Crowdloan

By: WEEX|2024/10/25 08:08:40

Crowdloan is a decentralized fundraising mechanism used primarily in the Polkadot and Kusama ecosystems. In a crowdloan, users lend their cryptocurrency (often DOT or KSM tokens) to a project competing for a parachain slot in an auction. The loaned tokens are locked for a specified period, during which the project uses the funds to bid for the parachain slot. If the project wins, contributors are rewarded, typically with the project’s native tokens. After the lease period, the loaned tokens are returned to the contributors. Crowdloans provide a way for users to support projects they believe in without directly purchasing tokens, although they involve risks such as lock-up periods and uncertainty about rewards.

You may also like

News thumbnail

Where Is Cryptocurrency Legal? A Global Map for 2025

Discover which countries are crypto-legal and friendly in 2025. Our guide covers global regulations to help you invest and operate safely.

WEEX|2025/07/18 09:32:02
News thumbnail

What are Tokenized US Stocks: How They Work, Models, and Future Development

Tokenized US stocks are digital versions of real stocks on a blockchain. This guide covers their history, how they work, different models, and future.

WEEX|2025/07/18 09:08:28
Limoverse (LIMO) to Launch on WEEX with LIMO USDT Spot Pair

Limoverse (LIMO) to Launch on WEEX with LIMO USDT Spot Pair

Limoverse (LIMO) will be listed on WEEX, and the LIMO USDT spot trading pair will be available soon. As a Web3-powered health and wellness ecosystem, Limoverse (LIMO) integrates blockchain innovation into lifestyle rewards, offering users real utility with its $LIMO token.

WEEX|2025/07/18 05:40:30
RUDI USDT Trading Now Available on WEEX Spot

RUDI USDT Trading Now Available on WEEX Spot

WEEX is excited to list RUDI on spot trading, with RUDI USDT trading kicking off July 17, 2025 at 10:00 UTC. Inspired by Elon Musk’s Grok AI mascot, RUDI is a high-volume Solana-based meme token gaining rapid traction.

WEEX|2025/07/18 03:18:44
Hyperion (RION) Debuts on WEEX Spot – RION USDT Pair Now Live

Hyperion (RION) Debuts on WEEX Spot – RION USDT Pair Now Live

WEEX has added Hyperion (RION) to its spot trading platform, with RION USDT trading beginning July 17, 2025 at 10:00 UTC. Hyperion is a high-performance DeFi layer on Aptos, powered by parallel execution and backed by top investors.

WEEX|2025/07/18 03:10:35
Share
copy

Gainers

Community
iconiconiconiconiconiconiconicon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]