Karura’s Crowdloan Registration For Parachain Auction Opened

Published on: 24.05.2021

Karura is the decentralized financial hub of Kusama, have opened its registration for Parachain auction. Kusama is a multi-chain network based on the Polkadot code that allows blockchains to connect for interoperability, scalability, and plug-and-play network security. $KAR is the utility token that powers the DeFi hub of Kusama with a fixed supply of 100,000,000.

Parachain Auction Token Details

KAR will be rewarded to participants who support the Parachain Auction with KAR. Upon receipt, 30% of this KAR will be unlocked and transferable, while the remaining 70% will be vested and released gradually over 48 weeks.

  • Vesting—70% of your initial KAR from the Parachain Auction will vest over a 48 weeks period.
  • KAR Reward—Supporters will receive at least 12 KAR for every 1 KSM contributed. This can increase depending on participation levels.
  • 11% of Supply—will be issued as rewards to supporters of the Parachain Auction.
  • 30% / 70%—30% of initial KAR from the Parachain Auction will be unlocked, liquid, and usable within Karura’s DeFi ecosystem. 70% will vest over the parachain’s 48 weeks slot duration.
  • 5% / 5% Referral—Referral code recipients will receive 10% additional KAR to split between referrer and referee.

ABOUT KARURA

Karura is the all-in-one DeFi hub of Kusama. Founded by the Acala Foundation, Karura is a scalable, EVM-compatible network optimized for DeFi. The platform offers a suite of financial applications including: a trustless staking derivative (liquid KSM), a multi-collateralized stablecoin backed by cross-chain assets (kUSD), and an AMM DEX – all with micro gas fees that can be paid in any token.

RESOURCES

Website

Market Stats:
BTC Dominance: 60.74%(-0.14%/24h)
ETH Dominance: 8.46%(-0.01%/24h)
Defi Market Cap: $81.29B(-14.31%/24h)
Total Market Cap: $2741B(+1.60%/24h)
Total Trading Volume 24h: $74.69B(-14.37%/24h)
ETH Market Cap: $231.83B
Defi to ETH Ratio: 35.07%
Defi Dominance: 2.86%
Altcoin Market Cap: $1076.04B
Altcoin Volume 24h: $46.19B
Total Cryptocurrencies: 34085
Active Cryptocurrencies: 10640
Active Market Pairs: 101226
Active Exchanges: 811
Total Exchanges: 10209
BTC: 83931.91$(0%/1H)
ETH: 1922.59$(0.17%/1H)
AVAX: 18.55$(-0.22%/1H)
BNB: 596.84$(0.56%/1H)
MATIC: 0.22$(0.25%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.74$(0.3%/1H)
DOT: 4.31$(0.47%/1H)
UNI: 6.13$(0.23%/1H)
CAKE: 1.73$(0.33%/1H)
SUSHI: 0.63$(0.32%/1H)
ONE: 0.01$(0.27%/1H)