THELOGICALINDIAN - Acala Network and Moonbeam attending acceptable to win slots in Polkadots parachain auctions afterwards accepting ample crowdloans
Moonbeam and Acala Network accept aloft a accumulated absolute of $882 actor to bid in Polkadot’s accessible Parachain auctions.
Polkadot Projects Await Parachain Auctions
Moonbeam and Acala Network attending set for Polkadot’s parachain auctions.
Data from DotMarketCap shows that aloof beneath 100,000 Polkadot investors accept collectively contributed $1.108 billion in DOT tokens against the top 13 parachain candidates advanced of the aboriginal annular of auctions activity alive tomorrow.
Acala Network and Moonbeam, two of the best accepted projects in the Polkadot ecosystem, are currently arch the army loans race, and accordingly attending acceptable to defended slots during the accessible auctions.
Polkadot affairs to accomplish interoperability by hosting assorted parachain networks. It affairs to abutment 100 parachains. As the cardinal it can host is limited, teams charge bid in auctions to win a slot. The bargain action involves staking DOT, which teams accession through crowdloans. In barter for the loans, teams accolade contributors with tokens.
According to DotMarketCap, Acala is the top parachain contender. So far, it’s aloft 11.1 actor DOT tokens account $566 million. Moonbeam, meanwhile, has anchored about 6.3 actor DOT account about $316 million.
Notably, both Acala and Moonbeam will be accordant with the Ethereum Virtual Machine. Moonbeam is a acute arrangement development belvedere architecture for the multi-chain future. Acala Network is developing a decentralized accounts ecosystem including a stablecoin, staking derivatives, and a decentralized exchange.
Other projects that accept aloft cogent amounts of DOT tokens accommodate Astar, Parallel Finance, Clover Finance, and Manta Network. Per the auction schedule provided by Polkadot, bristles circuit are set to booty abode account amid Nov. 11 and Dec. 16.
Disclosure: At the time of writing, the columnist of this affection endemic ETH and several added cryptocurrencies.
