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Crowdloan

Parachain slot crowdloans are a way for new projects to get their parachain on Polkadot and Kusama. To become a parachain, a project must first bid through an auction for a parachain slot. In December 2022, Pendulum was DotSama’s fastest crowdloan success with the 300,000 DOT (approximately $1.4M) hardcap being reached in 3 minutes. In June 2022, Amplitude (Pendulum's sister network) won the Kusama auction 42 with more than 24,080 KSM (approximately $1,172,930) received.