Totem Kapex Pledge Round
To receive your maximum Kapex Allocations on their Polkadot Parachain — don’t forget to fulfill your Pledge
Totem Kapex Pledge Round, and provide an update on where they are since that momentus event.
KAPEX Parachain — Current State
You may have noticed that their parachain is not yet producing blocks. This is a temporary state whilst we ensure that our Parachain infrastructure ready. They have also engaged SRLabs to run a security audit in the first week of August and once that has been completed, we will onboard our collators to launch the KAPEX parachain — and then the fun begins!
KAPEX Post go-live Upgrade
The Kapex Parachain will undergo a post go-live upgrade to the latest version of the code from the Parachain Template, Substrate and Polkadot. This will happen before allocations are distributed, and before the balance transfer lock is lifted to ensure that the network is stable. They will announce the expect upgrade some time in August.
The reason for the upgrade is that the Polkadot network has undergone significant changes since we uploaded our parachain to Polkadot in April. It seems like such a long time ago now, and it is in development terms. We need to ensure that our parachain gets all the benefits of that upgrade.
They will also set out their plans over the coming year and will publish that as soon as they can.
The Pledge Round Begins
For those who contributed in the KAPEX Parachain Crowdloan on Polkadot, you now have an opportunity to fulfil your pledge to get the full allocation of KAPEX coins on the Kapex Parachain.
They have updated their Crowdloan DAPP so that it can help you fulfill your pledge in the easiest way possible. Although this announcement takes place on 15th July 2022, the Dapp will not take transactions until 18th July on or before midday CET.
The Dapp shows you a new more accurate calculation of your rewards and gives you the opportunity to fulfill your pledge up to 100% of your Crowdloan Contribution Amount earning the maximum amount of KAPEX for your Corwdloan and Pledge contributions.
The reason why this is a “more accurate” calculation — but not the final calculation — is that prior to the end of the Crowdloan we could not know the exact amount that was raised. Now that we have that information, we can get reasonably close to a final amount.
The figure still does not include your referral rewards which means that it is a minimum amount of KAPEX that you can expect to receive. Yes you read that right — you will get more than this!
Pledge Schedule
The Pledge Round will officially begin on or just before midday CET on 18 July 2022. It will end at midnight CET on 8 August 2022.
About Totem
The Totem | Live Accounting is part of the Polkadot Ecosystem. The Totem Live Accounting is built on the idea that accounting ledgers should be able to communicate directly with each other, anywhere in the world, in real-time.
