Kusama (KSM): Parachain Auctions are a GOLDMINE!! 🥇


📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/
🛒 20% Binance Discount 👉 https://guy.coinbureau.com/binance/
👕 “Crypto Bae” Shirt 👉 https://store.coinbureau.com
🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/

~~~~~
📺Essential Videos📺

Previous Polkadot Parachains Video 👉 https://youtu.be/KzqLf7Kteuk
First Kusama Video 👉 https://youtu.be/mNSuvYaJ2Vg
Parachain Slot Auction Process In Detail 👉 https://youtu.be/sxju74QqYuA
Cryptocurrency Tokenomics Tutorial 👉 https://youtu.be/ftCaqG7wckg
How To Research Cryptocurrencies 👉 https://youtu.be/HCLWDGYnAzk

~~~~~

– TIMESTAMPS –
0:00 Intro
1:55 Kusama Update
3:39 Parachain Slot Auctions Recap
6:13 Parathreads, Common Good Parachains, Parachains Roadmap
8:38 Parachain Slot Auction Timeline
14:06 How To Participate In Parachain Slot Auctions
15:31 KSM Price Analysis
17:07 Possible Parachain Problems
20:13 Conclusion

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► Polkadot.js Browser Wallet Extension: https://polkadot.js.org/extension/
► Polkadot.js Web App: https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Frpc.polkadot.io#/explorer
► Polkadot Projects Waiting For Slot Auctions (Not All): https://polkaproject.com/#/slot
► Parachain Slot Auction Timeline: https://medium.com/polkadot-network/the-launch-of-parachains-78188fcf024f
► Common Good Parachains Explained: https://polkadot.network/common-good-parachains-an-introduction-to-governance-allocated-parachain-slots/
► Kusama Twitter To Keep Up With Parachain Updates: https://twitter.com/kusamanetwork

~~~~~

👨‍🏫Kusama Recap👨‍🏫

Kusama was created by Dr. Gavin Wood as a way of testing Polkadot under real economic conditions. Unlike a regular testnet, Kusama exists as its own independent cryptocurrency

In terms of tech, Kusama and Polkadot are basically identical. The two primary differences are that Kusama’s code is not audited, and all non-transaction related processes are 4 times faster on Kusama

🙋‍♂‍Parachain Slot Auctions Recap🙋‍♂‍

Regular parachains are acquired through the parachain slot auction process. Like regular auctions, parachain slot auctions involve bidding on a slot using money, in this case KSM or DOT tokens

In contrast to regular auctions, the winner of a parachain slot auction is determined based on a snapshot that is taken at a random time shortly before the auction ends

The difference between ICOs and parachain slot auctions is you never actually give your money or crypto. It just gets locked in the smart contract that connects that project’s parachain to the relay chain

⛓Prathreads, Common Good Parachains, And Parachains Roadmap⛓
The primary difference between parathreads and regular parachains is that parathreads can be shared by multiple projects which take turns producing blocks as needed

Once Kusama’s first common good parachain has been up and running for a day or two with no major issues, Kusama will announce the start of its parachain slot auctions on its website and on Twitter

💱Parachain Slot Auction Process💱

As far as I understand, Kusama will be announcing its parachain slot auctions just over a week before the first one begins

This is to give enough time for everyone staking KSM to unstake so they can participate in the first parachain slot auction. The KSM unstaking period is 7 days in case you’re wondering

🕵️‍♂‍How To Pick A Polkadot/Kusama Project For PLO🕵️‍♂‍

An easy way to keep track of which projects will be launching on Kusama is to use the Slot tab of the Polkaproject website. Just note that there are other Kusama projects that are not mentioned here

Once you’ve identified a few Kusama projects that you think have potential, the next step is check what the terms and conditions are for their parachain loan offerings

👨‍💻How To Participate In Parachain Slot Auctions👨‍💻

To actually participate in Kusama’s parachain loan auctions, you need to have the polkadot.js browser extension wallet and use it with the Polkadot.js web app

📊KSM Price Analysis📊

It’s possible that the demand that will be created by parachain slot auctions on Kusama has already been priced in to KSM. Late adopters could still push up the price like mad when they begin however

👀Possible Parachain Problems👀

There are only two things that could take the wind out of Kusama’s wings and these are network issues and Polkadot’s own upcoming parachain slot auctions

~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Kusama #KSM #polkadot #parachains #DOT

How to Make Money Trading

How could anyone make money trading currency? What do would qualify me to trade? Is this a job for an elitist few? Hey, back up a moment. If you could identify you granny from your neighbor, you are good enough to trade. You don’t have to be bright, you only need to the smart. That’s all you need to identify your chart patterns.

