This is a complete guide on how to participate in ANY cryptocurrency crowdloan for the Polkadot or Kusama ecosystems.
Welcome back to another video!
Today’s video has been highly requested due to the upcoming Acala ($ACA) and Moonbeam ($GLMR) crowd loans. This video, however, is a complete guide that can apply to any crowdloan, more specifically a crowd loan that is intended to be used as funding for a parachain auction slot on their Polkadot or Kusama.
In this video I explain to you what a crowdloan actually is, what a parachain slot actually requires from a cryptocurrency and how it operates, as well as the requirements for taking part in such crowd loans.
KEEP IN MIND WE HAVE NOT HEARD ANY FURTHER INFORMATION REGARDING ACALA OR MOONBEAM’S TOKEN DISTRIBUTION RATE ETC.
**Disclaimer** This is NOT financial advice and all views and topics are my personal opinion as I am NOT a financial advisor.
Love you all, and stay safe
How to create a Polkadot.js wallet: https://www.youtube.com/watch?v=mT7rUlQh660
Dan Reecer Twitter: https://twitter.com/danreecer_
Acala Waitlist link: https://acala.network/acala/join-acala
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