Posted on behalf of Deezer7, aka “The Deez” on Alpaca’s telegram group
Make Alpaca secure a Polkadot parachain slot lease
Gain immense publicity among the Polkadot / Kusama crowd & pontentially tap into the vast grant schemes associated with it
Let’s clarify some terminology first
What is a parachain slot lease? : Polkadot has a scarce ressource; Parachain slots. Any project obtaining one of them can essentially plug their parachain into the Polkadot relay chain and benefit from shared security standarts.
What is a parachain slot auction? Parachain slot leases are granted to anyone bidding the highest amount of DOT in a Dutch candle auction. To bid, DOT has to be locked for 2 years. The project with the highest amount of DOT bids, gets a parachain slot lease for 2 years. After 2 years, DOT is returned to anyone bidding.
Proposed plan of action:
Register a paraID (this is some substrate developer stuff that i have no idea about. Resources linked here)
Contact dotsama (Polkadot & Kusama) newsletters for free publicity
Register a crowdloan for the parachain for max publicity, or just do the parachain auction without a crowdloan and just directly go for winning the slot.
Bid $10 in DOT → Win a parachain slot lease for 2 years
Now we have gained a ton of publicity for alpaca among one of the most thriving blockchain communities (yes i know, prices are rekt there as well)
After winning the slot lease, we are left with many options.
Either we leave it at that and just gained the publicity, or we actually do things with it.
To keep this on the short side, let me list some ideas on how to get developer time/ funding from Dotsama projects.
There are tons of parachains that are wanting to become viable DeFi chains. The number of dapps and their TVL is somehwat lackluster. That is why there are tons of grants that are promising a ton of money for people to develop on their chains.
Parachains can communicate via XCM, therefore building one chain can easily integrate dapps on other chains.
If alpaca integrates their dapps/chains they would probably shower us with money.
I’m sure that Sam can look at this stuff and have an idea whether this is worth pursuing.
Polkadot Treasury (They either have to fund stuff or burn parts of their treasury allocation)
I am well connected in the dotsama space and can easily make intros to all major players.
Alpaca should obtain a parachain slot on Polkadot for free publicity and then explore whether it is viable to build on that fundament.
Get a ton of free publicity through either a marketing stunt. Optionally make good use of the parachain slot that is basically free to obtain.
You can check on the status of ongoing parachain slot auctions here. At the time of writing, no project is competing for a slot, hence any project that would do so, would win.