Kusama and Polkadot Parachain Lease Auction Crowdloans: A Win-Win Situation | HackerNoon

. Polkadot and Kusama are at the forefront of blockchain technology with their concept of parachains.

In broad terms, a parachain is a network connected to Polkadot or Kusama, taking full advantage of the larger network security and connectivity. In order to gain a parachain, a project needs to pay a lease. Sort of like paying rent for a slot, but the leases have a time limit. Once the limit reaches, Polkadot and Kusama then open auctions for other projects to have a shot at a parachain.

This is an issue that has been seen by projects that hopped on the opportunity immediately, they needed larger amounts to secure their slot, which meant larger rewards for users, but the tech is not always in place to back the enthusiasm and we have seen some reward prices reduce…If this has given you some newfound enthusiasm or curiosity and you want to hop on to crowdloans, here is the fastest way to get you started:First and foremost, get your hands on some KSM and DOT tokens.

Second, you will need a database to follow. Like every good degenerate, your choices will be based on data. The best data source for all things parachain auctions is

0xKatsuragi

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