To encourage the Polkadot community and the construction of its ecosystem, OKX supports Polkadot parachain slot auctions with exclusive early bird voting.Users will be able to quickly and conveniently participate in slot auctions on OKX with zero gas fees and will get DOT rewards from OKX as well as rewards from the projects that users vote for.
What is early bird voting?
OKX’s support of Polkadot parachain slot auctions will allow users to vote for projects before the auction officially begins. During early bird voting, users can get rewards from both OKX and the projects they vote for. Once the official auction starts, OKX will vote on behalf of the users.
Note: The DOT used to vote during the early bird voting session will be locked and cannot be canceled.
Polkadot slot auction opening time
Polkadot early bird voting: 09:00 Nov 3, 2021 (UTC) - Nov 11, 2021 (UTC)
Polkadot auction official start: Nov 11, 2021 (UTC)
OKX early bird voting rewards: DOT rewards worth 100,000 USDT + rewards from projects
Period: 09:00 Nov 3, 2021 (UTC) - Nov 11, 2021 (UTC)
- Users can vote for projects before the auction officially starts via staking DOT and will get DOT rewards from OKX as well as rewards from the projects they vote for.
- The rewards are divided into two parts. OKX’s DOT Rewards worth 100,000 USDT will be distributed according to the user’s participation time ranking and their share.The DOT rewards from OKX will be distributed to users finance account within 10 workdays after the event.The project token rewards will be distributed according to its separate rewards plan, once the tokens are transferable.（Detail:"Parachain slot auction"）
Early bird reward details
|Projects||Period||DOT Rewards from OKX||Rewards from projects|
|Acala Network（ACA）||8 Days||The top 30% users in the staked order will share DOT worth 50,000 USDT；ranked 30%-60% users in staked order to share DOT worth 30,000 USDT；ranked 60%-100% users in staked order to share DOT worth 20,000 USDT||70,000 ACA and NFT|
|Astar Token（ASTR）||Users who stake the DOT before 11.18 can receive a 20% early bird reward|
|Moonbeam（GLMR）||GLMR worth 100,000 USDT|
Share 10% of extra MANTA rewards.
Vote 1 DOT to get extra 2 CLV
Share BNC worth 150,000 USDT
- The total size of DOT rewards is 100,000 USDT equivalent DOT, which will be divided according to the shares in the corresponding ranking order.
- Please refer to the slot auction page for details on the rewards plan of each project.
- After participating in the early bird voting, the staked DOT will be locked; once the auction begins, all of the DOT that a user staked will be used to vote in accordance with Polkadot’s official rules.
- The DOT rewards from OKX will be distributed to users finance account within 10 workdays after the event.
To join via web, navigate to Finance in the top menu and choose Earn. Then, enter the slot auction page through the "Parachain slot auction."
From the OKX app, select Earn from the home screen and then enter the slot auction page by tapping "Parachain slot auction"
For quick access to the slot auction page, visit https://www.okx.com/earn/slotauction
Nov 3, 2021 (UTC)