On August 31, Zenlink SlotVault was officially launched to provide support for bidding slots for parachain projects. The first batch of supported projects include Manta Network / Clover Finance / ChainX / Crust Network. On the first day of launch, the contribution amount to help parachain crowdlending reached 15,700 KSM.

Today we are excited to announce that Zenlink SlotVault has been integrated into Centrifuge to power Altair, its leading network, for auctioning Kusama parachain slots. Now, users can visit https://slotvault.zenlink.pro/ to vote for their crowdfunding and win additional ZLK rewards (note: the total number of ZLK is 100 million).

Unlike the first four projects supported, Zenlink will provide Altair with up to 100,000 ZLK as an additional incentive for its crowdlending supporters. Therefore, its reward distribution is adjusted as follows:

• Tier 1: The total amount of crowdfunding < 1000 KSM, if the total amount of crowdlending participating in this project through SlotVault is less than the minimum incentive threshold of 1000 KSM, the user will not be able to obtain any ZLK rewards;

• The second tier: 1000 KSM ≤ total amount of crowdfunding < 5000 KSM, if the total amount of crowdlending involved in this project through SlotVault is greater than or equal to 1000 KSM but less than 5000 KSM, each KSM will be rewarded with 2 ZLK;

• The third tier: 5000 KSM ≤ total amount of crowdfunding < 25000 KSM, if the total amount of crowdlending involved in this project through SlotVault is greater than or equal to 5000 KSM but less than 25000 KSM, each KSM will be rewarded with 3 ZLK;

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illustrate:

• If the SlotVault-supported project fails to bid for the slot, you only need to participate in the crowd-loan of the project through SlotVault, and the total amount of crowd-loan is greater than or equal to 1000 KSM, so that each KSM can get 1 ZLK reward; below this threshold, there will be no ZLK award.

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