Tokensoft, a platform for creating and managing blockchain assets, has announced it now supports Polkadot projects participating in Parachain Slot Auctions. Polkadot community projects can use the Tokensoft platform to bootstrap a bid on Polkadot Parachain slots, raise funds in $DOT, and distribute digital assets to Polkadot community members.

“The Polkadot ecosystem is expanding at a rapid pace, and we’re excited to bring a suite of tools that allows Polkadot-based projects to raise the funds they need to secure a slot and launch a new parachain.”
– Mason Borda., CEO of Tokensoft

Projects seeking to launch on Polkadot must win a Parachain Slot Auction in order to gain a slot on Polkadot. This allows them to inherit Polkadot’s proof-of-stake security and to utilize Polkadot’s cross-chain interoperability. Teams can garner community support via a ‘crowdloan’ in order to bootstrap their bid in the parachain slot auction. Upon winning an auction, teams then reward contributors with their native token. Tokensoft helps build the community relationship while leveraging the battle-tested infrastructure that brought projects such as Tezos, Avalanche, and The Graph to market.

“The Tokensoft platform has already helped us engage with over 20K community members as we hosted the first ‘Build Acala’ event to begin bootstrapping the Acala Treasury ahead of our upcoming launch on Polkadot. The new Tokensoft platform features will undoubtedly be a positive addition to the Polkadot ecosystem as parachain slot auctions continue to roll out over the coming years.”
– Bette Chen, Co-Founder of Acala

“We are delighted that Tokensoft has made strides to support Polkadot parachains as they work to translate the groundswell of community support into the tangible assets needed to secure a parachain slot. We look forward to working with the Tokensoft team to host a sale with broad distribution to both our loyal community following and our soon-to-be community members who are just discovering the rapidly expanding ecosystem on Moonbeam.”
– Aaron Evans, Director of the Moonbeam Foundation

If you’re building in the Polkadot ecosystem and on the path to a parachain auction, reach out to learn more about Tokensoft’s support for Polkadot here.

The post Blockchain asset management platform Tokensoft now supports Polkadot Parachains appeared first on CryptoNinjas.

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