Subsocial’s Crowdloan Is Live!

TL;DR: The Subsocial crowdloan is live, contribute here.

Wen Crowdloan?

After a long wait, it is finally here - with a twist.

Instead of converting the current betanet to a parachain mainnet, we are going to continue it as a standalone chain, while also launching another chain as a parachain, which we call SubsocialX (the X represents the experimental, exploratory, and cross-chain nature of the project).

SubsocialX will be used more for Social Finance and cross-project integrations, as mentioned here, while the main Subsocial chain will be used for social networking. A bridge between the two will be created, and the same token will be used for both chains.

For a full breakdown of our crowdloan rewards, please see this post. You can contribute to our crowdloan and help secure Subsocial’s instrumental role in the future of Web3 by visiting our crowdloan page, or you can also contribute through Polkadot.js, though you will not be able to make use of the referral bonus if you do so.

If you visit Sub.ID and click the contribute button next to our crowdloan, you will be taken to our crowdloan page with a special bonus: you will gain the full referral bonus. It will not be split - the entire bonus will go to you, meaning you will receive an extra 15 SUB per KSM that you contribute.

Despite our fashionably late timing, we are confident that we can overtake the competition and secure the win in the 4th auction of this round, in order to fully launch Subsocial soon. We want to extend our fullest thanks to our amazing community members for your support. We could not do this without YOU!