KARURA CROWDLOAN PARACHAIN AUCTION IS LIVE: HERE’S WHAT YOU NEED TO KNOW TO EARN AN EXTRA 15% KARURA RIGHT NOW !
KARURA CROWDLOAN PARACHAIN AUCTION LIVE
Acala Network’s: KARURA Parachain Auction is now live! Bond or Stake Kusama (KSM) for KARURA (KAR) Token!
Karura is the all-in-one DeFi hub of Kusama.
Founded by the Acala Foundation, Karura is a scalable, EVM-compatible network optimized for DeFi. The platform offers a suite of financial applications including: a trustless staking derivative (liquid KSM), a multi-collateralized stablecoin backed by cross-chain assets (kUSD), and an AMM DEX — all with micro gas fees that can be paid in any token.
The KAR Token will have a fixed supply of 100,000,000. The entire supply will be minted in the genesis block at launch. Not only will the token give Governance, but it will also power micro gas fees and smart contract execuation, as well as whatever the community elect council members decide! One thing to note is the KAR Distribution below!
Notice how 60.87% of the overall distribution of tokens are going straight back to the supporting community!
Learn more about Karura’s tokenomics here
What will happen?
Karura will be utilizing a crowdloan in order to secure a parachain! Ladies and Gentlemen these are the RARE gems that we here at The Crypto Lifestyle have been speaking about for quite some time now. These tokens will NOT be on the market any time in the near future. The only way to receive KAR tokens right now is to contribute KSM to the Karura Crowdloan using either their site, participating exchanges or via 3rd party Mobile Wallet. There is an early bird promotion so if you plan to contribute, I highly suggest you do before the promotion ends in only a couple of days.
For every 1 KSM contributed, a minimum of 12 KAR will be rewarded. Select your lease period and once complete, you will not only receive your precious Kusama back, but you also will receive your KAR tokens! Simply for contributing to the Crowdloan! As Francis says himself; “The market doesn’t wait for anybody! Neither will Karura.”
Let’s go bank that coin!
Early Bird Special + 10%!
Follow the directions in this TUTORIAL VIDEO below from Francis on how to contribute to the Crowdloan! Use The Crypto Lifestyle’s REFERRAL LINK for 5% more KAR! You also get an Early Bird Special for an extra 10% that’s 15% more KAR! Simply connect your Polkadot.js wallet or, if you have already reserved your wallet from watching our previous videos you should already be connected! If not, simply type your password to connect it. Plug in your participating address, email, TCL’s Referral code, and you’re set! Once you have contributed, there is nothing left to do but to wait and embrace Kusama’s chaos!
Until next time TCLers!
Here on The Crypto Lifestyle we emphasize the importance of crypto mass adoption, decentralisation and bitcoin related stuff that can bank us coin.
If you want to learn more, join our channels.