PolkaFoundry Ecosystem Monthly Highlight — Aug 2021
In August 2021, we are celebrating some exciting milestones. From announcing PolkaSmith’s strategic crowdloan for Kusama Parachain Auction Batch 2 to a series of Play-to-Earn gaming IDOs on Red Kite launchpad, PolkaFoundry ecosystem shows no signs of slowing down. Here’s everything you need to know about our big month.
PolkaSmith Crowdloan
PolkaSmith crowdloan has been OPEN for early contribution from August 25 on 👉 PolkaSmith crowdloan site. Besides rewards in PKS, KSM holders can lock their tokens on our crowdloan to receive many bonuses. In collaboration with PolkaSmith, an all-encompassing hub for game finance, we conducted the first bonus reward campaign for KSM contributors. Top 100 contributors before 5:00 PM UTC, August 29, have each earned 500$ worth allocation of Kaby Arena, $KABY token.
Now, here comes another massive opportunity for KSM holders! Stake KSM on PolkaSmith Crowdloan to win a $GAFI IDO slot up to $1,850. Find more details HERE or check out this overview ONEPAGER.
Don’t know how to Contribute $KSM to the PolkaSmith Crowdloan? Follow this step-by-step GUIDE.
Red Kite
New IDOs
On August 6, Red Kite hosted the IDO for NftyPlay (formerly PolkaPlay), a TikTok for NFTs and a social gaming platform. After IDO, the price went up nicely by 920% all-time highs.
Then, on August 15, Red Kite launched a $HERO token for Step Hero, the first NFT fantasy-themed RPG (role-playing game) game on the Polygon network. HERO’s post-IDO performance has set a new record as its all-time high is 92 times the public price. Few days from IDO on Red Kite, Step Hero has taken 1st place in the Top 10 blockchain games with the highest social signal, according to Dapp.com.
Kryptomon, the mix creation between Cryptokitty and Tamagotchi & Pokémon, has partnered with Red Kite to offer a $KMON IDO on August 23. The performance is impressive as $KMON x33 compared to the IDO price.
Swaperry, the next-generation DEX built on the Polkadot network, launched the IDO of its $PERRY on the Red Kite launchpad on the 27th of August 2021. $PERRY was listed on Pancakeswap at x5 public price and became the top #1 pair on Dextools. The project itself reached 300k stars on Coinmarketcap.
Closing our incredible month is Kaby Arena, a unique Free-to-play RPG NFT that launched its $KABY all sale rounds (Seed, Private, IDO) and the first Community Pool on Red Kite. Being listed on PancakeSwap, $KABY quickly gained the trading volume of 17.3 million and x36 in price.
Technical and Policy Updates
Pre-order:
Also released on August 2, the pre-order feature allows users to make an order and pre-pay for their allocation before the pool is officially open for sale. This feature is applied to only Phoenix tier accounts.
Reputation system
Aligned with the Red Kite Q3 roadmap, the users’ reputation system was officially released on August 2. Reputation is the amount of Red Kite points awarded to loyal users of the Red Kite launchpad. The loyalty is assessed based on the age of $PKF and $LP-PKF that users stake on Red Kite.
Polygon compatibility
Alongside Ethereum and Binance Smart Chain, Red Kite’s major milestone is becoming compatible with Polygon, one of the fastest-growing networks available in the blockchain world.
