By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    Freedx Secures Key DASP License in El Salvador
    Freedx Secures Key DASP License in El Salvador
    2 months ago
    FLOKI and Rice Robotics Launch AI Companion Robot With Token Rewards
    FLOKI and Rice Robotics Launch AI Companion Robot With Token Rewards
    1 week ago
    Bitcoin Suisse Secures In-Principle Approval from ADGM’s Financial Services Regulatory Authority
    Bitcoin Suisse Secures In-Principle Approval from ADGM’s Financial Services Regulatory Authority
    2 months ago
    Latest News
    Phemex Upgrades Rewards Hub with $15,000 Package And Mystery Box System
    15 hours ago
    Alps Blockchain Announces Corporate Rebranding to Alps
    15 hours ago
    Beyond Holding: Ushering in the Era of Intelligent Bitcoin Yielding with OAKMining
    18 hours ago
    Bombastic Casino Unveils New Design and Enhanced Features
    2 days ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    10 Best Crypto Volume Trackers for Accurate Market Insights
    10 Best Crypto Volume Trackers for Accurate Market Insights
    12 hours ago
    10 Best Crypto Trading Courses on YouTube
    10 Best Crypto Trading Courses on YouTube
    21 hours ago
    10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    2 days ago
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    5 days ago
    10 Crypto APIs for Developers In 2025
    10 Crypto APIs for Developers In 2025
    2 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Subsocial Launches Crowdloan Auction for Kusama Parachain Slot Bid ​
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Subsocial Launches Crowdloan Auction for Kusama Parachain Slot Bid ​
Press Releases

Subsocial Launches Crowdloan Auction for Kusama Parachain Slot Bid ​

Blockchainnews
Last updated: 13/05/2023 10:45 AM
Blockchainnews
4 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
SHARE

Kyiv, Ukraine, 11th November, 2021,

Contents
  • About Subsocial
      • Contacts

Subsocial, the social network for the Polkadot ecosystem, is thrilled to announce it will be bidding for one of the coveted parachain slots on Kusama. As such, Subsocial also invites KSM holders to participate in its crowdloan campaign in return for generous rewards in the projects’ native SUB tokens, which have extensive and growing utility in the Subsocial platform. 

Since launching the first parachain auctions in June, Kusama has successfully onboarded eleven projects and is developing a thriving, interoperable eI cosystem of applications. As a social network at the heart of the Polkadot and Kusama (Dotsama) community, Subsocial has a unique opportunity to become the first social media platform that directly integrates with the burgeoning Web 3.0 economy. Subsocial is committed to providing as much value as possible by developing features and integrations that showcase the rich functionality and capabilities of the Dotsama ecosystem. 

In line with its vision to launch a social platform that interconnects with Web 3.0, Subsocial has determined that now is the time to make a bid for a parachain slot. The move will also increase liquidity for the SUB token by allowing it to be listed on DEXs such as Karura. 

- Advertisement -

As part of its bid for a parachain slot, Subsocial is also launching a crowdloan campaign that aims to be simple and transparent in the way it’s structured and communicated. 

Subsocial will allocate 16.5% of the initial total supply of SUB tokens or 16.5 million to the crowdloan. Of those, 15 million will be distributed as guaranteed rewards. The remaining 1.5 million will be allocated to referral bonuses and distributed according to the terms of the referral program. 

Contributions to the crowdloan will be capped at 100,000 KSM. If the cap is reached, then rewards will be 150 SUB per KSM. However, the rewards are not fixed to a particular ratio, and if Subsocial wins a slot with a bid of less than 100,000 KSM, contributors will receive rewards higher than 150 SUB per KSM. For instance, if Subsocial can secure a parachain slot with 50,000 KSM, contributors will receive 300 SUB per KSM. 

Crowdloan participants may also earn referral bonuses. Each participant will receive a unique referral code, allowing them to generate rewards of 15 SUB per KSM contributed by their referrals, which are split 50:50 between the referrer and the referee. Any unused referral funds from the 1.5 million SUB allocation will be returned to the Treasury and used for the next crowdloan. 

SUB rewards will be subject to a vesting schedule. Upon receipt, 20% of the rewards will be available immediately, while the remaining 80% will vest over the 48 weeks of the parachain slot lease.

- Advertisement -

The low initial unlock is designed to stimulate the use of the SUB token for its various intended utilities in the Subsocial platform. Users can get started by creating their own social network and playing with monetization features. 

Subsocial will post further updates about the progress of the crowdloan campaign and answer any questions from the community on its social channels, Twitter, Telegram, or Discord. 

About Subsocial

Subsocial is an open platform for decentralized social networks and marketplaces. Via Subsocial’s web user interface, anyone can launch their own decentralized censorship-resistant social network or community with built-in monetization methods. 

- Advertisement -

Subsocial is built with the Polkadot and IPFS tech stacks. As a social platform at the heart of the Polkadot and Kusama ecosystems, Subsocial is uniquely positioned to tap into the tools and technologies that make up Web3.0 – the Internet of Value.  

Contacts
  • Dan Edelstein
  • pr@marketacross.com
  • +972-545-464-238
Phemex Upgrades Rewards Hub with $15,000 Package And Mystery Box System
Alps Blockchain Announces Corporate Rebranding to Alps
Beyond Holding: Ushering in the Era of Intelligent Bitcoin Yielding with OAKMining
Bombastic Casino Unveils New Design and Enhanced Features
Crypto Market Recovers as Liquidity Returns — Pepeto Announces $700K Giveaway and 221% Staking Rewards
Share This Article
Facebook Email Print
ByBlockchainnews
One Of The Best Press Release Distributor Of Coinworldstory . This Author Hold 39% Press Release Distribution At Coinworldstory . If You Looking For Contact This Author Than Visit Coinworldstory/contact Page For More Details About This Author
Previous Article Plisio Online Payment Service Review : Latest Updated Plisio Online Payment Service Review : Latest Updated
Next Article How to get started with Tron How to get started with Tron
10 Best lenders For Real Estate Investors
10 Best lenders For Real Estate Investors
Only Best
10 Best Crypto Volume Trackers for Accurate Market Insights
10 Best Crypto Volume Trackers for Accurate Market Insights
Altcoins
10 El Salvador Best Crypto Wallets for Secure Storage
10 El Salvador Best Crypto Wallets for Secure Storage
Wallets
10 Best Crypto Trading Courses on YouTube
10 Best Crypto Trading Courses on YouTube
Altcoins

Latest Published

Limitless Prediction Market Closes $10M Seed Round Ahead of LMTS Token Launch

3 days ago

Whale.io Introduces Crock Dentist Game and Exclusive RWA NFT Collection

3 days ago

Bybit Card Honored as “the Best Performing Crypto Card” by Mastercard at EDGE 2025

3 days ago

Jupiter Launches Ultra V3 – The Ultimate Trading Engine for Solana

3 days ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
coinworldstory logo coinworldstory logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?