Robonomics Parathread ID = 2077
This is great news indeed! There were many concerns that the successful connection of the first 5 parachains would shift the focus of the entire community and developers to replicating already tried mechanisms in the Polkadot network. But no! Not long after, and you can see how the Kusama network is deciding to hold a second wave of auctions. The Robonomics team is pleased with this news, and we will try to get into the list of projects that can say with confidence they are part of the Polkadot ecosystem in September.
Below you will find the final parameters of the second crowdloan of the Robonomics company, and the answers to the most interesting questions that we, as the project developers, have tried to proactively highlight.
During the first auctions of the Kusama network, Robonomics published a crowdloan module for the start of the 3rd auction. It was necessary to try to guess the sufficient fundraising limit. As a result, it was decided to set a collection limit of 135,000 KSM. If you look at the results of auctions from the 3rd to the 5th, then the limit was chosen, we can say with pinpoint accuracy:
Source: Making History: An Overview of the First Five Parachain Slot Auctions on Kusama
Also, as can be seen from the statistics of the last Robonomics crowdloan company, about ~ 27,000 KSM were collected in total. Among the projects that participated in the first wave of auctions, such a volume allowed the project to be on the 7th line, i.e. become the second project among those who did not receive a slot in the first wave. In general, we are confident that the second wave of auctions should be successful not only for the Kusama chain, but also for us personally. In general, in order to successfully pass the second wave of auctions, we want to do the main thing - not to change the conditions of participation…
Robonomics Developers will publish the KSM crowdloan module on August 30 with the following parameters:
Robonomics Parathread ID = 2077
The start of the crowdloan company - from the 6th auction of the Kusama network.
Crowdloan limit - 135,000 KSM
For each KSM bonded, you’ll get 3.5 XRT on the horizon of 48 weeks
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%
All members of the crowdloan company will receive a Robonomics Pioneer NFT card. The Robonomics pioneer card is a pleasant reminder that you have participated in an event important for the development of robot economy ideas, but it does not guarantee the holder additional value in terms of money
Distribution of the crowdloan rewards will happen in Robonomics parachain. There won’t be an option to get rewards in ERC-20 XRT
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
Robonomics crowdloan won’t provide any referral bonuses
No plan B rewards
Today, the Robonomics parachain is undergoing a process of further development and testing inside an up-to-date copy of Kusama, supported by the developers, called Frontier Network. By mid-September, we will have to finish checking the functionality of the update 1.1 Staking and 1.2 Treasury and Technical committee updates of the Frontier network, which in turn will significantly reduce the time to implement these updates after the launch in Kusama. Also, all balances of parachain users in the Frontier network will be transferred to the Robonomics parachain managed by Kusama ASAP.
Thus, the updated roadmap for the development of the Robonomics parachain for the period of slot leasing will look like this:
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.
2nd part of Robonomics parachain growth in Kusama designated to the launch of services based on previous Robonomics team’s R&D projects.
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.
Kusama is an experimental network, and the main thing for which it is worth participating in any activity around this network is the desire to be involved in a large experiment. When deciding whether you will help Robonomics during the second crowdloan company or not, the only significant question for you should be - do I want to see the functionality of connecting IoT devices from the real world under the control of the Kusama network in the near future? If you answer is yes, then you are as crazy as we are - you want to turn the world around, which means you are welcome on board!