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Subsocial Wins KSM Parachain Slot Bid, Gears to Distribute 16.5M Sub Tokens

Published 12/16/2021, 09:30 AM
Subsocial Wins KSM Parachain Slot Bid, Gears to Distribute 16.5M Sub Tokens

  • Subsocial secured a highly coveted parachain slot on the Kusama Network.
  • The project hits crowd loan cap of 100,420.69 KSM during the auction.
  • Subsocial to distribute 16.5m sub tokens after securing kusama parachain slot.

The Kusama network continues to be one of the solid ecosystems in the space that keeps supporting many other crypto projects. Today, the Subsocial platform successfully secured a highly coveted parachain slot on the Kusama Network. Furthermore, the project hit its crowd loan cap of 100,420.69 KSM during the auction. The network won the slot by launching its bid for the Kusama parachain last month.

SubSocial founder Alex Siman react,

We are thrilled to have Subsocial secure a parachain slot on Kusama. This will allow us to build all sorts of innovative integrations in the Social Finance sector. Our community’s support has been incredible.

Subsocial is a platform open for decen ...

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