Polkadot Parachain Auctions!! ULTIMATE 101 GUIDE!! (Ep 289)
Coin Bureau
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Polkadot Parra Chain Slot Auctions - The First and Second Batch of Auctions
The first auction took place over seven days, and the bidding period ended on june 20 second. The winner was carera, a protocolt building a defi hub for kusama and acting as a kala networks sister chain. Bidding for the slot ends on the seventh day, and the precise moment of the auctions close is determined retroactively through a verifiable random function. This is done to prevent any last minute auction sniping. Each auction will assign a parachain slot for a total of 96 weeks, divided into eight 12 week lease periods.
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