{"id":288617,"date":"2021-07-01T18:11:00","date_gmt":"2021-07-01T15:11:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/how-much-intrigue-is-behind-kusamas-parachain-auctions\/"},"modified":"2021-07-01T18:11:00","modified_gmt":"2021-07-01T15:11:00","slug":"how-much-intrigue-is-behind-kusamas-parachain-auctions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/how-much-intrigue-is-behind-kusamas-parachain-auctions\/","title":{"rendered":"# How much intrigue is behind Kusama\u2019s parachain auctions?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a288abd99cfa\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a288abd99cfa\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/how-much-intrigue-is-behind-kusamas-parachain-auctions\/#Where_we_are_now\" >Where we are now<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/how-much-intrigue-is-behind-kusamas-parachain-auctions\/#Parathread_ID_2000\" >Parathread ID 2000<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/how-much-intrigue-is-behind-kusamas-parachain-auctions\/#Whales_dont_rule_these_waters_yet\" >Whales don\u2019t rule these waters (yet)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/how-much-intrigue-is-behind-kusamas-parachain-auctions\/#Is_there_life_on_Mars\" >Is there life on Mars?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/how-much-intrigue-is-behind-kusamas-parachain-auctions\/#Looking_into_a_crystal_ball\" >Looking into a crystal ball<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/how-much-intrigue-is-behind-kusamas-parachain-auctions\/#The_bottom_line\" >The bottom line<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># How much intrigue is behind Kusama\u2019s parachain auctions? <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Eleven projects joined the race when Kusama parachain auctions started on June 15. A few more got in during the latter auctions of the first batch. With impressive gains to the tune of 900,000 KSM (<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately $180 million, at the time of writing), are Kusama auctions still fair and democratic, or is everything already decided by whales? Let\u2019s analyze the available data and attempt to illuminate the current standings.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Where_we_are_now\"><\/span>Where we are now<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/kusamanetwork\/status\/1402212747157327876\">announced<\/a> on June 8, the first batch of parachain auctions on Kusama includes five events, each of them one week long. During the auction, projects are bidding in Kusama\u2019s native token, KSM, for their parachain slots, and it requires roughly 100,000 KSM (or about $20 million) to win. To fund their bids, projects run crowdloan campaigns. A crowdloan is an innovative crowdfunding mechanism that lets ecosystem participants stake KSM for their favorite parachain candidates and get rewards in their utility tokens. <\/p>\n<p>The first auction ended, and Karura \u2014 the decentralized finance (DeFi) hub of Kusama \u2014 was distinctly in the lead with an incredible bid of 501,138 KSM (about $100 million). The second auction ended just a few days ago, and there was little doubt about its winner. Moonbeam\u2019s canary network, Moonriver (205,935 KSM staked), was steadily winning by 50% over the nearest rival, Shiden Network (100,544 KSM). In turn, the latter is overcoming Khala Network (27,474 KSM) by 73%, and it looks like an obvious leader for the third auction. <\/p>\n<p>Here\u2019s the current leaderboard:<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/452add72-ee1d-41e9-b13b-327f78e0223c.png\"><\/figure>\n<p>Based on this graph, readers may conclude that the first three auctions were bought by large-scale investors for their sock puppet projects, while the real competition is around the fourth and the fifth auctions. But both conclusions are far from reality, and I will explain why. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Parathread_ID_2000\"><\/span>Parathread ID 2000<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first-ever crowdloan campaign was registered for a candidate under the ID 2000 and took the first line in the list of campaigns on the Kusama network. The name of the project, Karura, is symbolic. Kusama\u2019s logo has a bird\u2019s shape, while Karura is a hybrid with a human torso and bird head, which is symbolic in Japanese mythology. Perhaps this is directly related, as if an established connection with Kusama could make people godlike and inevitably stand Karura creators in line with gods who rule Kusama\u2019s being. <\/p>\n<p>Karura\u2019s crowdloan kicked off on June 11, a few days before the first auction, and no other campaign saw such enormous interest. On June 17, Karura collected an unprecedented 400,000 KSM. The total amounted to 501,138 KSM, making Karura the unconditional winner of the first auction. Let\u2019s take a deeper look at the breakdown of the campaign\u2019s contributions: <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/3648b69b-1a21-48d2-938e-02ac5069cc0d.png\"><\/figure>\n<p>This data may surprise those who expected to see the severe dominance of large-scale contributions, but the distribution between retail and nominal whales