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Kusama parachain Auctions - An Analysis

The first two Polkadot Slots are going to Acala and Moonbeam. We think the Polkadot Slot Auctions are a great investment opportunity, but it is not easy or obvious in which project to invest. Overall it is not an easy investment decision since there are opportunity costs, because your invested DOT are locked up for 96 weeks. At the end of the lease period you will get your investment back and additionally your rewards in the native token of course.

We estimated how the Moonbeam project is doing, estimations for other upcoming projects will come soon. You can check it out here. If you are totally new to crowd loans, I suggest reading this article on "What are Polkadot Parachain Slot Auctions and how to take part?"

With our estimations and calculations, we consider how the sister projects on the Kusama Slot parachain auctions were doing. One of the reasons to have a deeper look into the smaller Kusama sister chain projects. 

A list of the winners of the first five Slot Autions on Kusama
Winner of the first five Slot Autions on Kusama

Karura Network - (Reward $109,44 / KSM contributed)

The DeFi hub of Kusama Network. A canary network of Acala.

Tags: DEX, Parachain, Canary Net, De FI, Decentralized Finance, Decentralized Exchange

Polkadot sister project: Acala (won the first Polkadot Parachain Auction)

Token ticker: KAR

Price (24. Nov 2021): $5,83

Price (Launch 13. Aug 2021): $9.12 ($ 5.01 - 20. July 2021)

Circ. MarketCap 24. Nov 2021): $115M

Circ. MarketCap (Launch 13. Aug 2021): $68.65M

Circ. Supply (24. Nov 2021): 18.314.791 KAR (18,3%)

Circ. Supply (Launch 13. Aug 2021): 8.628.261 KAR (8,6%)

Total Supply: 100.000.000 KAR

Fully Diluted Marketcap (Launch)

Won Auction: June 15-22 (Slot 1)

KSM raised: 501.137,7 KSM 

USD raised: around $100M (KSM price around $200)

Crowdloan participants: 14.164

avg. KSM Contribution: 24.1

Rewards: 5,23 ACA / KSM

Reward in $: 109,44 / KSM

Moonriver - (Reward $4091,36 / KSM contributed)

Moonriver requires the MOVR token to function as a decentralized smart contract platform.

Tags: Parachain, EVM, Canary Net

Polkadot sister project: Moonbeam (winning the second Polkadot Parachain Auction)

Token ticker: MOVR

Inflationary

Price (24. Nov 2021): $349,87

Price (Launch 13. Aug 2021): $281

Circ. MarketCap 24. Nov 2021): $847.708.420

Circ. MarketCap (Launch 13. Aug 2021): $654.000.000

Circ. Supply (24. Nov 2021): 2.422.924 (23,83 %)

Circ. Supply (Launch 13. Aug 2021): 1.868.000 (18,37%)

Total Supply: 10.166.804 MOVR

Fully Diluted Marketcap (Launch)

Won Auction: SLOT 2

KSM raised: 205.935

USD raised: $41.187.000

Crowdloan participants: 5.977

avg. KSM Contribution: 34,45

Rewards: 14,56 MOVR / KSM

Reward in $: 4091,36/ KSM

Shiden Network - (Reward $ 334,1 / KSM contributed)

A canary network of Astar, Multi Chain dApp Hub on Kusama Parachains

Tags: Parachain, Canary Net, EVM, WASM

Polkadot sister project: Astar Network (formerly Plasm Network) $ASTR

Token ticker: SDN

Price (24. Nov 2021): $2,34

Price (Launch 13. Aug 2021): $5,2

Circ. MarketCap 24. Nov 2021): $128.127.205

Circ. MarketCap (Launch 13. Aug 2021): $200.000.000

Circ. Supply (24. Nov 2021): 38.461.538

Circ. Supply (Launch 13. Aug 2021): 54.755.216

Total Supply: 71.027.189 SDN

Fully Diluted Marketcap (Launch)

Won Auction: Slot 3

KSM raised: 138.000

USD raised: 27.600.000

Crowdloan participants: 4.611

avg. KSM Contribution: 29,93

Rewards: 64,25 SDN / KSM

Reward in $: 334,1/ KSM

Khala Network - (Reward $ / KSM contributed)

K-PHA will be Khala's native token, swappable with ERC20-PHA and Phala native PHA at 1:1

