SORA Kusama Parachain Crowdloan
Related Medium article: https://medium.com/sora-xor/the-sora-network-kusama-parachain-auction-5a6fe3a5f35f
SORA Parachain ID: 2011
Contributions Open: January 20, 2022
Parachain auction won: February 6, 2022
To reward contributors, 5000 XOR have been minted and will be distributed as follows:
- 9,363,480 PSWAP; these rewards will be vested
- 676,393 VAL; these rewards are also vested
- 500 XOR will be distributed proportionally to contributors, with full distribution occurring at the start of rewards vesting
The PSWAP, VAL, and XSTUSD tokens bought will be vested and subsequently distributed as rewards to crowdloan contributors, while the remaining 500 XOR will be distributed unvested. Total rewards distributed will depend on the amount raised and will be divided proportionally, based on contributions; a hard cap of 100,000 KSM is anticipated.
Vesting of rewards will be done linearly, every day, starting from the update of the SORA network that begins reward vesting, and ending at approximately the expiration time of the SORA Kusama parachain lease. Reward claiming will be available via the Rewards tab in Polkaswap.io. You can also use your crowdloan contribution rewards as they are released to get even more rewards on Polkaswap, such as the strategic bonus Liquidity provision, TBC, and Market Maker rewards!
Please note that contributors from exchanges will not be eligible for NFTs and DEO tokens.
Contributors from Bifrost SALP are eligible for base rewards and Bifrost NFT, but won't be able to receive the NOIR and RMRK NFTs and Ceres tokens
The following wallets and exchanges announced support for the SORA crowdloan:
After the slot on the Kusama Network is secured, users can support the funding of the auctions in the following years by buying XOR with DOT and KSM from the token bonding curve. By doing so, you'll increase the reserves of the token bonding curve and they will be used to make a bid in the auctions. Furthermore, there is a special reward in PSWAP when buying with DOT and KSM, this reward is higher when there are fewer reserves, and will decrease as they accumulate. You can read the full article about the incentive program here.
In the coming months, there are no more auctions planned. Shortly, KSM tokens will be available on Polkaswap and users can support future auctions using them to buy newly minted XOR from the token bonding curve. By doing so, you'll increase the reserves of the token bonding curve, which will be used to place a bid in the auctions. Furthermore, there is a special reward in PSWAP when buying with DOT and KSM, this reward is higher when there are fewer reserves, and will decrease as they accumulate. You can read the full article about the incentive program
Bifrost SALP aims to provide parachain KSM/DOT voters with the vsKSM/vsDOT and vsBond derivatives assets. vsKSM/vsDOT can be traded in an AMM at any time during the period that KSM/DOT is used for parachain lock-in, and also for DeFi applications such as Liquidity Farming.