looks quite organic. <\/p>\n<p>Maybe just a single contribution of 46,415.89082 KSM (around $9 million) stands out among others. But there is a clear explanation: It\u2019s coming from Kraken, which launched its interface for Kusama crowdloans to pool bets for its users. Since the data of Kraken users\u2019 activity is publicly available, we can see how it breaks down into individual contributions:<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/bb2ae56a-9534-4142-97b5-a9b208d52668.png\"><\/figure>\n<p>The deposits on Kraken came evenly spread during the entire period of the campaign and we couldn\u2019t outline any particular activity bursts. It looks like Kraken users demonstrated an elevated interest in the Karura crowdloan campaign, which was anticipated, given that Karura launched its crowdloan before others. <\/p>\n<p>We can further aggregate the above tables into nominal whales (who gave more than 1 million KSM), average holders (who contributed from 50 to 1,000 KSM), and retail users (who contributed less than 50 KSM). The aggregated data looks like this:<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/d04c0814-e4df-47c5-a16a-f25404d726f1.png\"><\/figure>\n<p>Despite a substantial share of whales in Karura\u2019s crowdloan (46.58%), the results still indicate extremely high activity by retail contributors. The total of 16,896 individual participants in this campaign is almost three times the number pertaining to Moonriver, the next-closest contender:<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/84c73670-9194-4b8e-a0a4-71ea287c24e0.png\"><\/figure>\n<p>With all the positive sentiment around Karura, there are two questions left to be answered. First, without doubting its desire to make a safe bet, is it worth overpaying for the parachain slot by that much? Second, how is it planning to maintain KAR\u2019s implied value to guarantee contributors some sort of reasonable rewards on their KSM, given that the token is not live yet and there will be inevitable selling pressure when it launches? <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Whales_dont_rule_these_waters_yet\"><\/span>Whales don\u2019t rule these waters (yet)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Interestingly enough, the overall picture isn\u2019t changing much if we look at two other top leaders of the race: Moonriver and Shiden.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Polkadot parachains full of promise, but lack of launch date raises concern<\/em><\/strong><\/p>\n<p>Moonriver is bringing Ethereum smart contract functionality to Kusama. The parent project is quite popular in the Polkadot ecosystem, and its sister chain saw significant demand on Kusama as well. Moonriver was clearly winning in the ongoing second auction, with 205,935 KSM contributed by a crowd of 5,977 participants:<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/ffe1b2e1-aa7c-4393-867d-67cff2e1f65e.png\"><\/figure>\n<p>If we aggregate data by categories of retail, average and whale participants (as we did previously for Karura), it will look like this:<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/af4a809a-eb87-40ff-a429-394c2e189f54.png\"><\/figure>\n<p>We will see almost the same lineup if we consider the second-biggest contender in the current race, Shiden. Shiden is a Kusama-based sister chain of Plasm, a network for DApps supporting the Ethereum Virtual Machine and WebAssembly. <\/p>\n<p>Shiden has raised 100,544 KSM from 4,192 contributors, while having 50% less than Moonriver\u2019s bid. Here\u2019s the breakdown of contributions and, just like Karura, the biggest single contribution comes from the Kraken exchange: <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/4e4e2900-6225-4811-a2c8-9b6f0e58021d.png\"><\/figure>\n<p>When we group by category, we will see that Shiden enjoys slightly higher attention from retail and middle-sized contributors than Moonriver, with a bit less domination by whales:<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/0841eaf3-5182-4bfd-955c-f8b47984af7a.png\"><\/figure>\n<p>As such, the whales share an average of 48% of the contributions in these three top crowdloans. Of course, any of these projects could hardly win a slot without their support. But the impact of retail (especially mid-sized) participants is impressive \u2014 over 50% of all participants on average. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/f6736375-ecc9-42a1-b4ae-0d65ece66fa5.png\"><\/figure>\n<p>As you can see, the notion that whales bought out the first three slots is incorrect. But let\u2019s find out how much competition is around the last two auctions for now. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_there_life_on_Mars\"><\/span>Is there life on Mars? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Since it\u2019s all clear with the first three parachains, it may seem that activity around the last two auctions should be even more intense. On one hand, there are many more projects competing for the remaining slots (there are already 10 of them and a couple more joining the competition). On the other hand, there is no single project claiming to be an unconditional leader, so uncertainty should\u2019ve incentivized the community to support their favorites. <\/p>\n<p>But when we see the actual KSM amounts contributed for these 10 remaining projects, they look quite modest. Altogether, these 10 projects have collected just around 10% of the funds raised by the top three parachain candidates. Given the 73% advantage of Shiden over its closest competitor among the 10, Khala Network, it\u2019s very unlikely that there will be a real competition between them for the third slot.