Home CryptoCurrency News Calamari Network has Become the Seventh Real-World Parachain on Kusama

Calamari Network has Become the Seventh Real-World Parachain on Kusama

Calamari Network has become the seventh real-world parachain on Polkadot’s canary network after winning the seventh Kusama parachain auction. There are now 8 parachain on Kusama with 7 real and one Statemine parachain.

According to the latest announcement by the official Twitter handle of the Kusama Network on Wednesday, September 15, over 16,000 network stakeholders locked up KSM tokens in favor of Calamari Network, a canary network of on-chain privacy-focused Manta Network.

The announcement reads:

“Welcome to the cₐₒ @CalamariNetwork!

After winning the seventh parachain auction, Calamari is now being onboarded as my eighth parachain [7-auction winning parachains, plus #Statemine]. Over 16,000 network stakeholders locked up KSM in favor.”

According to Polkadot.js, over 16,000 contributors locked 218,246.6461 KSM tokens to Calamari crowdloan. According to the official announcement by Calamari, Bifrost, Zenlink, and Fearless Wallet, as well as exchanges like KuCoin, Huobi, and MEXC are among the major partners that helped the protocol to win the seventh parachain slot.

Calamari Network is a canary network of Manta Network. Both these networks are the plug-and-play privacy-preservation parachain built to service the DeFi ecosystem of Kusama and Polkadot. The protocol uses zkSNARKs technology to bring privacy to transactions and swaps. To serve these purposes, Manta Network offers two premier services that are MantaPay and MantaSwap.

MantaPay offers on-chain private transactions of any parachain assets while MantaSwap enables users to trade major and parachain assets without leaving Manta Network, which ensures the anonymity of the swap wallet address.

With the conclusion of the seventh auction, the fight for the 8th parachain slot on Kusama has also begun, in which 14 teams are participating. The winner of this 8th slot auction will be decided the next Wednesday, September 22nd.

This 7th Kusama parachain slot followed the 6th slot auction which ended on September 8. KILT protocol was the winner of the 6th parachain slot. The auctions for parachain slot 6-10 are the part of 2nd batch of parachain that started on September 1.

As Crypto Economy reported, the auctions for the first batch of 5 Kusama parachain were concluded on July 20th, 2021. Kusama parachain slot auctions commenced on June 15th. The first auction ended on June 22nd, 2021, and Acala’s cousin Karura Network became the first parachain on Kusama. Moonriver Network, the sister network of Ethereum-compatible smart contract platform Moonbeam, was second. Shiden Network, Phala’s canary network Khala, and Bifrost Finance was the winner of 3rd,4th, and 5th slot auctions respectively.

There are 100 parachain slots on both Kusama and Polkadot and all will be through slot auctions. When enough parachains are running and tested on Kusama, slot auctions for the much-awaited Polkadot chain will begin.

Atiq Ur Rehman
Electronics Engineer with a passion to write about Disrupting Technologies like Blockchain. He joined Crypto-Economy in July 2019.
- Advertisment -
#NamePriceChanges 24H