Parallel Finance wins Polkadot’s fourth parachain slot auction with $300 million raised

Parallel Finance announced winning Polkadot’s fourth parachain slot, with contributions totaling 10,75 million DOT–equating to roughly $300 million. The post Parallel Finance wins Polkadot’s fourth parachain slot auction with $300 million raised appeared first on CryptoSlate.

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Parallel Finance Secures the Fourth Polkadot Parachain Slot with 10.75 Million DOT Tokens

Institutional-grade lending protocol for DeFi Parallel Finance has successfully bagged the fourth slot in the Polkadot parachain auctions, an official press release states. Parallel Finance Wins the Fourth Polkadot Parachain Auction The competition is getting fiercer than ever in the Polkadot parachain auctions with the thinnest of margins separating competing projects aiming to bag aRead More

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Acala wins Polkadot’s first parachain slot with over 32 million DOT staked

DeFi protocol Acala has won the first-ever Polkadot parachain auction on Thursday. The post Acala wins Polkadot’s first parachain slot with over 32 million DOT staked appeared first on CryptoSlate.

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With Over $1.3 Billion In DOT Committed, Acala Wins First Polkadot Parachain Auction

Key takeaways Acala, a decentralized finance platform, won the first Polkadot parachain auction slot with 82,218 committed contributors. The DeFi platform will be rolled out in mid-December with other auction winners.

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Here’s why the Polkadot price has slumped during parachain auctions

The Polkadot (DOT/USD) price has suffered a harsh reversal in the past few days. The coin is trading at $42. 20, which is about 23% below its highest level this month. Similarly, the Kusama price has crashed by more than 25% in the same period.

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Subsocial bidding for in-demand Kusama parachain slot

Subsocial, Polkadot’s (DOT/USD) social network, announced it is bidding for one of the most demanded parachain slots on Kusama (KSM/USD), Invezz learned from a press release. Subsocial has invited KSM holders to take part in its crowdloan campaign in exchange for coveted rewards in SUB, the project’s native token.

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Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply

DOT price targets new highs and investors expect the ongoing Polkadot parachain auctions to send the price on a trajectory that mirrors Kusama’s 2020 breakout.

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DFG allocates 500,000 DOT to Acala ahead of Polkadot parachain auctions

Crypto investment firm Digital Finance Group (DFG) has allocated over 500,000 DOT ($26. 5 million) to Acala, a DeFi platform developed on the Polkadot blockchain network, ahead of its bid for a parachain slot.

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Is Polkadot eyeing $100 next? DOT price jumps 25%, triggering classic bullish chart pattern

The bullish outlook appears as Polkadot prepares to auction highly anticipated parachain slots on its network.

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Polkadot Sees Monumental Price Rally As Parachain Proposal Enters Final Approval Stage

Key Takeaways  Polkadot announces significant progress made as Parachain proposal reaches final stage. DOT surges by 15% following the announcement. Polkadot poised to close the year with a clean finish.

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Polkadot (DOT) sets a new all time-high ahead of parachain auctions

High-speed blockchain platform Polkadot has recently passed a proposal that enables registration and crowd loans for developers. The post Polkadot (DOT) sets a new all time-high ahead of parachain auctions appeared first on CryptoSlate.

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Polkadot Flips XRP After New All-Time High, Parachain Auctions Near

The native token of the Polkadot blockchain, DOT, tapped a new all-time high price as the highly anticipated parachain auctions for the network approach. The post Polkadot Flips XRP After New All-Time High, Parachain Auctions Near appeared first on BeInCrypto.

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Polkadot founder Gavin Wood: Decentralization shouldn’t ‘cut corners’ in favor of scalability

In a keynote speech at this week’s Wanxiang Blockchain Global Summit in Shanghai, Polkadot (DOT) founder Gavin Wood broke down the four key advantages of the substrate parachain platform, as he predicted that non-decentralized applications will be facing increased regulatory pressure in the future.

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What to expect from Polkadot's price action before parachain auctions go live

Gavid Wood recently indicated that the DOT treasury currently has 18.9 Million tokens (amounting to $836.9 Million at press time) ready to spend on development of the ecosystem. The fund's revelatiThe post What to expect from Polkadot's price action before parachain auctions go live appeared first on AMBCrypto.

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Polkadot price prediction: DOT eyes its ATH ahead of parachain auctions

The Polkadot (DOT/USD) price maintained its bullish rally in the overnight session as investors cheered the great Bitcoin comeback. Investors are also waiting for the important parachain auctions that kicks off in the coming month.

