How do crowdloans work on Polkadot?

Teams can choose to host their crowdloan campaigns natively on Polkadot and/or via third party entities. If you’re less experienced using blockchain technology, you may find it easier to participate in a non-native campaign via third party platforms. Polkadot-JS Apps is the native way to participate in parachain crowdloans.

How do I create a polkadot account?

The account creation process on polkadot.js is laid out in this article . Make sure you switch to the Polkadot network before you follow the instructions (or Kusama for the respective crowdloans). You can do this by clicking on the network on the top left and then selecting the correct network node from the list.

How do I participate in crowdloans?

To participate in Crowdloans, you’ll need a Polkadot account with a positive balance. Then, find the project you’d like to contribute to under the Crowdloan tab in your Polkadot dashboard, click ‘contribute’ and select an amount. If you’d like to do a walkthrough in advance, you can use the Rococo testnet to practice.

How to contribute KSM tokens to a crowdloan on Kusama or polkadot?

The technical process to contribute KSM or DOT tokens to a crowdloan on Kusama or Polkadot requires only a few clicks. In this example, the crowdloan is on Kusama, but the steps remain the same for Polkadot. 1. Go to Network > Parachains on Polkadot-JS UI: 2.