Dear valued customers：
OKX will officially launch the Kusama parachain slot auction at 12:00 pm UTC on June 8 .
Voting and chain rules:
OKX will provide its users with access to participate in the slot auction. Users will then be able to stake KSM for the project of their choice. The minimum staking amount is 0.1 KSM. OKX will then cast users’ votes on-chain in every 2 hours based on the KSM locked in each project. The voting duration and the final bidding results of the project are determined and announced by Kusama official.
Rewards and staking rules:
If the project gains a slot, then KSM needs to be locked on the chain for a certain period of time,during which,OKX will receive the staking rewards and distribute them to participating users. Lock-up times and rewards are determined and announced by each project’s team. If the project does not gain a slot at auction, OKX will retrieve assets from the Polkadot blockchain and repay the participating users.
OKX only acts as a platform to showcase projects and provide users with related services, such as accessing projects and distributing rewards, etc. OKX does not assume liability for any losses incurred due to project and chain security issues.
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"
June 8, 2021 (UTC)