Today news
About the same in other media
Acala wins first Polkadot parachain auction with over 32M DOT staked
Reading now: 996
cointelegraph.comOn Thursday morning, Acala, a decentralized finance (DeFi) protocol operating on the Polkadot (DOT) network, announced it had won the first-ever Polkadot parachain auction.
Acala raised a total of 32.5 million DOT, worth roughly $1.28 billion, from 24,934 contributors via an initial coin offering (ICO) structured as a crowdloan. As the proceeds are classified as 'crypto debt,' Acala would eventually need to pay back the DOT it had solicited from investors. Users' DOTs are locked for the duration of the rental agreement for Polkadot's parallel chains up for sale.
It’s a testament to the strength of @Polkadot that so many talented teams are in the running to be among the first five projects to launch on Dec 17. In this respect, we’re all
Read more on cointelegraph.comAbout this in other media
xHashtag - Solana’s First Community Accelerator DAO cryptonews.com /2 years ago
Cryptocurrency Bill | India’s first step to exercise its sovereignty over digital currency moneycontrol.com /2 years ago
How Polkadot’s parachain auctions are benefiting Enjin ambcrypto.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
