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On 14th March, Unique Network will launch the crowdloan campaign to participate in the 3rd batch of Polkadot’s parachain slot auctions. As a blockchain project offering a scalable infrastructure for building advanced economies with NFTs, it seems inevitable that NFT technology will be required for the future of any and all blockchain ecosystems.
After closing a second round of pre-sale funding and raising over $16 million, Uniques testnet Quartz won the 14th Parachain auction on the Kusama Network where teams from various projects have started testing the tools designed by the team at Unique. Up to 150,000,000 UNQ tokens will be allocated for UNQ Rewards for the Crowdloan Contributors.
The idea of flexible economic models attached to the future of NFTs quickly gathered attention from enthusiasts and the blockchain community. Offering advanced ownership options, sustainable minting and interoperability are going to play a pivotal role in scaling NFT projects in the future. From gaming to real estate to art and everything in between, it will be interesting to see where this technology can make an impact.
The start of the crowdloan campaign on 14th March is designed to give community members time to understand and participate in various bonus programs before the auction starts.
Deploying as a parachain on Polkadot will allow Unique to tap into the full interoperability, scalability, and security of the Polkadot Network.
What is a Polkadot Crowdloan?
Polkadot crowdloans allow individuals to directly support their favorite projects being built in the Polkadot ecosystem. By participating in a crowdloan you can bond your DOT to the network to increase a project’s chances of winning a parachain slot. If the project wins the tokens are locked and you may also be offered rewards for helping to secure the slot. Earning a parachain slot isn’t easy and most projects aiming to build on a Polkadot parachain are confident that they will work with advanced security, scalability and decentralization all at the same time.