Acala won first place in Parachain Polkadot, a stable DOT worth around $ 1.3 billion.

Ten teams are eager to raise nearly $ 3.5 billion in the inaugural Parachain tournament in Polkadot. Among them, Akala ultimately defeated Moonbeam and made the first move.

After a few days of stiff competition, financial platform maker Acala completed the Ethereum Moonbeam compatibility layer and won first place at Polkadot Parachain, the dream team.

This challenge is a combination of candle auctions and random settings, and Akala has taken the top spot in time based on block selection over the past 7 days.

I can't count how many times the top spot has changed between these two positions in the past 7 days, but the top 10 investments that went into the crowd increased nearly $ 3.5 billion in DOT prices.

As the auction wrapped up Thursday afternoon on EU time, Moonbeam raised most of the community's proceeds, over $ 1.36 billion. However, Acala took the lead with 63% of the way, giving way to his first offer despite raising just $ 1.3 billion. 81,000 DOT donation bag for Acala.

Polkadot founder Gavin Wood said the huge growth in race time and the addition of more cars confirmed the reason for the spark plug race. This technique is designed to protect against end-time auction shooters.

“We've seen real competition, and that's what we want to see from competition,” Wood told CoinDesk in an interview. "You don't see that in normal auctions. People will lower prices until the end, until the end."

Congratulations to @AcalaNetwork for winning the first prize on the Polkadot Parachain!

Acala joined Polkadot at block 8179200 above sea level on December 18th and the 6th round started with the top 5 winners. Over 81,000 network members have joined DOT and supported Acala! "

- Polkadot (@Polkadot) November 18, 2021

Wood points out that winning Polkadot first will make the project cooler, but technically it doesn't make any difference as parachain projects from the same batch can be started at the same time.

The Open 5 Parachain bundle will go on sale in mid-December and all operations will start at the same time on December 17th. This contrasts with the Polkadot "Canary Network" Kusama Parachain Auction earlier this year. At the time, the first Parachain slots were won by Acala's sister project, Kurara, which meant the project could go live first.

The contest presented important information to see. For example, according to the Polkadot SubQuery data indexing service, a participant is responsible for donating up to 40% of Polkadot loans. The project manager said the large exchange involved in the merger appears to have split users into a mid-sized wallet, and the information above explains why. .