what is parachain auction

[Lutera94]

In this year parachain is the most hot technology in the crypto world. Till now parachain auction didn’t launched. We need to know how the parachain auction works. If any project want to get a parachain slot then they have to pay a bid. Phala network, PCX & many more project are may be trying to get parachain slot. parachain slot is limited & many more project try to bid in parachain auction but everyone can't  get slot.Those who will be slected to the parachain will have a term of 6 months to 2 years then they will have to renew again. this is why parachain value is too much. The biggest thing is that in order to participate in the parachain you have to do bid through polkadot. Thats why polkadot will be flying when parachain auction launched.

[Rafiq]

Parachain is an application, it is a data structure; I had no idea more than that. Thank you so much for posting a very high quality post. What is a parachain auction? I found out after reading your post, I also found out what kind of relationship it has with Polkadot. Hopefully in the future you will give us more valuable posts with rich information.

[Lutera94]

Parachain is an application, it is a data structure; I had no idea more than that. Thank you so much for posting a very high quality post. What is a parachain auction? I found out after reading your post, I also found out what kind of relationship it has with Polkadot. Hopefully in the future you will give us more valuable posts with rich information.

Thank you too. I am trying to give my best. personally i am really excited to see parachain auction. Before parachain auction polkadot price also cheap & after this polkadot demand increasing a lot.