Gate.io supports the Polkadot Parachain Slot Auction, we had launched the
DOT /
KSM slot auction page to help users quickly view the Lockup & Earn opportunities at their disposal in terms of the parachain auction. New users can sign up at Gate.io to participate.
The 16th round of the Kusama (
KSM) Slot Auction started on November 27, 2021. As of 8:00
UTC on November 29, 2021, Subsocial ranks at the top with 55,663.9343
KSM pledged and Gate.io
SUB lock-up finance has locked in 110.843025
KSM.
The 3rd round of the Polkadot (
DOT) Slot Auction started on November 25, 2021. As of 8:00
UTC on November 29, 2021, Astar ranks at the top with 9.1760
DOT pledged and Gate.io
ASTR lock-up finance has locked in 3086.696335
DOT.
View now (web version): https://www.gate.io/en/slot_auction
*The App version will be launched at a later date.
Please note: Gate.io only serves as an intermediary to provide users with services to participate in auctions, and does not bear the responsibility of any capital losses caused by a project team or any issues with on-chain security.
Procedure
1. Lockup & Earn Participation: Users can deposit or buy
KSM/
DOT to join and support different projects in the Auction. Project details:
2. Slot Auction: The auction will be conducted on-chain. Please keep an eye out for the result. If the project you support is unsuccessful in the auction, the funds of
KSM/
DOT you locked will be returned without interest.
3. Interest Distribution: When the project you support wins an auction slot, we will distribute the interest according to the on-chain annual interest rate. Once the on-chain
KSM/
DOT funds are unlocked, users will receive their
KSM/
DOT immediately.
Rules
1. Lockup token:
KSM/
DOT
2. Fees: 0
3. Annual interest rate is subject to the on-chain rate
4. When the project you support wins the auction, we will distribute the interest according to the annual on-chain interest rate.
5. Once the funds on
KSM/
DOT on-chain are unlocked in advance, we will also release the
KSM/
DOT to users right away.
6. If the project you support fails in the auction, the funds of
KSM/
DOT you locked up will be returned with no interest.
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Gate.io Team
November 29