Altair, the renowned Kusama parachain by Centrifuge, is launching a crowdloan on Kusama. The event is supported by OKEx and will occupy one of Kusama’s primary parachain slots. It will allow OKEx users to stake KSM tokens on the Altair slot to earn $AIR tokens.
About Altair
Altair is a Kusama parachain developed by Centrifuge to spin real-world assets on Kusama. Kusama (a sister project by Polkadot) is a faster, cheaper, and more flexible version of Polkadot used for experimental development. It allows developers to innovate and quickly launch projects on the Polkadot network.
Altair allows users to tokenize their experimental assets on-chain. The most prevalent use cases of the platform come in the form of new assets and NFTs being used as collateral for asset financing. Cassidy Daly (Token Engineer) stated that Altair houses innovators and risk-takers willing to try new DeFi-related projects on Kusama.
How to Sign Up for the Event?
OKEx users can follow a simple process to sign up for the event. To commence, users must own an OKEx account. While there is no specified launch date for the event, users can still register on OKEx’s official website.
Short-Term Goals for Polkadot
With the crypto sector in turmoil, Polkadot is among the minorities managing to hold its stature. In the coming time, it will see Centrifuge Chain hosting another crowdloan for DOT, where a bid will occur to gain Polkadot’s parachain slot.
The community seems warm regarding the crowdloan, and given the prestige of involved parties, it is sure to be a hit. With the event’s completion, Polkadot will get ready for another crowdloan, even with Centrifuge Chain.
Altair, the Kusama parachain by Centrifuge, is all set to launch a crowdloan to acquire one of Kusama’s primary parachain slots. Given the popularity of Kusama, the event is sure to rack up a huge audience. The event will be backed by OKEx, allowing OKEx users to stake KSM tokens to Altair’s slot and earn $AIR tokens.