Integritee Announce New Rewards For Upcoming Kusama Auctions

Published on: 20.10.2021

Total 1,000,000 $TEER token, 10% of Integritee’s total token supply has been allocated to reward crowdloan backers for their support in upcoming Kusama auctions.

New Early Supporter Bonus and Loyalty Rewards mean up to 400,000 TEER in additional bonus rewards are up for grabs.

Kusama Slot Auctions & Crowdloan

Kusama: Kusama is the “canary network” of Polkadot — a live network with real economic incentives where projects can innovate, experiment and optimize their parachains. Launching a Kusama parachain is the first step towards gaining a parachain slot on the Polkadot network.

The Kusama Parachain Auctions: Each Kusama parachain slot is leased to a project for a specific time slot (lasting 6–48 weeks). The slot will be awarded to the project that provides the largest bond in the form of locked-in KSM.

Kusama Crowdloan: Backers can support their favourite projects by bonding or “locking-in” KSM for the duration of the lease period. Backers retain full access to their KSM once the lease period ends. In return for supporting Integritee, we offer crowdloan backers TEER token rewards.

About Integritee

Integritee is the most scalable public blockchain solution for securely processing sensitive business or personal data. Integritee provides third-party developers with highly scalable, Polkadot sidechains that are interoperable with any web2 or web3 system,

➡️Source:
https://medium.com/integritee/integritee-announce-new-rewards-for-upcoming-kusama-auctions-816f1cbf81b5

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