It’s auction time at Integritee! We are happy to announce our Polkadot crowdloan campaign starts on February 7th at 9:00 am GMT, bidding for the lease periods 17–23.
What are Parachain Slot Auctions?
For a parachain to be added to Polkadot it must inhabit one of the available parachain slots. The number of parachain slots is not unbounded on Polkadot, as only a limited number are available. A limited number of slots are unlocked every few months through on-chain governance.
If a parachain wants to have guaranteed block inclusion at every Relay Chain block, it must acquire a parachain slot. The parachain slots will be leased according to an unpermissioned candle auction, with several alterations related to improving security while operating on a blockchain.
What is a Crowdloan Campaign?
A crowdloan campaign is a means to win a parachain auction, which allows the community to participate in a trustless and permissionless way. Crowdloans are trustless and are supported natively on Polkadot, allowing the community to bond their tokens on a Project’s behalf for the entire parachain lease duration.
This allows a Project to compete with other projects via community support. In return, the community contributors are rewarded by the projects that win the parachain slot, which would compensate for the opportunity cost of bonding their tokens for the lease duration.
Integritee Crowdloan Reward Structure
Our community matters and that’s why we are rewarding all contributors with TEER tokens. Everyone with DOT can participate and there are many ways — and platforms — where you can do it. For every DOT you bond in support of Integritee, you’ll get 2.5 TEER.
Here is a sum of all the rewards on offer for the current lease period:
All TEER rewards are subject to linear vesting over the 96 weeks of lease periods 17–23.
We’ve created different reward incentives to meet everyone’s needs, and one thing is sure: you will always be rewarded for supporting us! Here is a breakdown of our incentives:
- Basic Supporter Rewards — Everyone who backs Integritee in this campaign will get 2.5 TEER for each staked DOT. The crowdloan is capped at a total of 100.000 DOT in contributions.
- Early Supporter Bonus — If you contribute to our crowdloan campaign in the first 72 hours (the deadline is February 10, 9:00 AM GMT), you’ll get 20% additional on top of the basic supporter rewards.
- Loyalty Rewards — There’s a 15% bonus on top of the basic supporter rewards for everyone who’s contributed to our previous winning Polkadot crowdloan.
Where & How to Participate in the Crowdloan
- Integritee Crowdloan Page
- Mobile wallet: Nova and Fearless
- Desktop wallet: Talisman and Subwallet
- Via parachains.info website or directly via Polkadot.js
- Bifrost Web App
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Integritee is the most scalable, privacy-enabling network with a Parachain on Kusama and Polkadot. Our SDK solution combines the security and trust of Polkadot, the scalability of second-layer Sidechains, and the confidentiality of Trusted Execution Environments (TEE), special-purpose hardware based on Intel Software Guard Extensions (SGX) technology inside which computations run securely, confidentially, and verifiably.