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/2a442ae5-ab52-4d94-a0db-9839cf2fa2c2.png\"><\/figure>\n<p>Moreover, there is a dramatic gap in the number of contributors between Shiden and Khala Network, whose campaigns currently see the most activity in the community out of the other remaining projects (4,192 contributors vs. 1,426 contributors, respectively). The other nine contenders combined do not even have half of Shiden\u2019s individual contributors.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/4afb10ae-80e3-4f9b-a035-1888e3169451.png\"><\/figure>\n<p>Given the circumstances, is the interest around Kusama parachain auctions declining, or are there other reasons behind such modest results for these 10 projects? How will the situation develop as we approach the last of the auctions?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_into_a_crystal_ball\"><\/span>Looking into a crystal ball<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>By far, any particular forecast could be premature, given that the fourth auction starts on July 6, more than a week from now. The landscape can drastically change as we approach this auction.<\/p>\n<p>Retail contributors are most likely striving to catch their last chance to participate in the major crowdloan campaigns by Moonriver and Shiden. The remaining campaigns are out of their scope for now, and their factual activity may show up closer to the last two auctions. In this sense, these major crowdloans are currently suppressing the smaller ones. <\/p>\n<p>Additionally, the remaining 10 projects may have some whales or their own big allocations up their sleeves. It would be optimal for them to reveal those only when the third auction approaches its final phase. This strategy might be one of the reasons why we have yet to see as solid numbers here similar to major crowdloan campaigns.<\/p>\n<p>To make further assumptions, we will group the remaining pretenders by the nature of the current participation in their crowdloan campaigns. As such, we are essentially coming to the following three groups:<\/p>\n<ul>\n<li><strong>Organic:<\/strong> The group where the distribution between retail and whale participation is similar to the distribution in the major crowdloans at its highest.<\/li>\n<\/ul>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/2382d215-c071-4b6a-aa24-d848de7ad56b.png\"><\/figure>\n<p>Here we can see Khala Network is the current leader among these 10 projects. KSM volume is evenly spread across user groups in these campaigns and overall distribution looks pretty healthy. There are not that many whales supporting them now, and their average contribution is around 2,700 KSM.<\/p>\n<ul>\n<li><strong>Monopolistic:<\/strong> The group where whales heavily dominate over retail participants.<\/li>\n<\/ul>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/60e0f4b5-bb01-4ffa-b60e-d7fd1b5f61db.png\"><\/figure>\n<p>Whale participation nears an even 90% in some of these campaigns amid quite moderate interest from the community and retail. On average, each whale contributed over 3,500 KSM to these crowdloans. <\/p>\n<ul>\n<li><strong>Democratic:<\/strong> The group where retail participation dominates over whales, or whales haven\u2019t contributed anything yet.<\/li>\n<\/ul>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/e0d30f33-0e80-4f5b-bf0f-76c31bdd54ea.png\"><\/figure>\n<p>As we can see, whales are not here yet, while most funds come from mid-sized contributors. Darwinia Crab network stands out among these projects, as it attracted the most community interest compared to others in this group. <\/p>\n<p>Assuming that the retail interest will shift back to the remaining 10 projects after the third auction ends, each of these groups should follow some type of strategy to win:<\/p>\n<ul>\n<li>Organic: They appear to be the most balanced while seeing consistent interest from both retail and whale contributors. Therefore, they should keep this level of consistency, but they need to keep in mind that both categories are extremely important for a positive outcome.<\/li>\n<li>Monopolistic: Of course, it depends on the \u201chidden jokers\u201d to better develop community engagement. In the end (and as we see from the experience of the top projects), retail support is crucially important.<\/li>\n<li>Democratic: We don\u2019t know if there are behind-the-scenes arrangements with whales, perhaps ones that they are keeping them secret until the right moment. If not, however, they could be in trouble. It is unlikely that their communities will carry them to the top positions by the end of the third auction. If so, the influx of new contributors will dry up, as the crowd will be avoiding the risk of missed opportunity by betting on a knowingly wrong horse.