Image courtesy of Levon.

Parallel Heiko’s Parachain Crowdloan: Everything You Need to Know

TL;DR

  • Heiko’s crowdloan campaign will be one month and its parachain lease will be one year.
  • Contributors will be rewarded with Heiko tokens (HKO) and as high as 5% of the HKO total supply will be distributed (2.5% for current crowdloan and 2.5% for future crowdloan)
  • Click here for the crowdloan participation guide.
  • Parallel is hiring! Click here to submit your resume and cover letter.

Parallel Heiko’s Kusama Parachain Auction

How to Prepare

How to Participate

Check out this brief guide on how to use the Polkadot.{js} crowdloan module to contribute to Parallel’s crowdloan.

Parallel Heiko Token Distribution

Reward Rate = total HKO rewards / total KSM contribution

Vesting

HKO’s Utilities

  • HKO is a native fee token that is required to execute the functionalities and security of the protocol.
  • The native token is utilized to incentivize collators and validators, which is the mechanism that powers the decentralized node infrastructure of the network.
  • HKO token is utilized to hedge risks, incentivize rewards, and share profits. The insurance parameters are determined by HKO token governance in the event of a slash.
  • HKO will be burned whenever a fee is paid on our platform. These fees include money market fees, staking/unstaking fees, transaction fees, and any fees in our future fixed-rate products as well.
  • HKO will be added as an incentive for users to stake, lend, and borrow on Heiko.
  • Validators will have incentives to hold HKO in order to be whitelisted in our node evaluation schema/algorithm. The more HKO they hold, the better their chances will be of being nominated by our stakers.

Parallel Heiko’s Markets

Leverage Staking

Auction Lending

Join the Crowdloan Waitlist:

Get ready for the upcoming Parallel Heiko crowdloan.

A special thanks to our partners for their continued support.

Join our community on Discord.

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Parallel is hiring! Click HERE to submit your resume and cover letter.

Disclaimer:

Decentralized lending, staking, and borrowing built on the Polkadot Ecosystem.