Robonomics Crowdloan final parameters and 48 weeks roadmap

Robonomics Developers publish the KSM crowdloan module on June 28th. Meet final parameters, increased rewards, Robonomics development plans after auction.
Robonomics Crowdloan final parameters and 48 weeks roadmap

Robonomics Crowdloan final parameters

Robonomics Developers will publish the KSM crowdloan module on June 28th with the following parameters:

  • Crowdloan limit - 135,000 KSM. It’ll allow competing for the 3rd slot. At the moment, PLO auction participants bid around 25,000 - 30,000 KSM for the 5th slot
  • For each KSM bonded, you’ll get 3.5 XRT on the horizon of 48 weeks. Based on the current XRT and KSM price, Robonomics crowdloan offer outperforms Kusama Relay Chain staking by x1.5
  • 1.725 XRT will be unlocked within the first month after the Robonomics parachain launch
  • KSM bonders will get the entire reward in one year of XRT staking with an increased APR of up to 100%
  • Distribution of the crowdloan rewards will happen in Robonomics parachain. There won’t be an option to get rewards in ERC-20 XRT

Bonuses

  • Robonomics crowdloan won’t provide any referral bonuses
  • Increased reward for the first 35,000 KSM collected. Get 5 XRT instead of 3,5 in one year
  • Extra reward for Robonomics Polkapet NFT holders, who’ll bond the first 35,000 KSM. Get 6 XRT instead of 3,5 XRT in one year.

Most important to know

Robonomics developers are early adopters of Polkadot. We understand that the current technical implementation of the Kusama Relay Chain and Substrate framework may contain errors and be reviewed this or next year. The participants of the crowdloan campaign need to keep that in mind.

Besides, the entire Polkadot ecosystem is establishing now, this process may take an indefinite time. Don’t forget this whenever studying any plans of developers.

This is a grand experiment, ladies and gentlemen. You want to participate in it at your own risk.

Welcome to our journey!

Roadmap - Life after auction

Part 1: Establishing core functionality

In 3 months after the Robonomics parachain launch, Robonomics developers are going to activate the core functionally that’s been developing during 2019-2021, and also supplement the network with modules that have proven themselves in the Polkadot and Kusama ecosystems.

  • Genesis state: (0 week). Launch of the starter pack of Robonomics parachain functions with IoT management services and collators reward systems.
  • Update 1.1: Staking and allowing transfers (3 - 4 week). Will allow you to transfer XRT and stake your XRT with a 10% APR for token holders and 100% for Crowdloan participants.
  • Update 1.2: Treasury and Technical committee (4 - 6 week). Will allow transferring a share of the DAO funds from Ethereum to the parachain. The Technical Committee can produce emergency referenda. These are used for emergency bug fixes or rapid implementation of new but battle-tested features into the runtime.
  • Update 1.3: RWS (7 - 8 week). Will allow using IoT management functions with not only commission payments in XRT but a monthly subscription as well.
  • Update 1.4: Robot-as-a-service (9 - 10 week). Will allow to implement a control process for the provision of automated services and use payments within transactions to launch devices.
  • Update 1.5: XCMP functionality and Robobank (11 - 12 week). The solution is based on the Polkadot XCMP architecture that will allow any parachain to get access to IoT device management with payment in a native token.
  • Update 1.6: Democracy and Remove Sudo (13 - 14 week). Developers won’t have the ability to interfere with the operations of the network without the involvement of the technical committee or voting of parachain native token holders.

Part 2: Launch services based on Robonomics R&D

2nd part of Robonomics parachain growth in Kusama designated to the launch of services based on previous Robonomics team’s R&D projects.

  • Globally available digital passports of products. By supplementing the status of digital twins with information about the produced products, customers will be able to issue digital passports protected against changes and loss of information in the future. This use case is already implemented as a pilot at the enterprise that’s producing drones. The solution used for quality control during packaging with video recording.
  • Smart leasing of IoT & Robotics. We’ll demonstrate the ability to use the Robonomics parachain for leasing an IoT/Robotics device. Using the example of 2 robots controlled by Robonomics parachain in 2 different industries. The first use case - an educational program based on Boston Dynamics SDK, during which developers will learn how to control the famous robot dog - Spot. The second one - an industrial manipulator sold under a leasing agreement in the United States. Both robots will provide customers with automatically generated reports at the end of the user session.
  • Environmental mitigation services for smart buildings with real carbon credits. It will allow customers to automatically collect information about the electricity consumption of the household or apartment building, burn carbon credits, and store a report in the parachain.
  • Fault-tolerant civil sensors network. A complete set of software modules for creating a sensor network in a city or enterprise to track the desired indicators and provide access to them without a central point of failure. Today it is being tested in one of Russian’s industrial cities - Togliatti.
  • Self-driving cars and drones traffic management solution to avoid route collisions in public areas. It’ll allow managing a fleet of drones with publicly monitored access to route changes to public agencies responsible for local security and efficiency of air space and roads.
  • Ecosystem integration updates. We will focus on integrations with other parachains to expand the capabilities of IoT projects that are interested in the Polkadot ecosystem’s features.

Part 3: Transform into Robonomics Relay Chain

The final task for the 48 weeks of existence in the Kusama network is the transformation of the Robonomics parachain into the Robonomics Relay Chain. This is our vision of the future of Robonomics, as a complete segment of the Polkadot infrastructure specifically prepared for working with IoT devices.

How to participate in the crowdloan?

We’ll announce the launch of the Robonomics Crowdloan campaign on the Robonomics Twitter account in the coming hours.

Participate in the crowdloan through the dedicated page:

https://robonomics.network/kusama-slot

You can also always use the standard interfaces from parity:

https://polkadot.js.org/apps/#/parachains/crowdloan

Welcome to our journey!

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