In conjunction with the commencement of the official Polkadot parachain auctions on November 11, Clover Finance (CLV) is holding a pre-crowdloan event for the CLV auctions hosted on Binance starting today.
During this pre-crowdloan event, Binance will start accepting DOT, and Clover Finance will be distributing $10 million in CLV solely to participating Binance users.
Clover Finance will start the pre-crowdloan event and will be one of the first para chain slots officially on Polkadot. For the auction, each crowdloan period will span one week and will run through on March 3, 2022, for all eleven spots. There will be two batches of crowdloans hosted, with the first batch of five parachain slots set to start onboarding on December 17, 2021, and the second batch of six para chain slots set to be onboarded on March 11th, 2022. During this phase, there will be no lock on the CLV received to DOT contributors.
bDOT
Users that participate in the pre-crowdloan or official crowdloan through the Binance exchange will earn 1:1 bDOT for their DOT contributed on top of the CLV Bonus. bDOT is a para chain auction bond that will be liquid on Binance and represents the committed DOT in the crowdloan. Users will earn liquid bDOT and bonus CLV in addition to participating in the crowdloan through Binance.
After Binance pre-crowdloan
Clover will use the DOT raised during the pre-crowdloan time, as well as the DOT gathered during the regular crowdloan period beginning on the 11th, to participate in the para chain auction after the pre-crowdloan period has ended. Clover Finance intends to participate in the first round of auctions, which will take place from November 11 through December 16.
Clover Finance will be the only project listed among all projects participating in this para chain auction. Clover Finance will be the best APY candidate for the auction. They are also one of the only projects to support NFT, multichain, and Clover FinanceClover Finance esp on mobile.
About Clover Finance
Clover Finance (CLV), is an infrastructure layer that started in May 2020, and its mainnet was launched in July 2021. It provides a one-stop, easy‑to‑use blockchain infrastructure and an Ethereum virtual machine (EVM) compatible framework for Substrate‑based applications. Clover Finance focuses on driving improvement in the landscape of cross-chain compatibility and multi-chain wallets experiences.
The Clover Extension Wallet and Mobile Wallet are now live with compatibility to DOT, SOL, FTM, ETH, BSC, MATIC, AVAX, DAI, and more. The high level of compatibility along with its iconic Active-dApp network allows users to connect to any dApp from different networks simultaneously.
This paradigm shift is going to open up a whole new multi-chain wallet experience for everyone in the ecosystem.
For more information and alerts on the latest news please follow Clover on social media, Website | Telegram | Discord Twitter | Github | Whitepaper.
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