After listening to the community, Calamari adjusted the maximum hardcap from 300,000 KSM to 200,000 KSM.
As the 6th slot auction draws to a close, Calamari Network has opened a new round of hard caps. In other words, Calamari will take out up to 2 billion KMA tokens as rewards for crowdlending, raising a maximum of 200,000 KSM.
Since Calamari started KSM crowdfunding, in just one week, there have been more than 10,000 contributors, and more than 130,000 KSM have been locked. We are very touched by the huge support of the community. At the same time, we also hope that everyone will remain rational and calm. In a survey on the cost of parachains launched to the community, more than 80% (676 votes) of the participants believed that bidding for a parachain slot should not cost more than 200,000 KSM.
Despite the high enthusiasm for Calamari's participation in the Kusama auction, we believe that the community's consideration of the cost of parachains is worth adopting. Therefore, the originally scheduled second phase of 200,000 KSM will be the highest hard cap for Calamari.
For the long-term sustainable development of Calamari, this is a very practical and representative community decision. From a practical point of view, Calamari can use the rewards of the third-stage hardcap as a reserve for future parachain crowdlending rewards. After the parachain lease expires, we will re-participate in the auction and give the community enough incentives.
We value and want to listen to the voice of the community. With the number of crowdlending participants exceeding 10,000+, everyone's enthusiasm for participating in Calamari continues, and our community is also growing rapidly. Manta and Calamari core contributors are active daily on Telegram, Discord, and other Polkadot/Kusama community platforms. I believe everyone can see it.
Secondly, from an ecological point of view, we also hope to help more excellent projects win parachain slots and avoid forming zero-sum game competition with other ecological partners. This is very important for the entire Kusama or Polkadot ecosystem.
About Calamari Network
About Calamari Network
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About Manta Network
Manta Network is Polkadot's first on-chain privacy protection project. It provides DeFi users with the highest security level of on-chain privacy protection through the cryptographic technology zkSNARK, aiming to become the privacy protection infrastructure of the entire decentralized finance. Manta’s early products include MantaPay, a private payment protocol, and MantaSwap, the first private DEX protocol in the Polkadot ecosystem. Based on the Substrate framework, Manta can provide plug-and-play privacy protection services for the entire Polkadot ecosystem.
Manta's founding team consists of several cryptocurrency veterans, professors, and academics whose experience includes Harvard, MIT, and Algorand. Manta’s advisors include Hypersphere Ventures co-founder Jack Platts, Polychain partner Tekin Salimi, former Web3 Foundation co-founder Ashley Tyson, Consensys’ Shuyao Kong.
Manta has previously completed a million-dollar seed round financing led by Polychain, with participation from DeFiance, Multicoin, Alameda, and Hypersphere. Manta is also a grant recipient of Polkadot's official Web3 Foundation, a member of the Substrate Builder Program, and a member of the Berkeley University Blockchain Accelerator.
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Website:https://manta.network/
Github:https://github.com/Manta-Network
Twitter:https://medium.com/@mantanetwork
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