Polkadot Weekly: Parachain auctions are about to begin, multiple projects announce crowdloan plans

The Polkadot parachain slot auction will officially start on November 11th. This week, several projects have announced their crowdloan plans, and the ecosystem's popularity continues to rise.

Important Progress in the Polkadot Ecosystem

• The Polkadot Council has approved the registration of the Shell parachain proposal to prepare for parachain slot auctions.
• Proposal 42 passed, opening up parachain ID registration and crowdloan module
• Six teams have started crowdloans, with over 10 million DOT locked.
• Kusama has completed its 12th parachain auction, and the Picasso project has successfully secured a slot.
• Kusama has started the 13th round of auctions, expected to end on November 8.

Important Project Updates

• Acala announces crowdloan plan, providing 170 million ACA incentives
• Litentry will participate in the first round of auctions, offering a reward of 20 million LIT.
• Manta Network reserves 15.6% of the total token supply as auction rewards.
• Bifrost will release DOT liquidity for multiple projects through SALP.
• The SubDAO testnet has seen the participation of multiple projects such as Crust and Phala.

Ecological Cooperation

• Exchanges such as Binance and Huobi will support multiple projects participating in parachain auctions.
• Bit.Country has reached strategic cooperation with SubDAO, Metadojo, and others to jointly explore the metaverse.
• Zenlink has integrated with the Moonriver and Bifrost networks.
• SushiSwap launches liquidity mining program on Moonriver

As the parachain auction approaches, the Polkadot ecosystem is gaining momentum, with various parties actively making arrangements. The coming week will be a critical period for Polkadot's development and is worth keeping an eye on.