Zenlink SlotVault has integrated Bit.Country Pioneer and offers up to 40,000 ZLK to support its parachain crowdloan
Currently, parachain slot auctions of Kusama network have entered the normalization stage, and Zenlink SlotVault will be connected to more parachains one after another to facilitate community users to participate in crowdloan and become a user-friendly and common parachain slot auction support tool.
Today, we are pleased to announce that Zenlink SlotVault has integrated Bit.Country to support its Canary Network Bit.Country Pioneer bidding for the Kusama parachain slot. Now, users can visit https://slotvault.zenlink.pro/ to contribute to its crowdloan and win extra ZLK rewards (Note: ZLK total supply is 100 million).
Zenlink will provide Bit.Country Pioneer with up to 40,000 ZLK as an additional incentive for its crowdloan backers. Therefore ZLK reward distribution will be adjusted as follows.
- The first category: the total amount of crowdloan ＜ 1,000 KSM. If the total amount of crowdloan participating in the project through SlotVault is less than the minimum incentive threshold of 1,000 KSM, then the user will not be able to get any ZLK reward.
- The second category: 1,000 KSM ≤ total amount of crowdloan< 5,000 KSM. If the total amount of crowdloan participating in the project through SlotVault is greater than or equal to 1,000 KSM and less than 5,000 KSM, then each KSM will be rewarded with 1 ZLK.
- The third category: 5,000 KSM ≤ total amount of crowdloan < 25,000 KSM. If the total amount of crowdloan participating in the project through SlotVault is greater than or equal to 5,000 KSM and less than 25,000 KSM, then each KSM will be rewarded with 1.5 ZLK.
- The fourth category: the total amount of crowdloan ≥ 25,000 KSM. If the total amount of crowdloan participating in the project through SlotVault is greater than or equal to 25,000 KSM, then a contributor’s reward is determined based on that individual’s proportional contribution to the total number of KSM tokens in the crowdloan at auction close, for example, Your ZLK Rewards = (Your KSM Contribution From SlotVault/Total KSM Contributions From SlotVault) * 40,000 ZLK.
- If the SlotVault supported project fails to secure the slots, there is no ZLK award.
- Reward release rule: 50% will be released immediately when Zenlink DEX DApp goes live and the current round of slot auctions ends, and the remaining 50% will need to be unlocked in the first month of ZLK launch after your Zenlink DEX DApp transaction volume reaches $1,000 or the injected liquidity exceeds $5,000. The unlocking time is one month from the date of the ZLK launch.
About Bit.Country & Metaverse Network
Bit.Country & Metaverse Network is an application framework and blockchain for user-created metaverses and games. Bit.Country enables everyone to start their own metaverse for their social groups using the 3D world, NFTs, play-to-earn & build communities to earn, and takes community engagement to a new decentralized dimension on Web3.0.
Bit.Country & Metaverse Network is disrupting the current creators’ value system built by web2.0, as traditional social platforms are harvesting the value from the community’s time, only distributing a portion of the profits to the creators while members are only being entertained, but not rewarded.
Bit.Country Pioneer Network (Application & Blockchain for Kusama), the pioneering network is the sister and canary platform for Kusama. Just as Bit.Country will serve as the de-facto metaverse portal of Polkadot, Bit.Country Pioneer will serve as the metaverse portal of Kusama. Click the link below to learn more on how it works, and see why so many people are talking about Bit.Country Pioneer crowdloan https://bitcountry.medium.com/bit-country-pioneer-crowdloan-on-kusama-2acb5cde9f85
More information about Bit.Country Metaverse Network
About Zenlink & SlotVault
Zenlink is an underlying cross-chain DEX protocol based on Polkadot and is committed to becoming the DEX composable hub of Polkadot. By accessing the ultimate, open, and universal cross-chain DEX protocol based on Substrate, Zenlink DEX Protocol enables all parachains to build DEX and achieve liquidity sharing in one click. Zenlink DEX Protocol includes Module, WASM, and EVM implementations, which are flexible and adaptable, allowing for customizable compositions and interoperability with different DeFi modules.
In addition, the Zenlink DEX Aggregator connects all DEX DApps on Polkadot and aggregates liquidity, providing a low slippage trading experience for users. Zenlink DEX Composable Hub enables developers to access the Zenlink DEX Module to build their own unique DEXs, forming a DEX composable hub for the Polkadot ecosystem. Currently, Zenlink has received 2 rounds of Web3 Foundation Grants and investments from well-known institutions such as Hashkey, IOSG, Continue, and Hypersphere.
SlotVault is a decentralized PLO support application built by Zenlink in relation to the Polkadot parachain slot auction, designed to provide support for Zenlink’s associated partners to bid on parachain slots.
Learn more about Zenlink