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Kraken to Back Kusama Parachain Altair Crowdloan

Kraken to Back Kusama Parachain Altair Crowdloan
  • Altair, the Kusama parachain Altair will soon launch a crowdloan
  • Kraken will support the Altair crowdloan

On May 20, Centrifuge introduced the world to Altair. The home for financing assets on Kusama. Kusama parachain was built by the Polkadot-powered Centrifuge.

Moreover, Kusama is a public pre-production place for Polkadot. It enables any developer to explore and test new blockchains or applications before publishing them on this network.

Recently, Altair expressed its excitement on its official medium page. According to Altair, the Kusama parachain Altair will soon launch a crowdloan for one of the first parachain slots on Kusama.

The team said they are thrilled to announce that Kraken will support the Altair crowdloan. Kraken first began its Kusama parachain auction platform earlier in June.

Kraken’s parachain auction platform gives a way to join in crowdloans such as Altair’s. Also, for users who prefer the comfort of a crypto exchange over directly interacting with the blockchain.

In addition, the Altair team noted that Kraken users could securely participate in the crowdloan once it is launched on Kraken’s official site. The Altair team added that Kraken users could stake their KSM to the Altair slot and receive AIR tokens in return. Kusama (KSM) is the native token of the experimental Polkadot version.

More so, the date of the launch is not given yet. But the team said the launch date would be announced soon. Of note, Centrifuge Chain announced it would also host a crowdloan for DOT to bid for a parachain slot on Polkadot.

Roland Guirdonan can be found writing, developing, and designing all sorts of content. Aside from his fascination with content creation, he is also passionate about blockchain and cryptocurrency developments.