Kusama and Polkadot Parachain Lease Auction Crowdloans: A Win-Win Situation

When Gavin Wood spoke about Parathreads back in 2019, he outlined the theory behind parachain slots, and parathreads alike. Which, as my collaborator and attourney advised, many community members who are not familiar with the Polkadot/Kusama ecosystem would not understand these concepts. This video helps to fill in the gaps, so you might want to watch it before you dive in to crowdloans.

Anyway, this article in question is a quick guide for an aspriring degenerate to begin a fruitful run as a crowdloan contributor. Unlike nominating, which has a minimum entry quantity that is higher than the credit someone starting up can have to invest, crowdloans are actually a great way to get involved with the network.

1. First, it helps degenerates get into the habit of reading up into what they intend to buy into, which goes in line with the traditional notion that gamblers are the most insightful people. Although of late, trends seem to indicate otherwise.
2. Next, the tokens you contribute make you more tokens, but you never lose them! Yes, you will get your contribution back immediately if the project you support does not get a lease, and after the lease is over, plus rewards, if the project wins!

Please, try and be a professional degenerate and make sure to do your research if you are not fortunate enough to collaborate with someone as wise as I do. With that said, don't rely on the footnotes only, and read the full article. Here is a final thought to get your juices flowing. It has been adapted from a Hunter S Thompson quote, replacing the word "politics" for "crypto" but for all intents and purposes it fits quite well here.

"Not everybody is comfortable with the idea that [crypto] is a guilty addiction. But it is. They are addicts, and they are guilty and they do lie and cheat and steal — like all junkies. And when they get in a frenzy, they will sacrifice anything and anybody to feed their cruel and stupid habit, and there is no cure for it. That is addictive thinking."

Thanks again for your attention WR