The Altair Crowdloan will open at 12PM UTC on Monday August 30th — so get your KSM ready
Get that KSM ready! The moment you have been waiting for is almost here The Altair crowdloan opens at 12PM UTC on Monday August 30th!
AIR Rewards
This time around we’ve got a ton of new rewards available — you’re bound to qualify for something extra too!
Read more details in our rewards post here.
Earn 400 AIR : 1 KSM
Early Birds earn an extra 10% bonus if you contribute KSM in the first 48 hours!
Referral bonus — earn an extra 5% bonus for both you and a friend.
✨ One of the first 250 participants in the first? Keep your bonus in the second
Heavyweights get something extra special…If you contribute more than 10 KSM, we have a special surprise bonus for you. Stay tuned for the announcement — coming soon!
Introducing our double trouble bonus: stake KSM to Altair and DOT to Centrifuge to get a bonus. Details TBA!*
25% of rewards to crowdloan participants will be liquid and the remaining will vest over the length of the parachain slot (48 weeks).
How to Contribute (NOTE: these will be live once the crowdloan is opened)
There are several different ways to contribute to the Altair Crowdloan, and KSM holders can choose their preferred option!
Option 1: Contribute directly on the Altair website!
https://centrifuge.io/altair/crowdloan
Option 2: Contribute directly on Kusama
KSM holders can contribute directly to the Altair crowdloan through the Kusama portal.
Please note for options 1 and 2 you can not contribute using a proxy or multisig
Option 3: Contribute through an exchange
Altair has partnered with 3 leading exchanges: OKex , Kraken, and Kucoin to allow their users to contribute directly to our crowdloan. If you have an account on one of these exchanges, then you can securely participate in the crowdloan once it’s launched.
For every KSM that is contributed to the Altair crowdloan and locked for 48 weeks to secure the Altair parachain slot, 400 AIR will be rewarded.
AIR can either be claimed through the chosen exchange (if you participate through Option 3) or directly on-chain on Altair (Option 1 + 2).
Find more details in our tutorial here
AIR Token Distribution
To distribute the AIR token, the Altair network will take a snapshot of the balances on Centrifuge chain to distribute AIR tokens to CFG token holders, 1 AIR : 1 CFG. In addition, AIR will be distributed to crowdloan participants up to a maximum of 18% of the supply.* 25% of rewards to crowdloan participants will be liquid and the remaining will vest over the length of the parachain slot (48 weeks).
Altair and Art: financing the JPEG revolution
Altair is the home for financing asseets on Kusama. Altair combines the industry-leading infrastructure built by Centrifuge to finance real-world assets (RWA) on Centrifuge Chain, with the newest experimental features — before they go live on Centrifuge Chain. It is the network for users who want to test the bounds of asset financing.
Want to get liquidity from your Cryptopunks? Altair’s flexible asset financing structure can help issuers finance experimental assets like Cryptopounks (or Kusama punks ) and other art NFTs and undiscovered assets.
Altair is built for risk-takers and innovators who dare to push the limits of DeFi: powered by the AIR token.
Read more about why Parachains are the next step for blockchain development in our post here!
Questions?
Ask us in our Telegram and Discord!
Twitter Discord Telegram Newsletter Forum STAKE KSM
T - 3 Days to the Altair Crowdloan! was originally published in Altair Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
