CrowdLoan Strategy Konomi Network’s Auction Parachain Polkadot

(1st) Konomi Will participate in the auction chain guard on A pois in whole lot two. According to the official Polkadot information, this auction chain is divided into two plenty with a complete of eleven chain guard slots. The 1st batch will run from eleven/eleven to 9/twelve and the 2nd batch from 23 December 2021 to three March 2022.

(two) Total pool prizes: the venture will commit thirty million KONO (thirty% of the complete present) to reward customers, wherever:

• one,000,000 KONOs: divided among early bird contributors, they unlock instantly at a hundred%.
• four,000,000 KONO: divided between the contributors above ten,000 DOT.
• 25,000,000 KONO: split equally between all crowdloan participants (25% is unlocked instantly, the remaining 75% will be paid in installments inside of 24 months. This signifies that each time a new block is additional, a particular block is launched. percentage of KONO will be unlocked and the consumer can withdraw at any time.

Everything will be distributed based mostly on the sum of DOT that just about every individual contributes to the crowdloan.

(three) Maximum crowdloan participation: four,000,000 DOT

(four) Konomi will start out the 2nd crowdloan campaign from 23 December 2021. The 1st 2000 a hundred DOT contributors will be counted as early birders. To raise the probability of winning a Parachain slot, Parachain will be rented for a time period of two many years.

(five) The 1st 500 contributors above one thousand DOT will get distinctive prizes.

(six) Below is the calculation technique to get the KONO bonus:

(Total KONO awarded / Total DOT contributed) * Number of person DOTs contributed

Each consumer will get a highest reward of six.25 KONO if the highest contribution sum is reached, the reward will slowly raise if the highest is not reached.

Example: Jack was a single of the major one thousand DOT contributors. Early risers collected one,000,000 DOTs out of a complete of three,000,000 DOTs at the finish of the round. Jack will get a complete of:

(one,000,000 / one,000,000) * one thousand + (25,000,000 / three,000,000) * one thousand = one thousand + 8333 = 9333 Kono Reward

Of which one thousand + 8333 * 25% = 3083 KONO will be issued instantly, the rest will be paid in installments inside of the following 24 months.

Note: Konomi may well transform the over approach when the 1st auction outcomes come to be offered and will inform the local community much more.

To update the most current info on Konomi Network, join the Konomi Vietnam local community right here: Announcement channel | Discussion channel

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