{"id":43999,"date":"2021-06-09T10:20:58","date_gmt":"2021-06-09T07:20:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43999"},"modified":"2025-08-31T15:00:24","modified_gmt":"2025-08-31T12:00:24","slug":"polkadot-to-start-selling-parachain-slots-on-kusama-network","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/polkadot-to-start-selling-parachain-slots-on-kusama-network\/","title":{"rendered":"Polkadot to start selling parachain slots on Kusama network"},"content":{"rendered":"<p>The Polkadot team announced it was ready to begin auctions for parachain-slot sales to launch parachains on the Kusama experimental network, starting June 15, 2021.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The first real-world functional parachain Statemine, began processing permissionless transactions after an on-chain upgrade last week. After some smooth running over the weekend, the time has come to move to the next stage: slot auctions. <a href=\"https:\/\/t.co\/HRWh93z1Yy\">https:\/\/t.co\/HRWh93z1Yy<\/a><\/p>\n<p>\u2014 kusama (@kusamanetwork) <a href=\"https:\/\/twitter.com\/kusamanetwork\/status\/1402212747157327876?ref_src=twsrc%5Etfw\">June 8, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Kusama began operating in 2019. According to a blog post, the first live parachain named Shell was launched in May 2021. The developers upgraded it to Statemine\u2014the Kusama counterpart of the Polkadot mainnet\u2019s Statemint.<\/p>\n<p>Statemine supports several functions, including:<\/p>\n<ul class=\"wp-block-list\">\n<li>storing and transferring native Kusama (KSM) tokens;<\/li>\n<li>transferring permitted interchangeable assets, such as non-algorithmic stablecoins;<\/li>\n<li>freely creating, issuing and transferring both fungible assets and NFTs.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The usefulness of Statemine as a standalone chain is significant, but as a member and resource of the community, its value grows geometrically,&#8221; the statement said.<\/p>\n<\/blockquote>\n<p>To build this ecosystem, the team developed Parachain Slot Auctions\u2014a &#8216;market-efficient way to select parachains that will add to the Kusama network&#8217;.<\/p>\n<p>Auction is scheduled to begin on June 15. Participants will bid by indicating a range of continuous slot leases (up to eight periods of six weeks) and the amount of KSM they are prepared to lock up for the term.<\/p>\n<p>Each auction will last a week, with five auctions initially planned.<\/p>\n<p>The final selection of parachains will be conducted by the Kusama Council and KSM holders. Projects that enjoy community trust will be given priority, said Polkadot founder Gavin Wood.<\/p>\n<p>As noted, deploying parachains on Kusama <a href=\"https:\/\/u1f987.com\/en\/news\/the-final-phase-of-polkadots-mainnet-launch-has-begun\">is considered the final phase<\/a> of launching the Polkadot mainnet.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Polkadot platform team announced it was ready to begin selling parachain slots to launch parachains on the Kusama experimental network, starting June 15, 2021.<\/p>\n","protected":false},"author":1,"featured_media":44000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1461],"class_list":["post-43999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-polkadot-dot"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43999"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43999\/revisions"}],"predecessor-version":[{"id":44001,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43999\/revisions\/44001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44000"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}