[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  The Phantom Tom [@ThePhantomTom](/creator/twitter/ThePhantomTom) on x 4989 followers Created: 2025-07-24 06:47:47 UTC Polkadot uses a parachain slot auction system to onboard new blockchains. Each parachain competes for a slot by locking up DOT through a candle auction. Why this matters: It prevents spam, ensures only serious projects join the network, and aligns parachains with Polkadot’s long term success (since their DOT is locked for the lease period). When their lease ends, they can bid again or transition to a parathread for pay as you go access  XXX engagements  **Related Topics** [dot](/topic/dot) [Post Link](https://x.com/ThePhantomTom/status/1948273891278774474)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
The Phantom Tom @ThePhantomTom on x 4989 followers
Created: 2025-07-24 06:47:47 UTC
Polkadot uses a parachain slot auction system to onboard new blockchains.
Each parachain competes for a slot by locking up DOT through a candle auction.
Why this matters:
It prevents spam, ensures only serious projects join the network, and aligns parachains with Polkadot’s long term success (since their DOT is locked for the lease period).
When their lease ends, they can bid again or transition to a parathread for pay as you go access
XXX engagements
Related Topics dot