Sakura Finance is giving away 15 million SKU to be awarded if the Parachain Auction slot is secured, with an upper limit of 100,000 KSM to be raised. This means despite the amount of KSM contributed to the crowdloan, there will be a minimum of 15 million SKU distributed to all crowdloan contributors if Sakura secures a parachain slot!
Sakura Crowdloan is LIVE
Sakura will be participating in the upcoming Kusama parachain auctions. The crowdloan is officially open and live for Sakura Finance (Parathread 2016).
The current status of the crowdloan can be seen directly on polkadotjs.
Sakura auction details:
- There will be a 5% extra bonus for the first 1,000 participants of the crowdloan if Sakura secures a parachain slot.
- Sakura has set their maximum cap raise amount to 100,000 KSM. After this mark has been met, no more KSM bids will be eligible.
- There is a minimum bid amount of 0.1 KSM per contribution
- Sakura will be bidding for a maximum of 8 lease periods, which means a 48 week parachain slot auction bid.
How to participate
To participate users can enter directly through the Sakura crowdloan webpage or on the official polkadotjs web app with Clover or Polkadotjs extension wallets. Users can also utilize the Fearless wallet to participate in the crowdloan on mobile. Please make sure to have KSM on either wallet to be able to contribute to the crowdloan.
Please note: Sakura Finance will NOT be accepting any KSM on the crowdloan website. The portal will allow users to directly interact with the Kusama crowdloan module to contribute. Both methods described below are completely decentralized.
Polkadotjs web app
- After downloading an eligible Kusama wallet and having KSM, proceed to the polkadotjs web app and make sure you are connected to the Kusama network.
2. Scroll over Network, and click on Parachains
3. Click on Crowdloan
4. All active crowdloans will now be displayed. Find the Sakura crowdloan as shown below, and click on “Contribute” to place a bid.
5. Select the account to contribute from, the amount, and click on Contribute again.
6. Confirm, sign and submit the transaction to participate in the Sakura crowdloan!
Fearless Wallet
Download the Fearless wallet directly from their website. The fearless wallet allows users to directly buy KSM from their new account. After having KSM on the account, click on the Crowdloans tab and scroll to find Sakura. Follow the steps to contribute KSM directly.
Clover Website for Sakura auction
- After having KSM in Clover wallet or Polkadotjs wallet, please proceed to Sakura auction website and connect the KSM wallet.
2. Proceed to “Stake Now” and enter the amount of KSM to contribute, email, and the Sakura address to receive extra rewards. If you are connected with the Clover extension wallet the SKU address will be automatically updated.
3. After clicking “Confirm” one more time, click “Sign” in the Clover wallet.
4. After the transaction is successful, you can see the Subscan transaction
Here is the transaction from the example above showing it is interacting directly with the KSM crowdloan module.
You have successfully contributed to the SKU crowdloan!
Links & More Information
For more information about crowdloans & parachains:
Kusama parachain info & Polkadot parachain wiki
Please find all links for Clover & Sakura on our linktree:
https://linktr.ee/cloverfinance
