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Wednesday

23 June 2021

Kraken launches Kusama Parachain Auction platform as KSM defies downtrend

Kraken launches Kusama Parachain Auction platform as KSM defies downtrend


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Kraken launches Kusama Parachain Auction platform as KSM defies downtrend.

cryptocurrency exchange Kraken has announced a “first-of-its-kind” Parachain Auction Platform enabling clients to participate directly from the exchange.

In ablog post on June 8, Kraken revealed the new platform will enable users that qualify to pledge support for Kusama projects vying for a Parachain slot by staking Kusama’s KSM tokens.

In its first Parachain auction, Kraken will allow clients to support the bids of at least two projects, starting with Karura and Shiden.

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cointelegraph.com
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