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Konomi launches Polkadot Parachain auction crowd loan plan

November 2, 2021
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On November 2nd, Konomi, the open platform of Polkadot’s ecological cross-chain financial application, announced the Polkadot Parachain auction crowd loan plan.

Konomi will participate in the Polkadot Parachain Slot auction from the second batch. According to Polkadot official news, the second batch of Parachain Slot auctions will officially start on December 23, 2021.

The total reward pool includes 30 million KONO (accounting for 30% of the total supply), of which 1 million Kono will be divided equally among early bird contributors based on their contributions (this part of the prize will be issued immediately). 4 million will be evenly distributed among the contributions Contributors contributed more than 10,000 DOT.

The remaining 25 million will be distributed equally according to the contributions of all contributors. (25% of this part of the bonus will be released immediately, and the rest will be released linearly within 24 months).

The top 500 contributors (contribution> 1000 DOT) will receive special rewards after settlement.

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