Fearless Wallet
  • Welcome to Fearless Wallet
  • What is Fearless Wallet
  • Getting Started
    • Download Fearless Wallet
    • Create a new wallet or import the existing one
    • Where do I find my passphrase?
    • How do I buy crypto in Fearless Wallet?
    • How do I send & receive crypto?
    • How do I stake my crypto?
    • How do I participate in crowdloans?
    • How do I fix connection issues?
    • How do I change fiat currency?
    • How do I change a language?
  • Features
  • FAQ
  • Accounts
    • Accounts Overview
    • Accounts Walkthrough
      • Exporting and Importing a Wallet Using a Passphrase
      • Exporting and Importing a Wallet Using a JSON File
      • Manage Assets
      • Unique Secrets
      • Switching Network Nodes
      • Wallet balance FIAT value
  • crowdloans
    • Crowdloan Overview
    • Crowdloan Walkthrough
      • How to View your Contributions
      • How to Claim AIR Rewards from the Centrifuge Kusama Crowdloans
      • How to Access your KMA Rewards from the Calamari Kusama Crowdloan
      • How to Access your GENS Rewards from the Genshiro Kusama Crowdloan
      • How to Access your ASTR Rewards from the Astar Kusama Crowdloan
      • How to Access your NEER Rewards from the Bit.Country Kusama Crowdloan
      • How to Access your INTR Rewards from the Interlay Polkadot Crowdloan
      • How to Access your KILT “Thank You” Coins from the KILT Protocol Kusama Crowdloan
  • Staking
    • Staking in Fearless Wallet
    • Staking Walkthrough
    • Moonbeam and Moonriver Staking
    • SORA Staking
    • Ternoa Staking
    • Nomination Pools Staking
  • FEATURES
    • Polkaswap Swaps
    • EVM Networks
    • Cross-Chain Transfers (XCM)
  • Browser Extension
    • How to use Fearless Wallet with Polkaswap
  • Learn Fearless
    • Introduction
    • Articles
    • Fearless Development Demos
    • Conclusions / Next Steps
  • Resources
    • Developer
    • Community
    • Social media
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  • In Summary
  • What is a Crowdloan?

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  1. crowdloans

Crowdloan Overview

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Last updated 3 years ago

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In Summary

  • Fearless Wallet supports all crowdloans on Kusama and Polkadot

  • Participating in crowdloans is easy and intuitive using the Fearless Wallet mobile app

What is a Crowdloan?

Crowdloans are a great way for projects to raise funds to participate in parachain slot auctions, and for passionate users to support the projects they follow in achieving those slots. These projects can participate in one or more auctions for a parachain lease, and users can collaborate throughout the duration of the auctions (you can take a look at the for more information on how Crowdloans and Auctions work).

Crowdloans aren't actually loans

First and foremost, all Kusama and Polkadot crowdloans are supported on Fearless Wallet. With that said, since users will be loaning their funds (this is not really a loan, since funds are returned in full after auctions if the slot is not provided, or after the lease is over if it is), projects offer rewards in the form of their token in proportion of the amount provided by the user. This makes crowdloans an attractive (and perhaps lucrative) way to support projects. Each project will have different rewards (Fearless Wallet does not determine the reward payout or amount, this is done by the projects. Fearless Wallet cannot answer inquiries regarding reward payout dates or amounts), this should be taken into consideration when allocating tokens to each project. There are plenty of projects to choose from of the current projects.

Kusama website
here is an overview