It’s auction time at Integritee! We are happy to announce our Polkadot crowdloan campaign starts on February 7th at 9:00 am GMT, bidding for the lease periods 17–23.
For a parachain to be added to Polkadot it must inhabit one of the available parachain slots. The number of parachain slots is not unbounded on Polkadot, as only a limited number are available. A limited number of slots are unlocked every few months through on-chain governance.
If a parachain wants to have guaranteed block inclusion at every Relay Chain block, it must acquire a parachain slot. The parachain slots will be leased according to an unpermissioned candle auction, with several alterations related to improving security while operating on a blockchain.
A crowdloan campaign is a means to win a parachain auction, which allows the community to participate in a trustless and permissionless way. Crowdloans are trustless and are supported natively on Polkadot, allowing the community to bond their tokens on a Project’s behalf for the entire parachain lease duration.
This allows a Project to compete with other projects via community support. In return, the community contributors are rewarded by the projects that win the parachain slot, which would compensate for the opportunity cost of bonding their tokens for the lease duration.
Our community matters and that’s why we are rewarding all contributors with TEER tokens. Everyone with DOT can participate and there are many ways — and platforms — where you can do it. For every DOT you bond in support of Integritee, you’ll get 2.5 TEER.
Here is a sum of all the rewards on offer for the current lease period:
All TEER rewards are subject to linear vesting over the 96 weeks of lease periods 17–23.
We’ve created different reward incentives to meet everyone’s needs, and one thing is sure: you will always be rewarded for supporting us! Here is a breakdown of our incentives:
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Integritee is the most scalable, privacy-enabling network with a Parachain on Kusama and Polkadot. Our SDK solution combines the security and trust of Polkadot, the scalability of second-layer Sidechains, and the confidentiality of Trusted Execution Environments (TEE), special-purpose hardware based on Intel Software Guard Extensions (SGX) technology inside which computations run securely, confidentially, and verifiably.
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