The 8th round of the Kusama (KSM) Slot Auction started on September 15, 2021. According to data provided by Polkadot, as of 6:00 UTC on September 17, 2021, Altair ranks at the top with 70,915.7915 KSM pledged. The Gate AIR lock-up finance has locked in 7.149868 KSM and the remaining position amounts to 37492.850132 KSM.
All users are welcome to lock up KSM to help support projects and earn on-chain prize pools for bidding projects! New users sign up at Gate to participate.
KSM projects:
KSM Slot: Lock-up KSM ＆ Earn AIR: https://www.gate.com/hodl/765
KSM Slot: Lock-up KSM ＆ Earn TEER: https://www.gate.com/hodl/759
KSM Slot: Lock-up KSM ＆ Earn KINT: https://www.gate.com/hodl/760
KSM Slot: Lock-up KSM ＆ Earn SKU: https://www.gate.com/hodl/730
KSM Slot: Lock-up KSM ＆ Earn SGB: https://www.gate.com/hodl/729
KSM Slot: Lock-up KSM ＆ Earn XRT: https://www.gate.com/hodl/727
KSM Slot: Lock-up KSM ＆ Earn PICA: https://www.gate.com/hodl/725
KSM Slot: Lock-up KSM ＆ Earn GENS: https://www.gate.com/hodl/724
KSM Slot: Lock-up KSM ＆ Earn PKS: https://www.gate.com/hodl/607
KSM Slot: Lock-up KSM ＆ Earn KAZE: https://www.gate.com/hodl/608
KSM Slot: Lock-up KSM ＆ Earn CRU and CSM: https://www.gate.com/hodl/609
KSM Slot: Lock-up KSM ＆ Earn KSX: https://www.gate.com/hodl/599
KSM Slot: Lock-up KSM ＆ Earn CRING: https://www.gate.com/hodl/600
KSM Slot: Lock-up KSM ＆ Earn KILT: https://www.gate.com/hodl/726(removed)
KSM Slot: Lock-up KSM ＆ Earn KPN: https://www.gate.com/hodl/606(removed)
KSM Slot: Lock-up KSM ＆ Earn KMA: https://www.gate.com/hodl/728(removed)
*Rate Subject to on-chain revenue
Methods:
App: Click“Gate Finance on the Markets page.
Web: Click“Finance”on the top of the homepage.
Procedure
1. KSM Lockup & Earn Participation: Users can deposit or buy KSM to
join and support different projects in the Auction. Project details:
2. KSM Slot Auction: Auction will be conducted on chain, please keep an eye on the result. If the project you support fails in the auction, the funds of KSM you locked will be returned without interest.
3. Interest Distribution: When the project you support wins an auction, we will distribute interest according to the annual interest rate on-chain. Once the funds on KSM on-chain are unlocked in advance, we will also release the KSM to users right away.
Rules
1. Lockup token: KSM
2. Interest token: KPN(removed), PKS, KAZE, CRU and CSM, KSX, CRING, SKU, SGB, KMA(removed), XRT, KILT(removed), PICA, GENS、TEER、KINT、AIR
3. Fees: 0
4. Annual interest rate is subject to the rate on chain
5. When the project you support wins the auction, we will distribute interest according to the annual interest rate on-chain.
6. Once the funds on KSM on-chain are unlocked in advance, we will also release the KSM to users right away.
7. If the project you support fails in the auction, the funds of KSM you locked will be returned with no interest.
*
1. Other supported projects in the auction will be updated later on Gate Finance.
2. Gate only serves as the platform to provide users with services for participating in the auction, and does not bear any financial losses caused by the project’s team or the security of the chain.
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Gate Team
September 17th, 2021
Disclaimer
The content provided herein is for reference and educational purposes only and does not constitute any financial, investment, trading, or legal advice, nor does it constitute an offer or solicitation to buy or sell any digital assets. Gate makes no express or implied representations or warranties regarding the accuracy, completeness, or timeliness of the information contained herein. Product features, interfaces, rules, and fee structures may be updated or adjusted at any time. Please refer to the latest announcements and the actual information displayed on the Gate platform for the most accurate details.
Digital asset investments involve significant risk, and prices may fluctuate substantially. You may lose the entire amount of your investment. Please make decisions cautiously based on your own financial situation and risk tolerance after fully understanding the associated risks. If necessary, you are advised to consult an independent professional financial or legal advisor.
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