Composable Finance wins the Second Slot of Round 2 Auctions — Rewards and ROI

Composable finance has won a Polkadot parachain auction
  1. The second auction of second round Polkadot Parachain (Auction#7) has just been concluded. Composable Finance ($LAYR) won it with 100% leading rate.
  2. Composable Finance collected 6,075,487 DOT. The winner of the previous round Efinity collected 8,836,633 DOT. It means, Composable Finance got 1,619,890 DOT less. If this trend continues, the contributors can expect relatively higher amount of tokens if they are not fixed.
  3. Previously, Picasso network, the sister network of won the Kusama parachain. So, now that they grabbed both of the parachains, they are all set to move to the next level.
  4. Initially, Composable Finance allocated 12% of their tokens as the crowdloan rewards. However, during the mid campaign, they announced to increase it to 14% if they can collect 4m DOT, and 16% if they can collect 5m DOT. Now, it means that, they are awarding 16% of their total tokens to the crowdloan participants. This is pretty generous.
  5. If someone contributes for Composable Finance without any perks, the base reward for him will be 2.63 LAYR per DOT.
  6. If someone takes all the perks — used a referral code, his shared referral code brought more than 1000 DOT, contributed to Picasso, and bonded the DOT within 24 hours, the reward will be 3.61 LAYR per DOT
  7. If someone contributes for Composable Finance within 24 hours without referral bonus, the reward for him will be 2.9 LAYR per DOT.
  8. If someone contributes for Composable Finance within 24 hours with a referral bonus, the reward for him will be 2.95 LAYR per DOT.
  9. If someone contributes for Composable Finance within 24 hours with a referral bonus, and his referrals brought 1000 DOT, the reward for him will be 3.48 LAYR per DOT.
  10. If someone contributes for Composable Finance within 72 hours (after after 24 hours) without referral bonus, the reward for him will be 2.77 LAYR per DOT.
  11. If someone contributes for Composable Finance within 72 hours (after after 24 hours) with a referral bonus, the reward for him will be 2.82 LAYR per DOT.
  12. If someone contributes for Composable Finance after 72 hours with a referral bonus, the reward for him will be 2.69 LAYR per DOT.
  13. If someone contributes for Composable Finance after 72 hours with a referral bonus, and his reference brought more than 1000 DOT the reward for him will be 3.21 LAYR per DOT.
  14. The total tokens for Composable finance is 100m. Let’s compare it with the price of other tokens in the market and try to determine the price of LAYR.
  15. The price of Efinity is $0.8316 with 2,000m tokens. Let’s imagine the price of Composable finance like Efinity. It will be $16.63
  16. The price of GLMR is $13.95 with 1,000m tokens. Let’s imagine the price of Composable finance like GLMR. It will be $139.97 per token.
  17. The price of CLV(Clover Finance) is $0.6 with 1,000m tokens. Let’s imagine the price of Composable finance like Clover. It will be $6 per token.
  18. The calculation from 15 to 17 are just for fun, because of the many factors that I didn’t consider.
  19. From now on, you cannot contribute to Composable Finance anymore but rest of the projects will collect DOTs from the contributors.
  20. We will have a week of break before the next auction begins. It will officially start from 20 January.
  21. For the third slot of round 2, Centrifuge, HydraDX and Interlay are currently holding the top 3 positions.
  22. We will get the third winner of round 3 on 27 January. There are 4 more places up for the grab.
  23. In the meantime, KUSAMA parachain auction is going on, you can contribute for Integritee Network or Crab Network as they are all but set to win the next 2 slots.
  24. If you are interested about DOTSAMA crowdloan, you should keep a look at the Polkadot and Kusama Parachain auction handbook. You will find everything you need to participate in the auction including reward information, referral links, current standings, ROI and so on.

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Polkadot Parachain Auctions

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