<\/li>\n<\/ul>\n<p>Apparently, some projects did their homework to analyze the data behind the current campaigns. They recognized the impact of retail and mid-scale contributors, along with the importance of accumulating as many funds as possible before the fourth auction. These players are making attempts to align their strategies with these takeaways. <\/p>\n<p>For example, on June 25, Khala Network \u2014 Phala\u2019s canary network that brings confidential cloud computing to Kusama \u2014 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/phala-network\/even-more-rewards-coming-up-to-150-pha-per-ksm-and-new-special-edition-nfts-2598f96f555a\">announced<\/a> an increase in its rewards on contributed KSM. Instead of 120 PHA, all contributors will receive 150 PHA if Khala Network manages to collect 30,000 KSM. It seems like the project considers the milestone of 30,000 KSM an important threshold that will let it win the slot. On top of that, it will be airdropping nonfungible token (NFT) gifts to all crowdloan participants who contributed more than 1 KSM. Altogether, these steps point out the retail focus of Khala\u2019s campaign.<\/p>\n<p>Another example is Genshiro, a canary network of Equilibrium and the second of two high-caliber DeFi platforms competing for Kusama parachains. On June 24, the day before Khala, the project <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/equilibrium-eosdt\/announcing-improved-rewards-for-genshiro-crowdloan-participants-bf0f20638084\">announced<\/a> amendments to its crowdloan campaign, including an improved reward structure where rewards for contributions under 50 KSM were doubled from 1,000 GENS to 2,000 GENS on each KSM. Additionally, participation over 50 KSM is considered large-scale now, and contributors will receive a 20% bonus, bringing rewards to 2,400 GENS on each KSM. Besides this, it decided to make 10% of the reward allocations unlock right after its parachain launch.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_bottom_line\"><\/span>The bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first three parachain winners are already indisputable amid the high involvement of retail participants in their campaigns. Having said that, the outcome of the last two auctions primarily depends on the behavior of the crowd and the availability of \u201chidden\u201d KSM allocations. <\/p>\n<p>As we shall see, some projects like Khala Network and Genshiro are already preparing for the potentially hard competition for retail participants, as shown during the last two auctions. But eventual winners will rely on the successful combination of whale-backing and good marketing campaigns that will maintain elevated interest up until July 13. <\/p>\n<p>Will the intrigue persist for the last auctions? This will depend on if the crowd\u2019s interest and pockets get drained during the first three auctions. If so, all the competition will come down to the ordinary muscle-flexing in the whale support. Otherwise, we can expect a fascinating contest among the most qualified teams in the Polkadot and Kusama ecosystems very soon. <\/p>\n<p><em>All the data used in this article is from the auction standings as of June 30 at 8 am UTC.<\/em><\/p>\n<p class=\"post-content__disclaimer\"><em>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/em> <em>The views, thoughts and opinions expressed here are the author\u2019s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.<\/em><\/p>\n<div>\n<div style=\"background: rgb(239, 239, 239); border: 1px solid rgb(204, 204, 204); padding: 10px;\"><strong>Alex Melikhov<\/strong> is the CEO and founder of Equilibrium, an interoperable DeFi conglomerate on Polkadot comprised of a cross-chain lending platform and order book-based decentralized exchange. With over 14 years of entrepreneurial and fintech experience, Alex has been involved in the cryptocurrency world since 2013. His current project, Equilibrium, aims to solve the problem of liquidity fragmentation in DeFi.<\/div>\n<\/div>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/how-much-intrigue-is-behind-kusama-s-parachain-auctions\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# How much intrigue is behind Kusama\u2019s parachain auctions? &#8221; Eleven projects joined the race when Kusama parachain auctions started on June 15. A few more got in during the latter auctions of the first batch. With impressive gains to the tune of 900,000 KSM (approximately $180 million, at the time of writing), are Kusama&#8230;<\/p>\n","protected":false},"author":1,"featured_media":288618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvMTQwNGJjYmYtYzIxZi00NzI1LWI3NTctMGQxZWE5NzRjM2Y3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74868,75168,83051,67880,4965],"class_list":["post-288617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-defi","tag-polkadot","tag-sidechains","tag-auction","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/288617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=288617"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/288617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/288618"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=288617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=288617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=288617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}