Polkadot (DOT), which has gained more than 20% today, is pricing in an important news story. At the time of writing, it was up 20.60% from $ 41.44 Polkadot (DOT) can be retrieved. We have often mentioned on our website that Polkadot (DOT) parachain auctions can have a positive effect on the price. This situation is also happening today. Polkadot will launch parachain auctions after the management vote.
Good News for Polkadot (DOT) Investors
The first series of auctions will begin on November 11 and will continue until December 9. Polkadot, blockchainon November 11, following the unanimous approval of the members of the on-chain governance council of parachain he created a program to start their auction. The news marks a significant achievement, as it fulfills the last basic technical element of the white paper published five years ago.
Parachain you can say what it is. Parachain’s Polkadot running laterally next to its network (parallel network/chain) are uniquely distinctive layer-1 blockchain platforms. Polkadot the founders Gavin Wood and Robert Habermeier, Polkadot‘s now for the first time parachain, confirmed that it has the technical capabilities to implement auction and mass lending.
There Is Less Than A Month Left
The fact that this news has been dec for a long time has caused serious enthusiasm among crypto currency investors. This catalyst, which is extremely important for the price, may also open the door to more serious rises in the coming weeks. So new ATH it is worth getting ready for it.
11 Parachain recently Kusama it was launched on the network. These auctions attracted a lot of attention and as a result, almost 50 thousand unique addresses were reached.
Parity Technologies Peter Mauric, Head of Public Relations, said:
“Kusama, the core Polkadot it was launched to give the teams that created its protocol, parachain, and the communities that created them the opportunity to test their technologies and teams in a live environment. Although there are a few bumps, it seems that everything is now ready for the transition to the main network”.
This development, which has been expected for almost 5 years, is now Polkadot (DOT), which means that direct parachain auctions will be started via it. This circumstance will bring great popularity to the first projects that will win the auction. Investors who are chasing short-term opportunities should definitely study the projects that are a favorite at the auction in detail.