Khala Wins The Fourth Kusama Parachain Slot Auction

We are excited to announce that Khala secured the fourth parachain slot on Kusama – Congratulations!

Slot 4 Winner

Khala (K-PHA) – Phala Network is a Kusama parachain that tackles the issue of trust in the computation cloud. This blockchain is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. Built around privacy technology already embedded into modern processors, Phala Network’s distributed computing cloud is versatile and confidential. Also, Phala ensures processing power is highly scalable. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.

The candle auction for the fourth parachain slot ended on block 8,323,562 and Khala won the auction with a total amount of 132,280 KSM bonded to its project.

Rewards
The amount of K-PHA token rewards per KSM and when they will be distributed is being finalised by Khala. We will update this blog and the Kraken Support Center when these details become available.

Rewards for supporting parachain projects vary per project. Please see our Support Center article for an illustrative breakdown of the potential rewards per KSM contributed, percentage of tokens issued to parachain auction contributors, campaign durations, token vesting schedules and more. The Support Center will only reflect information on currently supported projects. 

When will Khala be live?

Possibly in the following weeks. We will update this blog and email all clients who contributed when Khala provides more details.

What happens to the other projects I supported that didn’t win?

KSM contributed to other projects will continue to support the bid of those projects to win Slot 5, which is now open. For more information about the fourth slot and additional FAQs please see our initial blog.