Intro to Crowdloans and Parachain Slot Auctions on Polkadot

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Each auction takes place over the course of 1 week and assigns a total slot duration of 96 weeks The schedule is

Polkadot has chosen to use an auctioning system called the candle auction that is set to take place sometime in late 2021early 2022 Taken from 17th-century Parachain auctions are held on the Polkadot or Kusama

bonus bear slot At the end of this period, the slot will go back for auction, and the team bids for a slot again These slots are fungible, and teams can Moonbeam's sister network Moonriver is currently dominating the Polkadot ecosystem Ever since the project won a slot in the second Kusama auction by raising