Integritee stands on the threshold of a major milestone as we launch our Kusama crowdlending campaign – asking our supporters to help us secure the parachain slots that we need to refine our network. It’s a key step towards the primary goals of both launching our mainnet, and listing the TEER token. But what exactly is happening?
It’s a live network with real economic incentives where the community can observe network effects during the testing and optimization of parachains, and the essential first step towards occupying a Polkadot parachain. Once it has been established that the Kusama parachains are functioning correctly, we expect parachain functionality to be enabled on Polkadot and the first public-good parachains to be deployed. Afterward, the Polkadot slot auctions will commence.
One of the biggest advantages of Kusama/Polkadot is that the platform enables many decentralized networks to pool their security resources and so achieve strength in numbers. Our privacy-preserving data services will be powered by this shared security and public auditability.
Since the number of parachains that can run on each Kusama Relay Chain is limited, slots are allocated by means of a non-permissioned candle auction. This means that slots are leased (for a period lasting from six weeks up to a maximum of 48 weeks) to the projects which provide the largest bond, in the form of locked-in KSM provided by community backers.
Bonding KSM tokens is how token holders can nominate a project they believe in – directly increasing the project’s chance of occupying a slot. It’s called “crowdlending” because the tokens always remain in the token holder’s ownership and are released back to them once the lease period ends. This system is designed to ensure that the winning projects are those that offer the greatest benefit to the community.
The first batch of Kusama slot auctions began in June 2021. Integritee will begin bidding during the second batch of auctions, which take place on a rolling basis as previous leases expire and slots become available again.
Crowdlenders never have to give up their tokens; there is only the opportunity cost of not having their KSM available for the duration of the lease. In return for this support, projects offer specific rewards.
Integritee is reserving 1,000,000 TEER – 10% of the total Integritee token allocation – to distribute to our KSM backers. This reward has a double benefit: after the planned exchange listing in Q4 2021, it will be a tradable asset. But perhaps more importantly, TEER will also give access to our privacy-preserving data services, and voting rights in the governance of the decentralized Integritee parachain. If you believe, as we do, in the need for a secure alternative to centralized data services, participating in the Kusama crowdlending is a very tangible way to bring that about, and will enable you to be a real part of the future of data privacy.
The TEER rewards will be distributed in direct proportion to the size of each backer’s contribution. This will drive the price discovery of the TEER token before its listing and promote decentralization of the Integritee network.
Help us build an internet that’s safe for private data and earn your share of the 1 million TEER tokens we spread to the community. Participate here: https://crowdloan.integritee.network
Bear With Us: Blockchain Technology is Still Relevant, Even when Crypto Declines
Series 2 – The Integritee Network | Episode 4 – Integritee Sidechains
The Imperative for Privacy in Blockchain: TEEs & Privacy-Preserving Software
Series 2 – The Integritee Network | Episode 3 – Integritee Technology
Monthly Wrap-Up October 2023: Joining an Accelerator Program, Launching the New Website, Educational Content & More!
Series 2 – The Integritee Network | Episode 2 – Integritee Architecture & Components
How Blockchain is Benefiting Numerous Industries: From Sustainability to Brand Quality Control
KYC in Web3: How DiD is Saving the Day for Projects & Companies
Series 2 – The Integritee Network | Episode 1 – Introducing Integritee
Monthly Wrap-Up September 2023: Winning an Award, Talking at Sub0, Partnering with OVH & More!
Series 1 – All you need to know about TEEs | Episode 6 – TEE Limitations
OVH Releases Whitepaper on How Integritee Is Re-Inventing Blockchain Security & Confidentiality Using Intel SGX Technology & OVHcloud
Series 1 – All you need to know about TEEs | Episode 5 – TEE Principles & Threat Models
Monthly Wrap-Up August 2023: Launching the Attesteer, Encointer’s PoP Badge & More
Series 1 – All you need to know about TEEs | Episode 4 – TEE Application Development
Launching Integritee’s Attesteer
Series 1 – All you need to know about TEEs | Episode 3 – TEE Technologies
DAOs: How Fair can Decision-Making be and Why is Private Voting Essential?
