PHALA Network (KHALA) is Preparing for its first Crowd Loan on Kusama


Phala Network is currently preparing to launch Khala Network, it’s sister network, on Kusama in the upcoming weeks. Phala Network will compete for a parachain slot on Polkadot later this year and Khala Network will compete for a parachain slot on Kusama Network in the coming weeks or months.


First, Phala is launching Khala to show that they can successfully integrate their parachain into Kusama, Polkadot’s canary network. After successfully winning the parachain slot auction and integrating into Kusama, Phala will be ready to launch as a parachain on the Polkadot network. By crowd loaning to the Phala Network for 48 weeks you can expect to receive 100 Phala tokens for every 1 Kusama token giving it a 100:1 ratio. As of the time of this article 1 Kusama token is worth $329 and one Phala token is worth. $0.61 In summary, by crowd loaning your Kusama tokens to Phala Network you will earn about an 18% yearly return on your money. This percentage has been calculated while Phala Network token is currently at an all time low, so we expect this number to be much higher especially as Phala tokens rise in popularity and scarcity. You can read more at: https://medium.com/phala-network/phalas-kusama-slot-auction-strategy-34cb93e07f3a


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