Texas-based technology platform for creating and managing digital assets Tokensoft has announced technological support for Polkadot projects participating in Parachain Slot Auctions. Polkadot community projects can use the Tokensoft platform to bootstrap a bid on Polkadot Parachain slots, raise funds in DOT, and distribute digital assets to Polkadot community members.
Projects seeking to launch on Polkadot must win a Parachain Slot Auction in order to gain a slot on Polkadot. This allows them to inherit Polkadot’s proof-of-stake security and to utilize Polkadot’s cross-chain interoperability. Teams can garner community support via a ‘crowdloan’ in order to bootstrap their bid in the parachain slot auction. Upon winning an auction, teams then reward contributors with their native token.
Customers of Tokensoft can take advantage of the following benefits:
- Large offerings for up to a million community members.
- Support for DOT, BTC, ETH, USDC, Dai, and other funding methods
- A fair and broad distribution to community members
CEO of Tokensoft Mason Borda said: “The Polkadot ecosystem is expanding at a rapid pace, and we’re excited to bring a suite of tools that allows Polkadot-based projects to raise the funds they need to secure a slot and launch a new parachain.”
Tokensoft has helped create over $10 billion in market capitalization with projects such as Avalanche, The Graph and INX.
Kraken and OKEx exchange have supported Polkadot and Kusama Parachain.
Read more:
- [Polkadot-Kusama] The Launch Of Parachains
- The First-Ever Parachain Slot Auction On Kusama Network Has Begun