"Supply shock" predicted as Kusama (KSM) parachain auctions heat up - Aliens: AI Crypto News & Markets Updates

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"Supply shock" predicted as Kusama (KSM) parachain auctions heat up

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Crypto Slate

Thu, Sep 30, 2021

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“Supply shock” predicted as Kusama (KSM) parachain auctions heat up.

According to Twitter user@DonnieBigBags, approximately 2.4 million Kusama tokens are locked in auctions, accounting for more than a quarter of the circulating supply.

It's only going to continue to dry up.I've know of 3 projects buying$KSMoff of the market right now, fighting over the 2 remaining auction slots of this round.pic.twitter.com/rUG0XQ5r57— Donnie (@DonnieBigBags)September 28, 2021.

With a circulating supply of just8.47 milliontokens, tokens locked in auctions and staking equate to 87% of the circulating supply.

Projects can set up crowd loan campaigns to bump up their auction bids.

Supporters contribute by locking up their $KSM against their chosen project until the end of the lease.

Who are the leading projects in the latest auction?.

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