Khala Network Participates in Kusama Parachain Auction
According to real-time data from Polkadot.js, Khala Network—the prelaunch network of Web3 cloud computing project Phala—has officially entered the fourth round of Kusama's parachain slot auction. Key details:
- Current Bid: 50,887 KSM
- Auction Safety Period: Ends July 8, 14:00 UTC
Rewards Structure:
- 1 KSM : 150 PHA (Phala Network token)
- Additional 0.5% referral bonus
- Exclusive commemorative NFT gem for contributors pledging ≥1 KSM
Strategic Importance of the Auction
Khala’s participation underscores Phala’s commitment to decentralized cloud infrastructure within the Polkadot/Kusama ecosystem. A successful bid would accelerate:
- Cross-chain interoperability via Kusama’s relay chain.
- Privacy-preserving computation for Web3 applications.
FAQ: Khala Network & Kusama Auction
Q1: What is Khala Network’s role in Phala’s ecosystem?
Khala serves as Phala’s testnet and early-stage deployment environment, focusing on data confidentiality and scalable computation before full mainnet launch.
Q2: How does the parachain slot auction work?
Projects compete by crowdloaning KSM tokens. The highest bidder wins a slot to connect their blockchain to Kusama for 48 weeks, enabling shared security and interoperability.
Q3: Why should contributors support Khala’s bid?
Beyond token rewards, backers gain early access to Phala’s privacy-centric cloud services and help shape decentralized infrastructure.
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Key Takeaways
- Khala’s auction bid reflects strong community backing.
- PHA token utility includes governance and service payments within Phala’s network.
- Kusama’s modular design enables projects like Phala to test breakthroughs before Polkadot integration.
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