FX_Professor

🎎 KUSAMA- Breaking Over Resistance right Now!!! 🗾🗻

Long
KRAKEN:KSMUSD   Kusama
🍊Over resistance, will check it as support, if that happens I am BUYING again

Kusama has had great news today:

Following the success of its first six parachain auctions, Kusama – Polkadot’s Canary network, goes ahead and announces the dates and details for the next 5 auctions.

Kusama Goes Ahead With 6 More Parachain Auctions
According to materials shared with CryptoPotato, Kusama will schedule the next five parachain auctions on its network.

The dates for them, as per the current recommendations, are as follows:

2021/09/01, 12:00 GMT: Sixth Kusama Parachain Slot auction commences. Bids may be placed.
2021/09/03, 09:00 GMT: Sixth Kusama Parachain Slot auction ending period begins. Only bids made before this point will certainly be considered in the final result. Bids made following this point have a linearly reducing chance of being considered.
2021/09/08, 09:00 GMT: Sixth Kusama Parachain Slot auction bidding ends. No bids may be made on this auction following this point.
2021/09/08, 11:00 GMT: Sixth Kusama Parachain Slot auction winner selected. The auction winner is determined as the highest bidder at some randomly selected point over the past five days.
2021/09/08, 12:00 GMT: Seventh Kusama Parachain Slot auction commences.
– 2021/09/15, 12:00 GMT: Eighth Kusama Parachain Slot auction commences.
– 2021/09/22 12:00 GMT: Ninth Kusama Parachain Slot auction commences.
2021/09/29, 12:00 GMT: Tenth Kusama Parachain Slot auction commences.
The idea of the schedule is to enough members of the Kusama community enough time to: first unstake KSM for their auction bids and second – to participate in the crowd loans.

The auctions will commence back-to-back with a two-day period of the initial bidding, which will be followed by a five-day ending period – this is how the first auctions were done.
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