top of page
Search

Update on my Strategy for Crowdloans on Polkadot Parachains Auction



Hello, friends! This is James Agenda here.



My first 3 bets were respectively the first 3 winners:



🥇 Acala


As I said, Acala was my biggest bet and it won the First Auction.


I kept my strategy and contributed to it with ~50% of my DOT Crowdloan's Funds.



🥈 Moonbeam


It was my second biggest bet, winning the second Parachain Auction.


I increased my participation in Moonbeam's Crowdloan when the team informed on discord that they would stop receiving more contributions.


The less contribution they receive, the greater the rewards for those that contributed.

I sent an e-mail about this announcement to those who subscribed for free.



🥉Astar


As I said I would, I also participated, and it won the 3rd Parachain Auction.


So, until now, if you follow a strategy similar to mine, you are among the winners!



Other projects and next auctions:


My other 2 bets would be Phala and Bifrost, the projects that won the first auctions on Kusama.


But they didn't open for contributions on Polkadot Parachain Auctions yet.


So, below is my updated strategy for the remaining 2 Parachain Auctions in this first round of 5 Parachains auctions.


I'm covering the projects that already have more DOT contributed and have good chances to win a Parachain Slot:


efinity enjin Polkadot Parachain Auction Crowdloan

Parallel


Parallel is likely to win the 4th Parachain Auction and I'll contribute to it.



You can increase your rewards on Parallel's Crowdloan using our referral code:

0xbe7908ea00d89c40c6828149b2dc190444e0a25d9c4f37c6f9fc7ad4280e3307



That being said, I must say that I'm NOT contributing a lot to it!

The first reason is that I already bet a lot on DeFi by contributing most of my Crodlowan funds to Acala's Crowdloan.


And the second reason is that I didn't like that Parallel's website doesn't accept the Crowdloan function.


This means that when you participate in their "Crowdloan", you are actually sending them your DOT.


So you need to trust them that you'll receive your DOT's back after 2 years.


I recognize that they seem trustworthy and are doing a great job leading the 4th Parachain Auction.


But I would contribute a lot more to them if I could use the Crowdloan function, as I did in all the other projects.



efinity enjin Polkadot Parachain Auction Crowdloan

Efinity


Like DeFi, I also think that NTF and Games will play a huge role in the crypto space in the long term.


And metaverse is not just a temporary hype. Instead, it's an inevitable future.


That's why I'm studying Enjin's team since their ERC20 token on Ethereum.


And I really hope they won a Parachain Slot on Polkadot for Efinity.


I'm contributing a lot to them, even knowing they have smaller chances of winning now.



Manta Polkadot Parachain Auction Crowdloan

Manta


I'm contributing to Manta for the same reason as I'll contribute to Phala:


I really support privacy and I think this should be an essential feature for any crypto.

You can increase your rewards on Manta's Crowdloan using our referral code:

9633dd1e264abae165044ec372f25101099fe3a925e12fc0690a8955d6fbe001



If you want to know more about my thinking on this subject, just listen to Gavin Wood on these two videos:




Litentry Polkadot Parachain Auction Crowdloan

Litentry


I'm contributing to Litentry based on the ENS success on Ethereum.


I really think this is a useful application, and it could replicate the ENS success on the Polkadot Ecosystem.



Clover Polkadot Parachain Auction Crowdloan

Clover


I didn't deeply study this one, and I don't see a clear differential in this application compared to the other Parachains.


But I'm participating with a small amount since Clover has a real chance of winning one of the next auctions.



What about your strategy?


Just leave a comment here!


If you have any questions, I will read them and answer them!


And congratulations to you all for contributing to the first round of Parachain Auctions on Polkadot.


This is a disruptive event on crypto and a historical moment!


Consider subscribing for free to keep yourself informed on the Polkadot ecosystem!


Cheers! 🥂



12 комментариев


dtalbot97
07 янв. 2022 г.

Hey James, I had the same thinking about Clover and threw a little DOT into the crowdloan just in case they were to win a slot. Which they did! I had a question about receiving the actual CLV tokens (and any other rewards really). I'm kind of new to this space and used your guide for crowdloaning via polkadot.js. Is there anything specific I need to do to receive the CLV (and other reward tokens)? Clover had posted that they would release a portion of the CLV incentive tokens "immediately" after they received a slot. Is there any way for me to follow-up on this or check to see if I received them? Or do I need to do something to…


Лайк
James Agenda
James Agenda
05 февр. 2022 г.
Ответ пользователю

Thank you Pedro!


We were planing our 2022 plans for the blogs and we are going to realease more posts and news soon!

Лайк

سيف عاطف
سيف عاطف
01 янв. 2022 г.

hi thank you for every thing, but what about other projects like,Composable Finance,Centrifuge,Equilibrium and nterlay

Лайк
James Agenda
James Agenda
05 февр. 2022 г.
Ответ пользователю

Hello!


Lots of thing to track, I'm put a litlle investiment on those but I'm still careful waiting and feeling the market in 2022!

Лайк

Thomas S
Thomas S
08 дек. 2021 г.

Which are your favourite projects for round 2 of the auctions?

Лайк
James Agenda
James Agenda
15 дек. 2021 г.
Ответ пользователю

Phala and others. I'll detail soon in a new post!

Лайк

Pedro Zerbini
Pedro Zerbini
08 дек. 2021 г.

Awesome post mate, thanks for all that info, do we have any dates for the next auctions? Take care!

Лайк
James Agenda
James Agenda
15 дек. 2021 г.
Ответ пользователю

Thanks for the feedback! The next round is schedule to start on Jan 6!

Лайк

Dean A. Jackson
Dean A. Jackson
07 дек. 2021 г.

I just participated in parallel, I wish I saw this first. After contributing I realized the tokens go directly to them, kinda feels against the whole purpose of crowd loans. Well, too late to turn back now. Fingers crossed.


what happens if they don’t win the auction? hopefully the dot gets returned right away.

Лайк
James Agenda
James Agenda
07 дек. 2021 г.
Ответ пользователю

what happens if they don’t win the auction? >> They will need to "voluntarily" give back the DOT. And if they won, they will need to "voluntarily" give back after 2 years.


That's the same case for those that contributed to Acala using the "stay liquid" option...


kinda feels against the whole purpose of crowd loans>> yes... I understand when the two options are offered, like in Acala crowdloan... But I didn't like Parallel not offering the Crowdloan Function option...


Лайк
bottom of page