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

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📺Essential Videos📺

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- 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

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⛓️ 🔗 Useful Links 🔗 ⛓️

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👨‍🏫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👨‍💻


📊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

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📜 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

[JasonPizzinoOfficial]

You’re fast becoming the Biggest Crypto Channel! 😎👌

[robholding]

This the first time I've been able to leave a comment on your videos. I've been following you for several months. Your research is the most thorough I've found. Thank you for the time you make to educate.

[leeskieferrell]

Seriously, thank you for the info you put out.
Congratulations on 1 mil !!
Been learning from your info for months now and hope you don't slow down at all.

[fristi]

Well, since even the dip dipped right now.. I don’t have any fiat anymore to buy this coin. Maybe later

[thaicountryside]

Now, I've found a crypto channel to stick by. Informative, balanced, eloquent and cheeky!

[Nite-owl]

I'm puzzled why I find your videos so compelling when I'm yet to understand a single one 😳.

[elisolomon]

I want my props, Guy. As always, I watched to the end.
How could I not? Your research into a project is second to none.
Thank you as always.

[Ahmed-uqyo]

Honestly Guy, you’re the only person I actually feel happy buying merch from. Ive never bought anything from a YouTuber, you’re the first and probably the last.

You are so kind.Thanks for everything you do!

[arvee]

There is one thing which you missed.. On top of funds locked up in staking, and the funds locked up in parachain leases there is also the fact of limited Supply. KSM has a fixed limit of tokens that are distributed and it's less then half of BTC's supply. There are also projects that will decide not to move onto Polkadot and stay on Kusama. Imagine 30% of the supply in staking, and having 30 parachain slots already leased out and the next project needs to go for a crowdloan ... it will drive the scarcity through the roof !

[gnuPirate]

Oh man, informative. I'm going to have to watch this a few times before I dig deeper. Thank you for this, Team Coin Bureau. You are democratising finance, I love your work.

[Jeisama]

Every time, every damn time. He is excited about a coin and it grows

[gildedinvestments]

Thank you for all the info being compiled in one place. I have tried reading the documents however the Polkadot information is very difficult to navigate and find proper channels to stay on track. You are amazing for everything you have done for the community.

[NoAutopilot]

This video alone made me over 20k in profit in 3 months. Guy I love your stuff brother. Keep it up!

[ChrisJensen]

If someone is badmouthing this informative content and stooping to name calling to deride the polished delivery, it says more about them than this channel.

Really appreciate Coin Bureau. Keep up the great work, Guy and co.

[elipanero]

Hello there Guy! Would love to see a video on VRA, Veracity and their “Proof Of View” patent! Thank you! 🙏🏽

[TheNelster]

KSM can be bought and staked directly on Binance at about ten but up to twenty seven percent interest if you grab short term staking offers. Ksm (and dot) can be redeemed at any time unlike with these auctions. Sure. There are disadvantages to keeping crypto on an exchange but it has its pluses too.

[thebeebuzz]

You’re like the crypto teacher whose classes would always be interesting and informative. Thanks guy! ❤️😁

[peterortiz]

Coinbureau the best crytpo channel in YouTube in times that people fud Guy still keeping it proffesional. Great Job mate

[nap]

Finally got the million subs you deserve! Amazing content as always.

[JonnyRootsDem]

Yes Guy, congrats on the 1 milli subscribers 👊🏾. Glad I picked up some KSM @ £3.50, it's been my best performer.