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Dr. Gavin Wood of Polkadot (DOT) Unveils $770 Million Development Fund As Anticipation for Parachain Auctions Builds

Interoperable and layer-0 blockchain protocol Polkadot (DOT) unveils a mammoth $770 million development fund ahead of the parachain auctions. Polkadot Launches Development Fund In a bid to bootstrap development and innovation in the DOT ecosystem, Polkadot founder and former Ethereum co-founder Gavin Wood has announced the launch of a development fund to the tune ofRead More

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Polkadot (DOT) founder announces $774 million development fund for DeFi

Following DOT’s rally last week, driven by the announcement of Polkadot’s highly-anticipated parachain auctions, Gavin Wood teased $774 million ready to be spent on innovative ideas. The post Polkadot (DOT) founder announces $774 million development fund for DeFi appeared first on CryptoSlate.

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Polkadot following Ethereum, Cardano’s footsteps can put DOT at a crossroads

On 13 October, as Polkadot founders Gavin Wood and Robert Habermeier announced Polkadot’s highly-anticipated parachain auctions, the market’s expectations from the 8th-ranked coin soared. In tandeThe post Polkadot following Ethereum, Cardano’s footsteps can put DOT at a crossroads appeared first on AMBCrypto.

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Polkadot (DOT) Parachain Auctions to Kick Off on November 11

The Polkadot (DOT) governance forum has approved a proposal on October 13, 2021,  to conduct the first parachain auctions on the network starting from November 11, 2021. The auctions will come in two batches, the first will consist of five auctions lasting seven days each, while the second will handle six auctions. Polkadot Parachain AuctionsRead More

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Should you invest in Polkadot before the parachain launch?

Polkadot DOT/USD is moving closer to the launch of the parachains, which will expand the Polkadot ecosystem. Polkadot is an open-source sharding multichain protocol which facilitates the cross-chain transfer of any data or asset type, not just tokes.

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Polkadot Sets Launch Date for Initial Parachain Auctions, DOT Soars 17% Ahead of Crypto Market

Polkadot is set to bring its full suite of solutions to its users. This week, the blockchain’s developers announced that they would be rolling out auctions for parachain slots from next month. T-Minus 4 Weeks In a tweet, Polakdot’s developers explained that the development came after the blockchain’s governance council members ratified.

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Polkadot Prepares for Parachain Launch as DOT Price Pumps

In an announcement on Oct. 13, Polkadot stated that it was finally ready for parachains – sidechains operating alongside the main relay chain. The post Polkadot Prepares for Parachain Launch as DOT Price Pumps appeared first on BeInCrypto.

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Polkadot (DOT) Records Double-Digit Price Spike Ahead of Upcoming Parachain Launch

Polkadot is on the cusp of achieving a major milestone with the launch of parachains

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3 reasons why Polkadot could be the next altcoin to hit a new all-time high

Rising trading volume, investor excitement over the upcoming parachain auctions and the success of KSM, have investors looking at DOT as the next altcoin to hit a new high.

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Kusama (KSM), Polkadot (DOT) Surge Over 20% Ahead of the 2nd Batch of Parachain Auctions

Kusama (KSM) and Polkadot (DOT) utility coins are ripping higher, adding an impressive 30 and 20 percent, respectively, on the last trading day at the time of writing on August 31. Battle for Parachain Slots Pumping DOT and KSM It is undoubtedly a strong close of August for the two networks whose coins continue toRead More

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Data and insights for the next parachain launch on Kusama

The most recent parachain launch on Kusama was characterized by fierce competition among participants. There were 5 parachains from June 15 to July 20, 2021, and four-fifths of the teams surveyed intended to go live on Polkadot (DOT/USD).

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Blockchain asset management platform Tokensoft now supports Polkadot Parachains

Tokensoft, a platform for creating and managing blockchain assets, has announced it now supports Polkadot projects participating in Parachain Slot Auctions. Polkadot community projects can use the Tokensoft platform to bootstrap a bid on Polkadot Parachain slots, raise funds in $DOT, and distribute digital assets to Polkadot community members.

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Polkadot (DOT) Rallies 30% Amid Coinbase Listing and Kusama Parachain Auctions

Polkadot has experienced a significant price advance in the last couple of days on the back of major developments like the recent Coinbase Pro listing and the start of the Kusama parachain slot auctions.

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Polkadot price soars 37% after Coinbase Pro DOT listing, first parachain auction

DOT emerged as one of the best-performing tokens week-to-date as traders' focus shifted to its listing on Coinbase Pro and Kusama's first-ever parachain auction, set to go live on June 15.

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Kraken users excited as exchange rolls out Parachain auction platform

Kraken cryptocurrency exchange has announced its support for the Parachain Auctions, which is taking place on the Kusama “canary network” for Polkadot (DOT/USD). Following the launch, the exchange’s clients are now able to Parachain Auctions, slated to hold in the next few days.

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Huge Milestone For Polkadot As First Functional Parachain Goes Live

Polkadot’s development team has announced the upcoming launch of its parachain slot auction on the Kusama network in a statement posted on Tuesday. While Polkadot’s native DOT currency has dipped in recent weeks, it remains one of the most promising altcoins on the market due to its blockchain model which seeks to bring several blockchains […]

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How to Invest in Polkadot Parachain Auctions: Parachain Projects 101

With only 100 slots, the Polkadot Parachain auctions Polkadot Parachain Auctions are an exciting way for DOT holders to enter the ecosystem. The post How to Invest in Polkadot Parachain Auctions: Parachain Projects 101 appeared first on CoinCentral.

