ParaState Weekly News — 24.03.2022

DT
3 min readMar 24, 2022

We are grateful for your outstanding support growing the ParaState ecosystem. With great pleasure we prepared for you most recent news and updates about ParaState.

1. ParaState and Polkadot Crowdloan Auctions

During first weeks of March ParaState made important step towards Polkadot ecosystem. Geminis Network is parachain supported by ParaState, took part in its first Polkadot Slot Auction number #11 from March 3 to 10, 2022.

The Geminis Network is the first Polkadot parachain supported by the advanced technical stack of ParaState, a multi-chain smart contract platform bridging the application and developer ecosystem between Substrate-based blockchains like Polkadot, and Ethereum. The long-term goal of Geminis and ParaState is a multi-chain smart contract platform bridging the application and developer ecosystems between Polkadot and Ethereum, as well as other chains that aim to achieve high-performing Ethereum compatibility.

However, the story of Geminis Network only began. Team prepares for a new crowdloan auctions and if we win the Parachain slot, the new Parachain will become the first valuable network to accrue license fees to the ParaState DAO treasury. The DAO Treasury is funded by blockchains and DApps paying license fees and transaction fees to use the ParaState technical stacks.

Moreover, keep eye on our social media channels for updates. We can’t give too much information, but everybody who wants to see ParaState on Polkadot will be satisfied with the news!

Read more:

Announcement of Launch of the Geminis Network and Polkadot Parachain Auction Crowdloan

Building the New dApps Ecosystem in Polkadot With ParaState

2. ParaState’s Ambassador Program

As you probably know, recently ParaState announced POLIS II, ParaState’s ambassador program that was designed to support next stage of growth and to onboard a strong team of professionals to help grow ParaState’s initiatives.

We are happy to announce that first three Ambassadors have committed to a 12-month tenure with ParaState. Ambassadors will support ParaState with marketing and technology initiatives in our global community to spearhead our next stage of development. Moreover, POLIS II ambassador campaign is still live and everybody can complete the form to participate in Hermes ambassadors program. There are still three Hermes position vacancies!

Join POLIS II today, or read more to learn about how you can contribute to the ParaState ambassador program and earn the $STATE token while developing highly in demand professional blockchain skills.

Read more: POLIS II: ParaState Call for Official Ambassadors

3. ParaState Social Media Channels

We are proud to announce that recently our social media channels reached new heights! ParaState Co-Founder Marco Chen recently held AMA in ParaState Telegram channel and answered questions about the road ahead, polkadot parachain, our token launch & more. Our Telegram channel continues to grow and now has 12400 users.

Moreover, you can always read our recent news in official ParaState Twitte r channel. We just hit 14300 followers!

Follow our Twitter and stay tuned for updates. We can’t give too much details, but suffice to say that everybody who wants to stake $STATE tokens will be happier when March comes to an end!

About ParaState

Known as Ethereum on steroids, ParaState is a multi-chain smart contract platform bridging the application and developer ecosystem between Polkadot, Substrate and Ethereum, as well as other chains wanting to provide Ethereum compatibility. While supporting the EVM pallet to provide seamless compatibility with all existing Ethereum applications, ParaState also provides developers with a next-gen smart contract implementation environment, Ethereum-flavored WebAssembly. These two infrastructures are ensured to talk to each other and share the same account system on ParaState.

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