Monthly Wrap-Up July 2023: Video Releases, Tech Updates & More
Series 1 – All you need to know about TEEs | Episode 2 – TEE Use Cases
Monthly Wrap-Up June 2023: Polkadot Decoded, New Add-Ons and More
Integritee’s Teeracle Available on the Securitee Platform as an Add-On
Monthly Wrap-Up May 2023: Governance Platform Launch, New Environments and More
Integritee Launches New Governance Platform with Polkassembly
Monthly Wrap-Up April 2023: Tech Upgrades, Partnerships & Upcoming News
Monthly Wrap-Up March 2023: Product Releases, a Privacy Sidechain & More
Securitee & enclaive Team Up to Offer Ready-To-Use TEE-Secured Solutions
Securitee Launches Confidential Computing Platform to Protect Data in Use
Introducing Integritee’s Teeracle: A Framework to Build TEE-Based Oracles
A Privacy Sidechain for All Polkadot & Kusama Chains
Monthly Wrap-Up February 2023: Launching Roadmap, Partnerships and More!
SDK v0.11.0: Increased Performance and Faster Processes
OLI Systems Develops Innovative Energy Market Place by Building on Integritee
Integritee Network: Roadmap 2023
Monthly Wrap-Up January 2023: Slot Swap, Davos Touchdown and Much More
Community Updates: Discord, Twitter Raids & More
2022 at Integritee: Winning Parachains, Hosting Events, Integrating with Projects & Much More
Monthly Wrap-Up November 2022: Lisbon Happenings, Bifrost Integration & More
XCM Integration of Integritee and Bifrost Completed
Integritee Welcomes Sergei Medvedev as New Advisory Board Member
Monthly Wrap-Up October 2022: Travels, Interviews, Tech Updates & More
Monthly Wrap-Up September 2022: Integritee SDK Release, Token2049 & More
Integritee & Securitee: Connecting the Dots
Integritee’s SDK: A New Era of Web3 Application Building
Monthly Wrap-Up August 2022
Integritee Sidechain Performance Benchmark
Integritee & Crust Team Up for Publicly Verifiable Decentralized Content Storage
Integritee’s Polkadot Crowdloan
Monthly Wrap-Up July 2022: Winning a Slot on Polkadot, Integrating with Karura & Much More
From Web 2.0 to Web3: A Step Forward
Polkadot: The Next Step in Integritee’s Growth and Development
Integritee Rewards Structure: Early Birds, Loyal Followers, Family, Friends, and More!
The Integritee Polkadot Crowdloan Campaign Starts Today!
XCM Integration: What Is It and How Does It Work?
Monthly Wrap-Up June 2022: Kraken listing, Talking at Polkadot Decoded & More!
XCM integration of Integritee & Moonriver Completed
Here’s What You Need to Know About XCM Integration on Polkadot
Integritee Completes 2 Key Milestones Towards Decentralization
Monthly Wrap-Up May 2022: Decentralization, International Events, Virtual Worlds & Much More
The Complete Guide to TEER Tokens
How Integritee combines the benefits of Web2 and Web3 technologies
Sidechain 101: What are sidechains and why do we need them on Polkadot?
Monthly Wrap-Up April 2022: Networking, Technical Updates and Business Growth
Monthly Wrap-Up March 2022: Migrating to Kusama & Building Our Community
Update On Integritee Parachain Migration
What Should Integritee Present at Polkadot Decoded 2022? You Decide.
TEE Time with Integritee
A Healthier Approach to Wearables
Event Series: Learn How Integritee Is Taking Gaming to the Next Level With Ajuna
Monthly Wrap-Up February 2022: A New Listing, Sidechains & Other Updates
TEE 101: How Intel SGX works and why we use it at Integritee
After the Crowdloan: What’s Happening Next
Integritee Achieves Feature-Complete Sidechains
Enterprise-Focused Securitee Expands Integritee’s Ecosystem
Kusama Parachain Bid – And the Slot Goes to Integritee!
Integritee Year in Review 2021: Milestones Reached, Partnerships Forged
Integritee Launches its First Web3 Oracle
Introducing the Integritee Ambassador Program
The Integritee Mainnet is Live!
All Systems Go: Mainnet, Token Sale and TEER Giveaway!
How Decentralized Networks Can Cure the Privacy Pandemic
Integritee and Fractal Team Up for Fair Data Exchange
Integritee to Collaborate with KILT Protocol for SocialKYC Authentication
Integritee Partners with Decentralized Gaming Platform Ajuna
Confidential Computing Will Secure Our Secrets in Web3