Parallel: The cKSM-related features will be closed on July 11, and users need to exchange cKSM for KSM

2024-06-26 19:42:06

Collection

ChainCatcher news, the full-chain L2 network Parallel Network announced on social media that it will officially close cKSM-related features on July 11. At that time, users will need to exchange cKSM for KSM.

Parallel will focus on its core areas and enter a new development phase. Starting from August 5, 2024, Parallel L2 will enter a maintenance phase, during which only withdrawal-related functions will be available. The following pages will enter maintenance mode: Parallel L2 Wallet, Parallel L2 Bridge, Parallel L2 Airdrop Page, Parallel L2 Lending, and Parallel L2 Swap.

It is reported that Crowdloan is an on-chain voting and staking product previously developed by Parallel on the Kusama chain. Users can participate in Kusama crowdloans by voting KSM through Crowdloan and receiving cKSM LP tokens issued by Parallel.

(Source Link)

Related tags

Parallel Network cKSM KSM Crowdloan

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.