Developed and released by Gavin Wood, co-founder of Ethereum Polkadot (DOT), It’s not just a single cryptocurrency. The Polkadot network has actually made a huge splash with its subnets known as the parachain, and its sales have just started.
Cryptocurrencies on the Polkadot network are also likely to have one of the limited number of parachains they offer in these auction-style sales. Today, the winner of the fifth parachain sale has been announced.
CLV Wins Parachain Sale
According to the information transmitted by Wu Blockchain, Clover Finance officially owns the fifth parachain slot. This essentially means that the first round of parachain sales has been completed, with the first five slots sold.
On December 18, 5 parachains will be directly integrated into the Polkadot network and block production will begin. The second round of sales is expected to begin on December 24.
Clover Finance won the 5th Polkadot Parachain Slot Auction, and the first round of auctions has ended. In December 18th, the first 5 parachains will be integrated into the Polkadot chain to start block production. The second round of auctions is expected to start on December 24.
— Wu Blockchain (@WuBlockchain) December 16, 2021
Polkadot rose 11% in the last 24 hours with the news of the integration, while Clover reacted much more. Although Clover Finance rose 21% in 24 hours to $ 0.88, it is currently at $ 0.77.
Despite this, it seems that the CLV is still far, far from the all-time record. CLV had a similar success when the whole market broke the record on August 17 and broke the all-time record with $1.88.
After the integration starts, the CLV price can be expected to gain a more serious rise.