CryptoSlate Daily Crypto Newscast

Subsocial network wins Kusama’s 16th parachain auction with over 100k KSM raised


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Subsocial Network, a decentralized platform designed to support the creation of decentralized social networks has won the most recent Kusama parachain slot auction. A total of 16.5 million (16.5% of the total supply) SUB tokens will be allocated as rewards for crowdloan participants. It is only the 4th crowdloan to hit the cap of 100k $KSM.
Subsocial is building the future of social finance
Once again the power of community comes to the forefront in the latest Kusama crowdloan. The Subsocial team shared an official announcement via Twitter.
#Subsocial just won @kusamanetwork's 16th auction! Our community's support was incredible, and we became the 4th crowdloan to hit the cap
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CryptoSlate Daily Crypto NewscastBy CryptoSlate