The Autopilot Trading System Myth

What if you could turn on your home computer, set it to monitor your favorite stock…and walk away to do whatever you wish. When you came back, it would have been dumping a steady stream of money into your trading account for you. Wouldn’t that be wonderful! A lot of folks think our modern computers can do that, but can they?

Stock Trading – A Powerful Perspective

Day trading stock – the stock trading game has changed – completely, forever. The rules have changed, the point for trading in the first place has changed from a focus on money to passion to win. What we pay attention to while trading stocks, while trading any financial instrument (ETFs, Options, Bonds, etc.) has changed. Our mood has shifted from forcasting (day, week, month, and so on) to real time stock trading with a focus on trades that last just a few minutes, for example. The software used for stock trading (charting, scanning for opportunities, and trade execution, has all changed as well. We don’t use software to backtest, nor do we care much about projecting into the future much more than a few minutes, as above. For those unwilling to shift from old-school to new-school online trading, their fate is ongoing losing. For those who accept and adapt to the new day trading realities, the rewards, both personally and financially, are unlimited, to the extent that you can earn thousands a day, hundreds of thousands a year. The stock trading game has changed – so have we, and so can you.

Trading Systems – A Review For Day Traders and Swing Traders

Good trading systems whether they are day trading systems, futures trading systems, automated trading systems and so on, are very hard to come by. I will give you some ideas on what to look for in trading systems and what to avoid. There are many trading systems out there and a GREAT trading system could benefit your trades tremendously. However, if you pay for a system that does not work or worse yet, is a scam, then you will be wasting valuable time and money. You could end up wasting valuable time and money for a long period of time too.

What You Need to Day Trade

If you wanna start trading your will need a few tools, if you are already trading you may have questions about what resources and tools you should be using. Services for traders are readily available, but often traders pay for services they do not need. Making an informed decision about the basic and more elaborate trading tools you will require is important. Finding a balance between costs and benefits can increase your profit or significantly cut into it.

10 Tips From a Spread Trading Veteran to Help You Put the Odds in Your Favour

When you have been trading futures, options, stocks and commodities for over 24 years, it can be easy to forget what it was like starting out. In this article I will share with you some of my secrets that I wish I had known when I started trading.

Stock Market Day Trading Can Be a Great Investment Option

Stock market day trading can prove to be a good investment opportunity, but there is plenty to learn about stock market day trading before you dive in too far. There is a risk to such investments, but you can minimize it by being in control of your day trading efforts.

How to Remove Pattern Day Trader Status

Day Trading is defined as buying and selling the same security within the same trading day four or more times within five business days. Should you be tagged as a Pattern Day Trader and do not have the minimum in your account on the day you’ve executed your fourth day trade, you’ll be sent an Equity Call from your broker. This article covers how to resolve the problem.

Stock Option Day Trading – Is Day Trading Stock a Bad Strategy?

There are many opportunities available with stock option day trading, it can be a great way to earn some extra cash if you are following the right strategies and trading tips. You may have heard mixed reviews about stock option day trading that leave you wondering if it is a good idea or not, and some people will even tell you it is a bad practice to get yourself involved in.

Online Stock Day Trading – Pitfalls to Avoid

We hear so many good things about stock day trading, that it is no wonder people want to take part in this exciting business. They prospect of being able to make money through stock day trading is what usually drives people to learn more about the stock markets and how they work. Yet before you rush out there and start investing your money there is another side of it to consider, because there are some pitfalls you certainly want to avoid.

You May Also Like