The long-awaited Polkadot ecosystem parachain auctions have finally begun, starting with Kusama parachains. On June 15, Kusama officially launched its five-round parachain slot auctions. Winning projects will gain 48 weeks (approximately 1 year) of Kusama slot usage rights. Current data suggests Acala's pioneer chain will secure the first Kusama slot.
As an IoT project in the Polkadot ecosystem, it's crucial for Robonomics to establish its presence on Kusama quickly. Therefore, Robonomics plans to participate in Kusama's third slot auction, aiming to raise 1 million KSM from users.
Robonomics Crowdloan Launches on June 28
The first round of Kusama parachain slot auctions began on June 15, 2021, with new rounds starting every 7 days thereafter.
Polkadot allows parachains to raise funds for auctions through decentralized crowdloans. Participants can join by initiating a special transaction with an activity index. All contributed tokens must be liquid and not locked due to staking, governance, or other reasons. Funds are transferred to a dedicated account for the event.
Following the second parachain slot auction, Robonomics' auction module will go live immediately to compete in the third round for the third slot position. Users can participate in the Robonomics crowdloan starting June 29 until the project successfully wins the auction.
Key Details:
- Lock-up Period: Contributed KSM remains locked throughout the 48-week lease period
Rewards:
- Option 1: 100% native XRT tokens after parachain launch
- Option 2: 25% ERC-20 tokens immediately after successful auction + 75% native tokens post-launch (2-4 weeks later)
👉 Secure your spot in Robonomics' crowdloan today
How to Participate in Robonomics Crowdloan
You can join through the dedicated interface:
- Substrate Portal: Polkadot developers provide a native interface to track crowdloan progress
- Robonomics Website: The crowdloan module will be available on the official site after June 28
Participation Steps:
- Connect your wallet to the crowdloan platform
- Select your preferred reward option
- Confirm your KSM contribution amount
- Complete the transaction
Post-Auction Roadmap
Upon becoming a parachain, Robonomics will implement:
Genesis Phase (Week 0):
- XRT transfers
- IoT device telemetry payments using XRT
- Sudo account establishment
- Technical committee formation
Subsequent Updates:
- Staking functionality (Weeks 1-3): 10% APY for general users, 125% APY for crowdloan participants
- Treasury integration (Weeks 4-6): DAO fund migration from Ethereum
- RWS token launch (Weeks 7-8): IoT management features
- Robot-as-a-service (Weeks 9-10): Automated service control
- Robobank (Weeks 11-12): Advanced financial services
- Sudo removal (Weeks 13-14): Full decentralization
👉 Discover Robonomics' full ecosystem potential
FAQ
Q: When does the crowdloan close?
A: It remains open until Robonomics successfully wins a parachain slot.
Q: Can I withdraw my KSM early?
A: No, contributed KSM remains locked for the full 48-week lease period.
Q: How are rewards distributed?
A: Either 100% native tokens post-launch or 25% ERC-20 + 75% native tokens.
Q: What happens if Robonomics doesn't win?
A: Contributed KSM will be returned to participants immediately.
Q: Is there a minimum contribution?
A: No minimum amount is required - participate with any KSM balance.
Q: Where can I track the auction progress?
A: Official updates will be posted on Robonomics' social channels and website.