Polkadat recorded a new historical peak
The price of Polkadat has risen significantly in the last two days, and a few hours ago, it was able to record a new historical high, crossing $ 53. Experts believe that launching a special and new project in the Polkadat network is the main reason for the increase in the price of this digital currency.
to the Report Crypto Potito, a multi-chain, heterogeneous network, recently announced that the Crowd Loan reopening scheme for developers has been approved. The DOT price, the main token of the Polkadat network, reached a new historical high under the influence of this news and reached the highest level of $ 53.25.
Collective lending is a process that allows developers to raise the funds needed to launch a parachain, or independent blockchain, by collecting Kosama (KSM) or dot tokens through Staking users interested in participating in the project. To provide.
Also read: What is Polkadat? Everything about the Chinese blockchain Internet
The Polkadat team announced this news on its official Twitter page on Monday, November 1st. Based on details published on the Polkassembly platform, the network upgrade plan will allow developers to launch their own parachutes and seek funding for projects successfully approved by the Polkadat Council through collective loans. .
The last development of the network took place less than a month after Polkadat announced that its parachutes were ready for launch on November 11th. In addition, it is said that the first series of parachute auctions will last for 5 weeks, with one auction per week. In total, 11 auctions are to be held in two sections.
The parachutes have been based on a separate Chinese block from Kusama since June (June) on the Polkadat Canary network, and the Karura network, which operates in the field of decentralized finance, won the first auction of Polkadat parachutes. Since then, 10 more parachutes have been auctioned on the Kosama network.
Bainance Digital Currency Exchange has also announced that it will support the November (November) auction of Polkadat parachutes. With the successful deployment of Kosama Parachute, the Polkadat network is looking to connect to its first project.
Developers initially used Kosama tokens to secure their project ports on the Kosama network, but the Polkadat council vote soon allowed developers to use dot, the main token of the Polkadat network, to do so.
The price of Polkadat reacted positively to the announcement, reaching a new all-time high of $ 53.25 with more than 20% growth. With this price reached, it surpassed its previous historical high of $ 49.35, which is related to May. At the time of writing, each Pulkadat unit is trading at around $ 52.20.
It should be noted that this plan must pass the final stage, which is approval through a public referendum. If this measure is approved, teams interested in using parachutes can register their parachute and start the process of receiving their collective loan on November 4, 2021 (November 4, 1400).
This news highlights other milestones in the development of the DotSama ecosystem. DotSama is an ecosystem consisting of Polkadat and Kosama, which enables cross-compatibility and interaction between the two networks. In September, Talisman, the wallet of the Polkadat website, received $ 2.3 million from investors such as Koji Capital, Hypersphere Ventures, Advanced Blockchain AG and several others. The anonymous investor collected from the Flex Dapps platform. Talisman will use this capital to develop the initial version of the .Sama wallet, which is scheduled to be released by November 22 (December 1).