$TUR Price Discovery & Crowdloan Rewards Evaluation 🛍️
Our Turing Network has come a long way since our Kusama crowdloan & now our successful bootstrap on Mangata X. Find out more about how our rewards & token are performing here.
Turing Token Price & Data:
References & data provided below
With the completion of the $TUR bootstrapping event on August 31st, 2022 we have seen over two weeks of trading on the $TUR token with the value averaging a price of 0.034 $USD per $TUR during the month of September so far. With an average reward of 1150 TUR per 1 KSM contribution this makes the Turing crowdloan rewards to be approximately valued at $39.00USD per 1 KSM contribution (as of September 16th).
The OAK team is incredibly happy with this performance as it puts the Turing crowdloan as the second most lucrative crowdloan on Kusama behind only Moonriver. We have also compared the Turing crowdloan rewards based on a 100 $USD contribution at the time of the crowdloan. With KSM trading at $166.42USD on March 25th, 2022 (the date of the Turing crowdloan winning bid) a $100 contribution to our crowdloan on average would have rewarded 691.02 TUR. At the averaging price of 0.034 $USD per $TUR this creates a reward of approximately $23.34 USD per $100.00 USD contribution. [see appendix for data]
The current mean for Kusama crowdloan average rewards per $100usd is $9.94 (and $5.84 excluding Moonriver).
This 100 $USD comparison also puts the Turing crowdloan rewards to be the second highest of all Kusama crowdloans. With our TUR tokens also offering solid staking and liquidity pooling rewards the team is hoping that all of our crowdloan participants are pleased with their decision to support our crowdloan and continue to help grow our community.
Our collators are currently offering an APR of 145.2%. With even greater yield coming to users who are using our auto-compounding feature which will create even more utility and value for the $TUR token.
OAK Network Polkadot Crowdloan:
Our team at OAK is hopeful to carry this crowdloan success on to our Polkadot crowdloan. The OAK Network Polkadot Crowdloan begins on September 20th, 2022 at 7PM GMT, with 1 DOT rewarding a base value of 75.5 OAK. There are also a range of community bonuses — more information about the crowdloan rewards can be found in the link below.
Our team is excited to be participating in the auction at this time as we hope to be able to provide lucrative rewards for our Polkadot crowdloan supporters. With current Polkadot crowdloans averaging $11.37 rewards per $100usd of DOT we are hoping to continue a trend of improved Polkadot crowdloan rewards during the current market conditions.
As the Polkadot and Kusama ecosystems continue to grow the OAK Network team is excited to see how the crowdloan system develops. As fans and supporters of the crowdloan mechanism we are proud to be in a position where our community has and can continue to benefit from our parachain rewards.
To find out more about the OAK Network team or to ask any questions about automation or our upcoming Polkadot crowdloan be sure to join our community Discord.
Appendix:
Data & prices are captured on September 6th, 2022 and are therefore subject to significant change.
References:
https://app.web3go.xyz/#/TuringStaking
https://coinmarketcap.com/currencies/kusama/
https://coinmarketcap.com/currencies/polkadot-new/
https://moonriver.moonscan.io/charts
