Tokensoft, a creation and management platform blockchain assets, announced that it now supports Polkadot projects participating in the Parachain slot machine auction. Polkadot Community Projects can use the Tokensoft Platform to bid on Polkadot Parachain Slots, raise $ DOT funds, and distribute digital assets to Polkadot community members.
“The Polkadot ecosystem is growing at a rapid pace, and we’re excited to bring a suite of tools that allow Polkadot-based projects to raise the funds they need to secure a location and launch a new parachain.”
– Mason Borda., CEO of Tokensoft
Parachain Slot Machine Auction
Projects looking to get started on Polkadot must win a Parachain Slots auction in order to earn a spot on Polkadot. This allows them to inherit proof-of-stake security from Polkadot and use Polkadot’s cross-chain interoperability. Teams can get community support through a “crowdloan” to start their bid in the parachain slot machine auction. After winning an auction, teams then reward contributors with their native token. Tokensoft helps build the relationship with the community while leveraging the combat-tested infrastructure that has brought projects like Tezos, Avalanche, and The Graph to market.
“The Tokensoft platform has already helped us engage with over 20,000 community members as we hosted the first ‘Build Acala’ event to start seeding Acala cash ahead of our next launch on Polkadot. The new features of the Tokensoft platform will undoubtedly be a positive addition to the Polkadot ecosystem as parachain slots auctions continue to roll out over the next several years. “
– Bette Chen, co-founder of Acala
Tokensoft customers can enjoy the following benefits:
- Great offers for up to a million community members.
- Support for DOT, BTC, ETH, USDC, Dai and other funding methods
- Fair and wide distribution to community members
“We are delighted that Tokensoft has made progress in supporting the Polkadot Parachains as they work to translate the wave of community support into the tangible assets needed to secure a Parachain location. We look forward to working with the Tokensoft team to organize a sale with wide distribution both to our loyal community and to our future community members who are just new to the growing ecosystem on Moonbeam.
– Aaron Evans, director of the Moonbeam Foundation
If you are building in the Polkadot ecosystem and on your way to a parachain auction, contact us to learn more about Tokensoft support for Polkadot here.