assigns a total slot duration of 48 weeks divided into 8 lease periods of 6 weeks each. Full Auction Schedule. Auction Starts Block Bidding Ends Block Ending Period Starts Block Winning parachain s onboarded: Lease Period 22 - Lease Period Winning parachain s onboarded: Lease Period 23 - Lease Period Winning parachain s onboarded: Lease Period 24 - Lease Period Winning parachain s onboarded: Lease Period 25 - Lease Period Winning parachain s onboarded: Lease Period 26 - Lease Period The block numbers listed above can change based on network block production and the potential for skipped blocks.

Click on the block number for an estimate of the date and time. Auction Ending Period Each auction has an ending period that begins approximately 1 day and 21 hours after the start of the auction and lasts until the end of the 1-week bidding period. The team creates a crowdloan campaign, setting a maximum of total allowed contributions and a campaign end date to account for the possibility of losing one or more auctions, a campaign can last for several auctions , and invites their community to participate.

KSM contributions can be submitted throughout the duration of the crowdloan campaign or until an auction is won, up to the maximum amount of contributions set by the parachain team when creating the campaign. If there are enough contributions to win an auction, the chain is automatically deployed at the start of the lease, and the full amount of KSM contributed to the campaign index will remain locked for the duration of the lease. Learn more about crowdloans. Participating in a crowdloan Be part of blockchain history by helping kick start your favorite Kusama parachains.

Learn how to protect yourself. Determine where you will participate. Create a Kusama account. Make your contribution. Have a question about crowdloans? Join the Discord chat. Kraken OKEx Kucoin Important: Note that intermediaries may charge fees to participate in crowdloans on their platform. How to Protect Yourself From Crowdloan Scams Scams are unfortunately a real threat in the blockchain space that requires one to be vigilant.

Essential Rules of Thumb: Never share your seed phrase or account password. Legitimate teams will not ask you to send KSM to an address to participate in a Kusama-native crowdloan. If participating in a non-native crowdloan campaign, always consult the official channels of parachain teams to verify the details of how to participate. Remember that scammers may try to impersonate official channels and team members. Remember that if you are scammed, there is nothing that can be done to recover your funds.

Learn more about avoiding scams. How many total parachain slots will be available? How and when will parathreads be enabled? What happens to the KSM locked up for the duration of the lease? What does a slot lease cost? What is the duration of a slot lease? Do parachains have to bid for the full duration? What happens if a parachain team loses a slot auction? Does the team lose its slot? How can there be multiple teams that win a single auction? How can I follow the status of auctions in progress? Are there other ways of securing a parachain slot besides the candle auction?

Which teams participated in the first round of auctions? What is a parachain slot crowdloan and how can I participate? What are the benefits of participating in a crowdloan campaign? What other options are there? Is there a minimum contribution amount to participate in a crowdloan? Next up is the 80x payout for three of the bust, and you can get 60x for three of the dresser. The coffee pot goes for 40x for three of a kind.

Three of the globe, a staple in these types of auctions, goes for 30x, and you can earn a 20x win for three of the clock symbol. All of these symbols pay for three of a kind only, which is usual for three-reel games. There's a cascade-like feature in this game that we've never seen before in a three-reel game. When you hit a winning combination, new symbols fall into place after the winning symbols disappear, and you can get extra payouts on what amounts to a free respin. What's more is that your payouts on these subsequent respins are hit with a strong 5x multiplier. This means you can get some pretty serious payouts with this feature.

Three of the game flash symbol activates the game flash feature. This either gives you a randomly chosen bonus feature from the three below, or it gives you one of three random cash prizes. It's basically filler to give you even more value that you would have gotten otherwise with better chances to score a bonus feature or instant payout that you wouldn't have received if this symbol wasn't in the game. Three of the coin collector symbol activates the coin collector feature. For the next 20 spins, you'll collect coin symbols that can give you prizes. Each copper coin pays 60 coins, picking up two silver coins earns coins, and getting three of the gold coin will take you to the jackpot flash feature.

These coins are also wild. The antique hunt feature is activated by three of the antique hunt symbol. This is essentially a mini-board game where you get 10 rolls of a die and get to choose different spots to land on to try to find antiques. You can get instant wins for the antiques you collect in this feature, and it's really an atypical way of awarding value since it definitely has a bit of a skill factor in determining which path you'll take throughout the game on the board. Three or more of the auction symbol gets you an auction bonus round.

This is all about selling your items to the highest bidder, and you'll have an interactive experience where each offer for your items will give you payouts. This feature is interesting in that it ties directly into the premise of the game from the standpoint of the person doing the auctioning instead of the person doing the buying, which is what we would have expected instead.

There are different ways to activate the jackpot flash feature, but the basic idea is that you get a random chance at a static payout or one of the two jackpots listed at the top of the screen during regular play. You can win up to coins if you don't hit the regular jackpot or up to 2,x coins if you don't hit the super jackpot in this feature. Auction Day is a really great slot. It has an atypical format, tons of features, top-tier graphics and a matching soundtrack.

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