#OAX HODL mode🔉
BIG ANNOUNCEMENT TOMORROW🚀
https://twitter.com/OAX_Foundation/status/1324280407118864384?s=19
BIG ANNOUNCEMENT TOMORROW🚀
https://twitter.com/OAX_Foundation/status/1324280407118864384?s=19
Twitter
OAX
Apart from the completed release of all 5 features of our Parachain testnet, we're launching another exciting community activity tomorrow! Less than 24 hours to go, mark your calendars and do stay tuned... ;) #OAX #blockchain #parachain #DeFi #testnet
Apart from the completed release of all 5 features of our Parachain testnet, OAX is launching another exciting community activity tomorrow!
Less than 24 hours to go!
#OAX #blockchain #parachain #DeFi #testnet
Less than 24 hours to go!
#OAX #blockchain #parachain #DeFi #testnet
The final much-anticipated feature of OAX #Parachain #Testnet - Fee Delegation, is officially released!
What is Crowd-Loan ?
A crowdloan is a decentralized crowdfunding mechanism used in #blockchain networks that operate on a proof-of-stake (#PoS) consensus algorithm. It allows individuals to contribute their digital #assets, typically native tokens, to support the launch and development of a new blockchain or decentralized application (#DApp).
In a crowdloan, participants lock their tokens in a smart contract for a specific period of time, usually until the completion of the crowdloan #campaign. The contributed tokens act as #collateral and provide support for the project's funding needs. In return for their contribution, participants receive rewards or tokens from the project once it goes live.
Crowdloans are commonly associated with blockchain networks that employ parachain technology, such as Polkadot. Parachains are individual blockchains that operate within the #Polkadot ecosystem and rely on #crowdloans to secure their place in the network. Participants contribute tokens to a crowdloan to help a project win a #parachain slot, which allows them to connect to the main Polkadot network and interact with other parachains.
By participating in a crowdloan, individuals can support and invest in promising blockchain #projects in their early stages. It offers an opportunity to contribute to the growth of a network and potentially earn #rewards or tokens as a result.
A crowdloan is a decentralized crowdfunding mechanism used in #blockchain networks that operate on a proof-of-stake (#PoS) consensus algorithm. It allows individuals to contribute their digital #assets, typically native tokens, to support the launch and development of a new blockchain or decentralized application (#DApp).
In a crowdloan, participants lock their tokens in a smart contract for a specific period of time, usually until the completion of the crowdloan #campaign. The contributed tokens act as #collateral and provide support for the project's funding needs. In return for their contribution, participants receive rewards or tokens from the project once it goes live.
Crowdloans are commonly associated with blockchain networks that employ parachain technology, such as Polkadot. Parachains are individual blockchains that operate within the #Polkadot ecosystem and rely on #crowdloans to secure their place in the network. Participants contribute tokens to a crowdloan to help a project win a #parachain slot, which allows them to connect to the main Polkadot network and interact with other parachains.
By participating in a crowdloan, individuals can support and invest in promising blockchain #projects in their early stages. It offers an opportunity to contribute to the growth of a network and potentially earn #rewards or tokens as a result.