Polkadot's first data recovery game! Write history again!

The Polkadot Network has taken another step forward, providing the ultimate vision for Polkadot set out in a white paper (also known as Polkadot Paper).

The first 5 contests were successfully completed and the winning Parachain contest was launched on December 18th. Suddenly, the Polkadot community has made history once again!

Many Parachain teams have worked hard over the years to develop applications and make Web3 and its vision a reality.

Now everyone was waiting for this moment - Parachain finally released on Polkadot!

Most teams are used to running Parachain on the Kusama Canary Network. In Kusama, the rights of borrowers, suitors and Parachain are tested and improved in a real battle to provide better functionality for the Parachain team and partners.

information process

The total of the 12 seasons has occurred in the first time cuts and receives free money from 77753 Independence Number at the time five accounts).

A total of 113.5 million DOT has been registered with all lenders. Of these, 99.2 million DOTs were closed in the open for 96 weeks (until October 20, 2023), and the rest were returned to the consumer because the Crowdron option did not accept the Parachain slots.

At the end of the event, 54% of all tokens were stuck in staking and 8.65% were stuck in the successful Crowdloan. On average, 1.8 loan groups were selected for each account, with an average of 1,460 DOT.

The following table shows impact measures for 7 projects with the highest DOT recorded by grant borrowers.

The figure below shows the combination of 7 loan groups with the greatest visibility over the entire campaign. This allows you to better understand the implication of the different activities.

We can see that two crowd leaders, Acala and Moonbeam, clashed in Polkadot's first parachain race.

However, the first round is not the only one with similar results.

Other heavyweights occurred in Sections 3 and 5.

Auction 1-2

As can be seen from the overview map, the result of the first race can be attributed to the good competition between Acala and Moonbeam. Below, we will carefully study the cooperation of the two groups.

It can be seen that Acala received good care before the start of the crucial match and, after falling behind Moonbeam for the next two days of the tournament, has achieved a good result so far with a torch key. closed (🕯).

In this very close match, the two teams try to advance several blocks. Indeed, depending on how the candle auction mechanism works, the probability that the project is (estimated) is actually equal to the share of the first block when the candle runs out.

Acala took 61.29% of the block at the close of the first candle. Consider carefully which block is selected as the last block (🏅) and zoom in on the key (with 4000 blocks before and after).

In the close-up above, we can clearly see that Acala won the race for the final recovery. If the block is selected after 2000 blocks (approximately 3.5 hours), Moonbeam is the winner! This is the role of the candle mechanism.

As a result, Acala was selected as the first parachain to win the Polkadot Network competition.

In this dangerous game, Polkadot network users got a lot of DOT of 68.3 million DOT in Acala and Moonbeam.

After the initial contest, Moonbeam announced that it should not accept crowd donations in order to maintain the expected giveaway ratio between DOT locks and crowd giveaways.

This is possible because they use crowdloan features. This means that writers can apply for their important names as part of their maximum financial assistance. This process can be disabled to provide additional signatures, thus prohibiting add-ons.

In the end, Moonbeam easily won Polkadot's second available without a hitch. The final support is 35.8 million DOT locked.

Auction 3-4

As with the first race, the results of the third race are very interesting because the partnership between Astar and Parallel Financial Group has been close for a long time.

Likewise, we can observe the change of leader at the end of the second, but less.

Finally, Astar won the 3rd Polkadot auction with a 92.64% lead at the end of the candlelight vigil.

In total, 10.3 million DOTs were closed. In no other way, Parallel won their fourth consecutive unbeaten fight in 7 days, donating a total of 10.8 million DOT.

auction 5

Finally, this time, the heavyweight competition took place over the 5 episodes of Efinity and Clover.

The two positions were close in the long run, but Clover received a large grant in about two-thirds of closing time and took the lead before the end of round five.

At the end of the candlestick took the block a total of 79.55%.

As you can see in the figure above, the deterministic block belongs to the first clover block. As a result, Clover became Polkadot's fifth best Parachain.

Effect of the candle mechanism

The candle auction has two stages: the beginning and the end. These are then subdivided into corresponding periods before and after the final block.

Due to this mechanism, the highest bidder at the end of the auction may not necessarily win the auction. All tokens contributed to the equity loan, including services after the end of the block, were closed during the entire rental period.

In the table below, the benefits of the grants are divided into stages. This table also shows the percentage of time that retroactive shutdown lockouts occur during the entire shutdown duration.

concludes

The first contest has ended and the winner joined the Polkadot ecosystem on December 18th.

The token holders closed a total of 99.2 million DOT for their preferred Parachain operation until October 2023. No issues at the time of this event and all machines were functioning as required by law. Try Kusama. The top 5 winning parachaines at auctions running on Polkadot are (in order) Acala, Moonbeam, Astar, Parallel and Clover.

These projects have brought new capabilities and infrastructure to the ecosystem in the areas of DeFi, EVM integration, dapps and other smart contract work.

However, this is only the beginning, and we'll see how Polkadot continues after taking this important milestone.

So far, the Polkadot Network has been aware of the vision set out in the white paper.

throughme 24, 00h05As a first step, the Polkadot network will open 6 other competitions. Teams that don't win this tournament and newcomers will open the crowd on loan to try out one of Polkadot's first parachaines.

National calendar of the 2nd polka dot auction

Auction 6: 2021.12.24 - 2021.12.31

Auction 7: 2022.1.7 - 2022.1.14

Auction 8: 2022.1.21 - 2022.1.28

Auction 9: 202.2.4 - 2022.2.12

Auction 10: 2022.2.18 - 2022.2.25

Auction 11: 2022.3.4 - 2022.3.11