Tags: Parachain, Canary Net, Privacy

Polkadot sister project: Phala

Token ticker: $PHA

Price (24. Nov 2021): 

Price (Launch 13. Aug 2021):

Circ. MarketCap 24. Nov 2021): 

Circ. MarketCap (Launch 13. Aug 2021):

Circ. Supply (24. Nov 2021)

Circ. Supply (Launch 13. Aug 2021)

Total Supply: 1.000.000.000

Fully Diluted Marketcap (Launch)

Won Auction

KSM raised: 132.281

USD raised: 26.456.200

Crowdloan participants: 2.759

avg. KSM Contribution: 47,95

Rewards: 150 PHA / KSM

Reward in $: 109,44 / KSM

Bifrost Finance - (Reward $ / KSM contributed)

Polkadot DeFi protocol that aims to provide staking liquidity with PoS Network.

Tags: Parachain, Canary Net, DeFi

Polkadot sister project: 

Token ticker: BNC

Price (24. Nov 2021): 

Price (Launch 13. Aug 2021):

Circ. MarketCap 24. Nov 2021): 

Circ. MarketCap (Launch 13. Aug 2021):

Circ. Supply (24. Nov 2021)

Circ. Supply (Launch 13. Aug 2021)

Total Supply: 

Fully Diluted Marketcap (Launch)

Won Auction

KSM raised: 136.818

USD raised: 27.363.600

Crowdloan participants: 938

avg. KSM Contribution: 145,86

Rewards:

Reward in $: 109,44 / KSM

Heiko Finance - (Reward $ / KSM contributed)

A Decentralized Lending Protocol

Tags: Parachain, Canary Net, DeFi

Polkadot sister project: Parallel ($PARA)

Contribute to Parallel Finance and get extra Bonuses

Token ticker: $HKO

Price (24. Nov 2021): 

Price (Launch 13. Aug 2021):

Circ. MarketCap 24. Nov 2021): 

Circ. MarketCap (Launch 13. Aug 2021):

Circ. Supply (24. Nov 2021)

Circ. Supply (Launch 13. Aug 2021)

Total Supply: 1.000.000.000

Fully Diluted Marketcap (Launch)

Won Auction

KSM raised: 202.793

USD raised: 40.558.600

Crowdloan participants: 10.472

avg. KSM Contribution: 19,37

Rewards: 200 HKO / KSM

Reward in $: ?/ KSM

A screenshot from excel with detailed analysis
Detailed Analysis by Weirdo.Rocks (wlll be updated)

Summary

The Crypto Market is in a wild bull run now, and the Polkadot Ecosystem is finally onboarding projects to their chain. 

The crowdloan campaigns on the sister network Kusama were a great success. 15 Kusama Parachain Slots were already auctioned, some with already crazy return on investment for their contributors. Moonriver made the best results for their investors by far with a reward of around $4000 per contributed KSM, which are around 20x already. 

Moonbeam, the sister network on the Polkadot Chain, is about to win the second Parachain Slot Auction. It is not likely that Moonbeam is doing a similar immediate ROI since the USD raised was around 30 times more than for Moonriver, and so the reward per contribution smaller, but we still expect a great return for this great project.  

I hope you liked this comparison and analysis, and this helped make your decision to which Polkadot Crowdloans to contribute. If you contribute via the links in the Resources section you get an additional bonus on top for your contribution.

Enjoy your ride, do your own research and stay weird. 

Disclaimer

The article contains affiliate links. If you are using them, you and I will get a Bonus. 

This website includes information about cryptocurrencies and other financial instruments. All these areas are complex instruments and come with a high risk of losing money. We are NOT giving financial or investment advice; this page is for educational and informational purposes only. Please be careful and make sure that you understand how these instruments work. Also, think about whether you can afford to take the risk of losing your money.

Weirdo.Rocks encourage you to do your own research before you make any investment decision.

Resources

Historial Marketcap Data on Messari 

Current Status of the Polkadot Crowloan Campaings

Polkadot.js.org Wallet & Browers Extension

Fearless Polkadot Wallet

Polkadot Wallets

Contribute to Parallel Finance and get extra Bonuses

Contribute to Clover via Parallel Finance and get extra Bonuses

Contribute to Manta via Parallel Finance and get extra Bonuses

Contribute to Efinity via Parallel Finance and get extra Bonuses

Contribute to Litentry via Parallel Finance and get extra Bonuses

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