Polkadot Projects That Are HOT! My TOP 3!!

By July 26, 2021Binance
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– TIMESTAMPS –
0:00 Intro
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
19:16 Conclusion

Helpful Hyperlinks

► Polkadot Defined In-Depth:
► Polkadot Parachain Rollout Plan:
► Acala Community:
► ACA Tokenomics:
► Phala Community:
► PHA Tokenomics:
► Litentry:
► Litentry Tokenomics:
► Frequent Good Parachains Defined:

Polkadot Recap

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

ACA Tokenomics

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 Tokenomics

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

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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

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