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– TIMESTAMPS –
2:23 Polkadot Recap
4:01 Parachain Slot Auctions
6:45 Decide 1: Acala Community
8:20 ACA Tokenomics
10:11 Decide 2: Phala Community
12:10 PHA Tokenomics
13:45 Decide 3: Litentry
15:38 LIT Tokenomics
17:40 Frequent Good Parachains
⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
► Polkadot Defined In-Depth:
► Polkadot Parachain Rollout Plan:
► Acala Community:
► ACA Tokenomics:
► Phala Community:
► PHA Tokenomics:
► Litentry Tokenomics:
► Frequent Good Parachains Defined:
Polkadot is a great contract suitable blockchain that launched in Could final 12 months. Polkadot’s core blockchain known as the Relay Chain which makes use of a proof of stake consensus mechanism
The Relay Chain itself doesn’t help sensible contracts and solely handles a handful of transaction sorts, specifically these associated to staking
Polkadot will get its sensible contract performance from the extra blockchains which plug into the Relay Chain. As much as 100 parachains or parathreads can hook up with the Relay Chain
⛓Parachain Slot Auctions Defined⛓
Due to the restricted area on the Relay Chain, Parachain Slot Auctions have been invented to make sure these go to probably the most promising initiatives
As an alternative of figuring out the winner primarily based on their bid on the finish of an public sale, the winner is picked primarily based on their bid when a random snapshot of all bids was taken throughout the public sale
These bids are made in DOT and are returned on the finish of the Parachain lease interval. Tasks can both bid DOT themselves or have their communities mortgage them the DOT they want for the public sale
💰Decide 1: Acala Community💰
Acala manufacturers itself as Polkadot’s “DeFi hub” and consists of two core protocols
The primary is a decentralized stablecoin protocol known as ‘Honza’, and the second is a tokenized staking liquidity protocol known as Homa, which makes staked DOT liquid to be used in different DeFi functions
As soon as launched, ACA may have a most provide of 100 million, and 12% of this provide will probably be allotted to those that take part within the parachain mortgage providing in proportion to the DOT they’ve delegated
👩💻Decide 2: Phala Community👩💻
Phala Community is a privateness preserving decentralized database with sensible contract performance. It makes use of trusted execution environments or TEEs to protect consumer privateness
PHA has an preliminary provide of 1 billion with an annual inflation charge of about 5% per 12 months after the Phala important web launches. 9% of this provide will go to these taking part within the Parachain Mortgage Providing
🗂Decide 3: Litentry 🗂
Litentry focuses on cross chain decentralized id administration. Litentry will make it attainable to do issues like achieve gravitas in governance or construct up a credit score rating that can be utilized to borrow with much less collateral in a personal and trustless method
💸 LIT Tokenomics 💸
Like ACA, LIT has an preliminary provide of 100 million, and may have an inflation goal of 5% per 12 months beginning a while in 2025. A whopping 45 million LIT are on the desk for lenders in Parachain Slot Auctions
👼Frequent Good Parachains Defined👼
Polkadot just lately introduced “Frequent Good Parachains” which could be allotted parachain slots with no DOT bid or bond by way of governance. It’s attainable these three initiatives will fall beneath this class
📜 Disclaimer 📜
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who just isn’t a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any explicit final result.
#Polkadot #DOT #crypto #phala #litentry #acalanetwork
Source: Coin Bureau
Hope you guys enjoy the picks. Are there any other Polkadot projects you are looking into? Don't forget that there is content you are not getting here in my socials 👉 https://guy.coinbureau.com/socials/
PolkaDot and OGN stay in as my favorite projects in 2021 ! so much potential there !
Hello could you tell us something about Polkadex I think it will be the next big DEX of the future like binance or uniswap and it is also from the polkadot network. Should we buy it? 20M Marketcap. Mobile app will be available on AppleStore and GooglePlay in September. Thanks for your video…Please answer if it's a good one..😃
Great effort 😊👌
We all know who's really behind this
Okay, now shut up and take my DOT. Err, so how exactly I do that?
Didn't you forget about SORA? Polkaswap?
Dude you’re forgetting PSWAP. First mover and best DEX in the world.
In guy we Trust.
ACA to the moon…easy..crosschain defi..
Great insight and so very interesting !! But I couldn't find the Web3 grant document that you mentioned in the video.
Although Guy is trying his best, the technical background of these projects are too complicated for me. I'm not sure whether masses will rush to purchase coins of these projects. I hope they show parabolic gains so that not only tech companies and some enthusiasts but average people will also invest seriously into these projects.
You forgot ChainX
Polkaswap has started…..
I am excited to follow you. Great content from you Guy!
Polkaswap is a beast ready to smash Pancake and Uniswap…
Do you still own lit?
Thank you guy!!!
you mentioned a video about a DeFi YouTube explaining why Polkadot has limited slots but you forgot to plug it in the description! could you please share?
TIME TO DOUBLE UP YOUR POSITIONS. #Elongate is the best performing and rising cryptocurrency in the coming weeks. Massive adoption soon with excellent tokenomics. A grade celebrities endorsement and millions in charity worldwide. You get rewarded a lot just for holding. A no brainer for newbies. Make your millions with this.Soon listing on as many exchanges as possible. Ride the plane before it takes off for 25X.
Buy on Bitmart or pancakeswap
all the comments on your videos are the most positive things on the internet.. how nice
Litentry has current market cap of 145M…easy 10X from here
You are the ONE