Anyone remember @Polkadot crowdloans back in 2021 ?
A crowdloan is a fundraising mechanism used by new projects to secure slots on the Kusama or Polkadot networks.
These projects raised funds by collecting contributions in DOT or KSM from the community.
Acala, Astar, Picasso (not sure what happened there), GLMR - one of the few giga cooks that actually brought hype to Polkadot.
After GLMR, it was mostly downhill.
The market lost momentum, and so did the ecosystem.
If you remember those crowdloans, you’re a Polkadot OG. Which probably means… you lost a lot of money too.
There was too much paid promotion for crowdloans in 2021, which caused many people to lose heavy - see attached image below.
Congrats if you’re still alive 🫡
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