Kylin Network Wins Polkadot 25th Parachain Auction!
We are stoked to announce to you that we’ve emerged the winner of the parachain auction 25 on Polkadot! This is a significant milestone in our project journey to build the data framework for all web3 middleware. We are home!
Kylin Network is confirmed the winner of the crowdloan auction for parachain slot 25 on Polkadot, whose candle lit up on the 17th of August and “blew out” on the 24th of August. Yes, It was a rough and unprecedented start, as we explained here, due to some technical mishaps, but it ended like a movie with a good storyline would.
We’ve crossed many hurdles and weathered many storms to get to this point today, and admittedly, not without breaking a thing or two. We’ve learned some good lessons which will help us as a team and community to sail this ship towards the DeData horizon, which is now closer than ever.
Not only is it a great achievement for us as we’ve finally secured a parachain slot on Polkadot, but it’s also a record-breaking one. In the last 7 parachain auctions, Kylin Network became the first project to hit the bid cap of 150,000 DOT, which amounts to over $1.1m as of the time of writing. We literally KYLed it!
It’s been a long way to get here; from Kusama to Rococo, now we own a slot on the Polkadot blockchain! As most of our marketing materials read, Kylin Network on Polkadot is no longer a future we hope for but an actualized vision. We are grateful to all Kylians for the community support through it all.
Find all concluded auction details here.
To a decentralized future,
Originally published at https://kylin.substack.com on August 24, 2022.