On June 4, Kusama launched the first public welfare parachain Statemine, which marked the official launch of the Kusama ecology. On June 8, Gavin Wood officially announced theKusama Slots AuctionAccording to the schedule, the Kusama network will launch the parachain slot auction for the first time at 20:00 on June 15th (Beijing time). It is expected that there will be 5 auctions at the initial stage, each with an interval of 7 days. If no major problems are found, more slots will be opened further. As one of the most critical milestones in the Polkadot roadmap, the auction is closely related to all parties in the ecosystem. Which project will eventually succeed in the auction will undoubtedly become the focus of the industry.
Looking at the eve of the Kusama slot auction, DFGs Portfolio: Acala, Plasm, Bifrost, Crust, Darwinia, HydraDX, Zenlink, Equilibrium, Apron, etc., all of which are planning to participate in the KSM slot auction.
In this issue, we will explain in detail DFGs early investment in Web3.0 infrastructure - Plasm, which is undoubtedly a popular candidate for the first batch of slots. As the first batch of parachains connected to the Rococo test network, the only project in the Polkadot ecosystem that supports Layer 2, Shiden Network (hereinafter referred to as Shiden), the pioneer network of Plasm Network (hereinafter referred to as Plasm), announced its participation in the Kusama parallel chain as early as the first time. Auctions for chain slots. Plasm successfully registered the Kusama parachain ID 2007 for Shiden and chose the lucky number 7.
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1. Project positioning is clear and the first-mover advantage is obvious
Plasm is the earliest multi-virtual machine smart contract platform that implements Ethereum Virtual Machine (EVM) + WebAssembly (WASM) in the Polkadot ecosystem, that is to say, existing projects based on Solidity smart contracts on Ethereum and emerging projects based on WASM smart contracts Both can be directly migrated or deployed on Plasm. This directly solves the problem that the Polkadot relay chain itself does not support smart contracts as the underlying structure. Its positioning is to be a Polkadot ecosystemHighly scalable DApp smart contract platformsecondary title
2. Strong technical strength, high scalability and interoperability
The Plasm team is trying to realize the commercialization and marketization of the Plasma expansion solution, bringing new possibilities to the developers of the Polkadot ecosystem. At this stage, the limitations of Layer 1s smart contracts make it impossible for many DApps to be implemented, while Plasma applications create Plasma contracts off-chain and connect them to the main chain, greatly improving scalability. The Plasm team believes that blockchains will be used in a very different way in the future: Layer 1 blockchains will serve as the credit layer, while layer 2 blockchains will serve as the transaction layer.
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3. Obtained the support of Web3 Grants many times
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Plasma modules for Substrate
ink! Playground
Plasm Chain + OVM Implementation
ECDSA for Polkadot JS
Hardware ECDSA for Polkadot JS
ZK Rollups Pallet
For details, see:
https://medium.com/plasm-network/plasm-network-web3-grants-overview-88f79661e3eb
4. Strong core team
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5. A developer-friendly community incentive mechanism to create a more dynamic ecological environment
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2. Xianxing.com Shiden Parachain Slot Auction Strategy
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Project Introduction:
Project Introduction:As the leading network of Plasm, Shiden solves the problems encountered by Kusama in operation: since the Kusama relay chain is not designed to support smart contract functions, Shiden, as a multi-virtual machine and multi-chain DApp hub on Kusam, and Plasm Similarly, both Ethereum Virtual Machine (EVM) and WebAssembly (WASM) are supported, which meets Kusamas needs for the smart contract layer. Shiden also supports various applications such as DeFi, NFT, etc.
Auction time:The auction starts from the first slot, and does not participate in subsequent auctions after winning the slot.
Slot Rental Duration:48 weeks.
Crowd lending reward rules:A total of 9.9 million SDN tokens were allocated, accounting for 22% of the total tokens, to reward users who participated in crowd lending. Among them, 20% is distributed according to certain rules, and 2% is used as a bonus. Only those who participate in crowd lending will have additional bonuses. If you participate in the auction directly, you will not be able to get the bonus. The earlier you participate, the higher your bonus rate will be.
KSM lockup status:11 months
How to unlock rewards:Locked for 1 month, and released linearly in the following ten months. Support Staking to earn income during the lock-up period.
Participation entrance:
Wallets that support the Plasm ecosystem: Polkadot.js, MathWallet, Fearless Wallet, AToken Wallet and Nutbox
Exchanges that support the Plasm ecosystem: OKEx, Kucoin
Detailed explanation of Shiden Crowdfunding Example:
https://mp.weixin.qq.com/s/8uUOUE-3elO-aWanfig8aA
SDN Token Distribution
Shiden reserves 30% for the Kusama parachain auction. 22% will be used in the first auction and 8% in the second auction. Additionally, there is a 5% buffer (parachain auction reserve).
See:
https://mp.weixin.qq.com/s/BRZ33DdhQEnyzsKaK_eoBQ
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(As of 13:00, June 10, Beijing time)
See:
https://mp.weixin.qq.com/s/LdzL-o-ZW-B3sbDVTjkaDA
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https://crowdloan.plasmnet.io
3. DFG will help promote the ecological development of Polkadot
Since 2018, DFG has been deeply involved in the Polkadot ecosystem, because DFG firmly believes that Polkadot is the perfect combination of blockchain and Web3.0. In 2021, DFG will invest USD 20 million to establish the Polkadot Ecological Fund, which will focus on investing in start-ups that empower the Polkadot ecosystem. DFG is a member of the Polkastarter Council and the sponsor of Huobi Polkadot ecology. Invested in multiple Polkadot ecological native projects including Acala, Plasm, Bifrost, Crust, Darwinia, HydraDX, Zenlink, Equilibrium, Apron, etc. At the same time, DFG has a large number of layouts in the directions of Web3.0, CeFi, DeFi, NFTs, etc.
Among these promising investments, Plasm and its pre-net Shiden are one of the top solutions for a scalable and interoperable infrastructure for Web3.0. For DApp applications in the Polkadot ecosystem, it is a very high-quality underlying smart contract platform.
As Polkadots pre-testnet, the success of Kusamas slot auction is related to whether Polkadot and the Polkadot ecosystem can enter a real development period. Kusama will also be a network with a very rich ecology in the future, and Kusama will also serve as a secondary relay link to Polkadot to further expand its value. The Kusama parachain slot auction will be a win-win opportunity for Polkadot itself, successful bidding projects, and investors. DFG will be deeply involved in it and strongly support its Portfolio to participate in the auction, helping the Polkadot ecosystem to sail .
