Polkadot Parachain Auctions
I was going to include this update in yesterday’s post but got carried away with writing about Streamr, but it’s big news and still worth including here. The winner of the first Polkadot parachain auction has been announced and it is… Acala. Over 80,000 fans chipped in with more than 32.5 million DOT to support this project, which is quite some achievement, so well done to the project team. They get on-boarded along with the other five winners, once they are announced in the coming weeks, on December 18th.
As well as their liquid Dot produce, Acala will be rolling out a stable coin for the Polkadot ecosystem, which is something I am very interested in as it will be another alternative to the usual stable coins based on Ethereum and we know all about the impact of high gas fees over there.
Acala were run very close by Moonbeam, with this project currently having over 34.5 million DOT backing their campaign. They are so far out ahead of third-placed Astar that’s it’s hard to see them being caught now. It’s also looking good for the two DeFi offerings from Astar and Parallel, both of these being a few million DOT ahead of the chasing pack. That would mean three of the first four winners coming from DeFi land, which I find a bit disappointing, though it does show where the main action is in blockchain land at the moment.
Nodle and the Parachain
Well, what do you know, two of the topics I’ve mentioned the most this month have now come together. Nodle is launching a bid to win one of the coveted Polkadot parachain slots. I’m not sure about the wisdom of launching a bid so relatively late in the day, especially when you see just how many DOT the leading half-a-dozen projects have already amassed, but, there again, I imagine they do have a large community already in place so perhaps that will be enough to see them through. Anyway, I’ve joined the wait-list and will consider it for the one remaining project I will be committing DOT to during these auctions.
Until tomorrow…
Renaissance Man
Why this Diary?
I thought it might be an interesting exercise, as much for myself as anyone else, to keep a diary of my interests and activities in the land of the blockchain and all things crypto, so I’m going to give it a go at writing a short diary entry each day for the current month, November 2021. It will give me something to look back on and assess and it might offer up some entertainment and topics of interest to anyone who happens to read it.
The Usual Disclaimer
Please don’t take any of the above as financial or investment advice. It is intended to be nothing other than a little entertainment and information sharing. Always, but always, do your own research before committing your money to anything.