Ares Protocol continues to participate in the Kusama Parachain Slot Auction
On the afternoon of July 20th, the fifth parachain slot auction on the Kusama network has been carried out successfully, which indicates that the first slot projects of the Kusama network are ready for launching, and the parachain will be run in parallel on the Kusama network. Now, we are one step closer to an interoperable multi-chain vision!
As the leading network built by Ares Protocol on Kusama, Mars participated in the first Kusama slot auction immediately.
In fact, ARES has launched the ARES PC1 testnet long ago, and has been testing the parachain in Rococo. 20% of the tokens in the ARES ecosystem are used to participate in the slot auction, and will be allocated to those users who support ARES bidding on the slot. Users can participate in the slot auction through the Crowdloan program.
For the slot of Kusama auction, ARES launched a specific incentive programs: Pledge 1KSM can get 1000 MARS (project first network Token), the auction total 160,000,000 tokens, which will be released instantly after the successful bidders reward! The event is currently being carried out in a wide range. ARES hereby appeals to community partners to positively participate, vote for ARES, and get rich rewards!
Help ARES Slot Auction Link:
Ares Protocol is a decentralized cross-chain oracle platform, which truly implements a new generation of cross-chain oracle service protocol verified on the data chain, and pioneers the creation of compensation channels for data users when they suffer business losses due to the use of oracle data.
Mars is a pioneer network built by Ares Protocol on Kusama. It will conduct some contract call tests for asset prices. If tested in a real environment, it will be deployed on the Ares Protocol mainnet.
Later development plan
After successful auction of the Kusama slot, Ares Protocol will provide Kusama with a native oracle support, support the Ink contract ecology, and bring better oracle services to DeFi developers.
After the function of the oracle machine is stable, Ares Protocol will integrate the Wasm contract environment to build a platform for the oracle machine, attract more developers to develop DeFi on the ARES chain, and provide better data services.
There are various applications in the Polkadot ecology. ARES will provide data quotation services for the loans, stablecoins, and Dex in Polkadot, and provide random numbers and reliable off-chain data for NFTs, games, and DAOs.
ARES will also build an oracle network in the Ethereum ecosystem, and will successively launch staking and liquidity mining on Ethereum, and use derivative agreements for data cross-chain interaction.
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