Phala Network
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Phala Network

Guidance | How to Vote for Phala Network?

Phala Network tackles the issue of trust in computation clouds. By organizing a decentralized network of computation nodes around the world, it offers high-performance services without relying on any cloud vendor. Phala’s workers run their programs in Secure Enclaves, a privacy technology already embedded into modern processors, which enables versatile and confidential execution. Together, Phala creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.

Phala is currently bidding for the second batch of Polkadot slot auctions as its roadmap shows, it aims to implement its mainnet on Polkadot, serving enterprise-scale blockchains, metaverse, and DeFi services in the near future.

To achieve this goal, we need the power from our PHAmily, and we value your efforts very much. Let’s make history together for Phala!

👉 Details: Phala Slot Auction strategy

The most common way to contribute to Phala is voting through Polkadot.js directly 👇

Besides, you can join the auction via the following tools/ platforms. Some of them provide additional rewards/bonuses for Phala crowdloan contributors, please kindly check below:

🔗 1. Parallel

💡 ANN

🙋 Contribute to PHA crowdloan via Parallel:https://crowdloan.parallel.fi/#/auction/contribute/polkadot/2035

Additional rewards:

1DOT=4 PARA

1DOT=1cDOT

🔗 2. Equilibrium

💡 ANN

🙋 Contribute to PHA crowdloan via Equilibrium:https://xdot.equilibrium.io/en/contribute?p=Phala

Additional rewards:

Phala partners with Equilibrium to incentivize community support Phala. In return for the backers, Equilibrium allocates 2,000,000 EQ tokens to those who lock up their DOTs through xDOT. The participants supporting Phala Network using xDOT will earn special rewards — an increased crowdloan bonus that equals 10 EQ tokens per staked DOT.

🔗 3. Bifrost

💡 ANN

🙋 Contribute to PHA crowdloan via Bifrost: https://bifrost.app/vcrowdloan?paraId=2035

🔗 4. Subscan

🙋 Contribute to PHA crowdloan via Subscan:https://polkadot.subscan.io/crowdloan

🔗 5. Dotmarketcap

🙋 Contribute to PHA crowdloan via Dotmarketcap:https://dotmarketcap.com/auction/polkadot

🔗 6. OKEx

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🙋 Contribute to PHA crowdloan via OKEx:https://www.okex.com/earn/slotauction/home

🔗 7. AscendEX

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🙋 Contribute to PHA crowdloan via AscendEX:https://asdex.me/en/dotslot

Additional rewards:

Users who participate in DOT Slot Auction will receive rewards for their DOT and will also share a total of 40,000 USDT prize pool provided by AscendEX.

🔗 8. Gate.io

💡 ANN

🙋 Contribute to PHA crowdloan via Gate.io:https://www.gate.io/slot_auction

About Phala

Phala Network tackles the issue of trust in the computation cloud.

This blockchain is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. Built around TEE-based privacy technology already embedded into modern processors, Phala Network’s distributed computing cloud is versatile and confidential. By separating the consensus mechanism from computation, Phala ensures processing power is highly scalable but not wasteful. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.

As a member parachain of the Polkadot cross-chain ecosystem, Phala will be able to provide computing power to other blockchain applications while protecting the data layer, enabling possibilities like privacy-protected DeFi trading positions and transaction history, co-computing DID confidential data, developing light-node cross-chain bridges, and more.

On-chain services currently being developed on Phala Network include Web3 Analytics: high-performance smart contracts from Phala to enable highly concurrent mass data analytics with privacy, paving the way for an alternative to Google Analytics that inherently respects individual confidentiality.

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