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Polkadot’s (DOT) long-awaited parachains are launching on Kusama (KSM)

The Polkadot (DOT) and Kusama blockchain developers have entered the final stage of preparation for the launch of the highly anticipated parachain functionality, according to an announcement published by the project’s founder Gavin Wood yesterday.

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We are almost there – Polkadot assures users of Parachain Launch

Polkadot (DOT/USD) has announced that its sister chain network Kusama, is close to launching parachains on its network. The project rolled out its Rococo testnet in August, and since then, it has been under development.

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Polkadot-Based Equilibrium Raises $8.5M in DOT With PLO Drive

Equilibrium is looking towards its two-phase parachain lease offering system for fundraising. Equilibrium will use the PLO to gain a Polkadot (DOT) parachain slot, but only once they acquire a minimum of 1 million DOT The post Polkadot-Based Equilibrium Raises $8.

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Polkadot and Kusama parachains are getting their own crowdloan marketplace

Decentralized swap marketplace Bounce Finance would become the first marketplace to host Polkadot (DOT) and Kusama (KSM) parachain auctions, it said in a release today. The post Polkadot and Kusama parachains are getting their own crowdloan marketplace appeared first on CryptoSlate.

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Enjin (ENJ) Raises $18.9M to Build Out Efinity Parachain, Bringing NFT’s to Polkadot (DOT)

Enjin announces a multi-million dollar funding round to build Efinity, a Polkadot-based platform. Investors in the round include Crypto. com capital, DFG Group, and Hashed Ventures. The platform will launch later in the year.

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Polkadot (DOT) Based DeFi Platform Acala Secures Rococo Parachain Slot 

Acala has announced via Twitter on March 26, 2021, that it has successfully secured a spot on Polkadot (DOT) Rococo testnet. Acala aims to create a cross-chain open financial hub on the Polkadot blockchain.

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Acala Network wins a parachain slot on Polkadot (DOT) testnet

Acala Network became the first-ever project to win a parachain slot auction on Rococo, the ‘testnet’ of high-speed blockchain network Polkadot. The post Acala Network wins a parachain slot on Polkadot (DOT) testnet appeared first on CryptoSlate.

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Polkadot (DOT) to Release Its Pioneering "Common Good" Element, Statemint Parachain

Recently, Polkadot (DOT) shared the concept of "common good" chains that are able to mitigate the "free rider problem." Statemint will be the first chain of this type

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Moonbeam to bring Balancer (BAL) protocol to the Polkadot (DOT) ecosystem

Work on interoperability of different crypto projects continues to see progress, as Ethereum-compatible smart contract parachain, Moonbeam, recently revealed that it can connect Balancer (BAL) and Polkadot (DOT).

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Polkadot (DOT) gains 42% ahead of its long-awaited parachain auctions

Polkadot price pushes to new highs over growing excitement for the upcoming parachain auctions and increased interoperability they will support.

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Developers can now host Cosmos (ATOM) chains on Polkadot (DOT)

A new update would allow developers building on Cosmos to migrate to a Polkadot parachain and introduce new features, as per a release shared with CryptoSlate. The post Developers can now host Cosmos (ATOM) chains on Polkadot (DOT) appeared first on CryptoSlate.

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Polkadot (DOT) announces layout for Parachain launch

Polkadot (DOT) has gained more than 15% within the past 24 hours, making it the biggest gainer among the top ten cryptocurrencies by market cap. At press time, the token was hovering around $30.

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Polkadot launches first parachain as DOT price surpasses $14

The high-speed blockchain has garnered quite the fan following in the past year.

The post Polkadot launches first parachain as DOT price surpasses $14 appeared first on CryptoSlate.

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MoonBeam Network Aims to Bring Ethereum Developers to Polkadot by Recreating EVM

The MoonBeam Project is making some interesting plans. The project aims to create a custom parachain, one emulating the Ethereum Virtual Machine environment. Should they pull it off, they’d effectively recreate Ethereum (ETH) within the Polkadot blockchain (DOT).

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Polkadot Unveils Details of Initial Parachain Offering (IPO), Set to Replace Traditional Financial Tools

Coinspeaker Polkadot Unveils Details of Initial Parachain Offering (IPO), Set to Replace Traditional Financial ToolsPolkadot has come with an interesting and secure way of funding crypto projects via a new concept dubbed Initial Parachain Offering (IPO) by leveraging its parachain architecture and using its native DOT tokens.

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Polkadot (DOT) Launches The First Parachain Implementation Testnet, Rococo

Polkadot introduces parachain functionality with Rococo testnet, a Proof of Authority (PoA) network, allowing users to send direct messages to the Relay Chain and other parachains as well as connect a Substrate-based chain as a parachain.

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