Participate in Parachain Auctions

Participate in Parachain Auctions

If you want to participate in parachain auctions there are a few options.

At Crypto Platorms

Probably the easiest way to participate in parachain auctions is on crypto platforms such as Kraken. Parachain auctions on Kraken are not available to residents of the US, Canada, Japan and Australia at this time. In order to participate, you can follow the following steps:

1. Sign up for an account on Kraken.
2. Buy Kusama (KSM) or Polkadot (DOT), or deposit the from another account
3. Navigate to the 'Earn' section, and then to 'Parachains'.
4. Select the project you would like to support during the Parachain auction.
5. Enter amount of KSM or DOT to contribute to the project.
6. Click on contribute and then confirm.