Tokensoft, a platform for creation and management Blockchain assets, Has announced that it now supports the Polkadot project participating in Parachain Slot Auctions. Polkadot community projects can use the Tokensoft platform to guide the bidding of Polkadot Parachain slots, raise funds with $DOT, and distribute digital assets to Polkadot community members.
“The Polkadot ecosystem is rapidly expanding, and we are excited to bring a set of tools that allow Polkadot-based projects to raise the funds needed to secure a slot and launch new parachains.”
– Mason Borda., CEO of Tokensoft
Parachain Slot Machine Auction
Projects seeking to launch on Polkadot must win the Parachain slot auction to obtain a slot on Polkadot. This allows them to inherit Polkadot’s proof-of-stake security and take advantage of Polkadot’s cross-chain interoperability. Teams can obtain community support through “crowdfunding” to guide their bids in the parachain slot auction. After winning the auction, the team will reward contributors with their native tokens. Tokensoft helps build community relationships, and at the same time utilizes a battle-tested infrastructure to bring projects such as Tezos, Avalanche, and The Graph to the market.
“Before our upcoming launch on Polkadot, the Tokensoft platform has helped us interact with more than 20,000 community members because we held the first’Build Acala’ event and started to guide the Acala Ministry of Finance. With Parachain Slots The auction will continue to be launched in the next few years, and the new Tokensoft platform features will undoubtedly become an active supplement to the Polkadot ecosystem.”
– Bette Chen, co-founder of Acala
Tokensoft customers can enjoy the following benefits:
- Provide a large number of products for up to 1 million community members.
- Support multiple financing methods such as DOT, BTC, ETH, USDC, Dai, etc.
- Fairly and widely distributed to community members
“We are very pleased that Tokensoft has made great strides in supporting the Polkadot Parachain because they are committed to transforming the enthusiasm of community support into the tangible assets needed to secure the Parachain slots. We look forward to working with the Tokensoft team and loyal to us. The community followers and the soon-to-be-community member sales of the rapidly expanding ecosystem we just discovered on Moonbeam conduct extensive sales.”
– Aaron Evans, Director of Moonbeam Foundation
If you are building in the Polkadot ecosystem and preparing for a parachain auction, please contact to learn more about Tokensoft’s support for Polkadot here.