Tokensoft Will Support Polkadot Projects Participating In Parachain Slot Auctions

Polkadot community projects can use the Tokensoft platform to bootstrap a bid on Polkadot Parachain slots, raise funds in $DOT, and distribute digital assets to Polkadot community members.

Projects seeking to launch on Polkadot must win a Parachain Slot Auction in order to gain a slot on Polkadot. This allows them to inherit Polkadot’s proof-of-stake security and to utilize Polkadot’s cross-chain interoperability. Teams can garner community support via a ‘crowdloan’ in order to bootstrap their bid in the parachain slot auction.

Upon winning an auction, teams then reward contributors with their native token. Tokensoft helps build the community relationship while leveraging the battle-tested infrastructure that brought projects such as Tezos, Avalanche, and The Graph to market.

Customers of Tokensoft can take advantage of the following benefits:

— Large offerings for up to a million community members.
— Support for DOT, BTC, ETH, USDC, Dai, and other funding methods
— A fair and broad distribution to community members

About Tokensoft

Tokensoft is a technology platform for creating and managing digital assets, based in Austin, Texas. To date, Tokensoft has helped create over $10 Billion in market capitalization with projects such as Avalanche, The Graph and INX.

About Acala

Acala is an all-in-one decentralized finance network offering a blockchain platform secured by Polkadot, as well as a suite of cross-chain financial applications that let users trade, issue self-serviced loans, become liquidity providers, access trustless staking derivatives (liquid DOT — LDOT), and earn high-interest APY on their digital assets. The network is scalable, Ethereum-compatible, and optimized for DeFi.

About Moonbeam

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot.

➡️Source:
https://medium.com/tokensoft/tokensoft-announces-support-for-polkadot-parachains-fbb0bf317125