Be part of Innovation By Contributing To Polkadot Crowdloan for the InvArch Network!

SmDawudeen
6 min readMar 14, 2023

Our global market is heavily centralized and manipulated!

The recent financial crisis, is an indication that the global economy is in jeopardy. It is not longer a question of possibility rather, when will the global economy starts crumbling? At the same time, one will argue that the answer lies in innovative web3 projects, agricultural, high-tech physical economic development, etc

Success of web3 is a collective effort of the web3 community — supporting an innovative project in the space. InvArch crowdloan is an opportunity for anyone to support Invarch project to help fund its development and potentially earn rewards in the form of VARCH tokens

InvArch Network
Let look at what’s InvArch network and what it’s bringing to polkadot ecosystem as one of its parachains

InvArch network is a universal IP management protocol, which will transform DeFi, DAOs and metaverse via IP assets. InvArch is the ultimate layer-1 network for the DAO economy — offering a multichain infrastructure and array of solutions for multiparty ownership, intellectual property and seamless integration with various chains

InvArch is both a service parachain and an application-specific blockchain that empowers the Polkadot ecosystem.

With InvArch’s multi-sig solution (Saturn), using XCM will allow for accounts to be added or removed from multisig and for multisigs to be used across different parachains. This multisig is the foundation for DAOs on the network & features bridgeless multichain asset management, fluid user onboarding & off-boarding, customizable rules and permissions, off-chain signing etc

InvArch also features DAO Staking for organizations, integration support for solutions provided by other Polkadot parachains, Ethereum compatibility, as well as a slew of native feature such as automated income flows for treasuries, contribution tracking, split royalties etc

What’s Crowdloan?
A crowdloan is a decentralized method of raising funds for a project, where individuals contribute their cryptocurrencies to support a particular project, their cryptocurrencies will be returned after a period of time and in return, they receive a reward.

InvArch Crowdloan
The Invarch crowdloan began on March 11th, 2023 through slot auctions #42 & #43 and will run for several weeks. The team intends to raise 150,000 DOT. Participants can contribute their DOT tokens to the crowdloan directly from their own wallets or through Dapps that support the crowdloan. After 2 years, 100% of all crowdloaned DOT will be returned to the contributors.

Invarch Crowdloan Rewards & Bonus
VARCH is the native token of InvArch network. It will have a total supply of 1 billion tokens and 0% token inflation. Interesting, 1.5% of the total supply equivalent to 15m VARCH will be allocated and distributed to the crowdloan contributors . This means that for every 1 DOT you provided, you will get 100 VARCH as a reward.

Note

  • 20% of VARCH will be available to claim immediately while, 80% of VARCH will vest/unlock linearly (every block) over a 96 week period.

Breakdown of the bonus rewards for contributors who qualify:
➖ A contributor who provides 500 DOT or more is entitle to 5% bonus. If the contributor is a holder of InvArch Access Pass NFT, he/she will receive additional 5% bonus — totally 10% bonus. But, if the contributor is a holder of InvArch Access Pass NFT and his contribution is 499 DOT, he/she is entitle to the standard bonus of 5%
➖ A contributor who is a holder of InvArch Access Pass NFT, provides 1000 DOT or more will receive a 7.5% bonus and additional 5% bonus. If the contributor is not holding InvArch Access Pass NFT but he/she provides 1170 DOT, then he/she is entitle to 7.5% bonus
➖A contributor who provides 1500 DOT or more will receive a 10% bonus. If the contributor is a holder of InvArch Access Pass NFT, he/she will receive additional 5% bonus

Note

  • Top 20 contributors will receive additional 5,000 TNKR & a YoudleDAO each
  • A contributor who contributed to the Tinkernet crowdloan will receive additional bonus of 2.5%
  • A contributor who provides 50 DOT & he/she doesn’t hold InvArch Access Pass NFT is not entitled to any bonus

How To Participate
You can contribute your DOT tokens to the crowdloan directly from your own wallets or through Dapps that support the crowdloan. The available options at the moment is either through Talisman, Polkadot.js, Nova or via BIfrost Dapp.

If you want to use Polkadot.js:
1.Go to network and click "Parachains" on Polkadot-JS UI

2. Navigate to the "Crowdloan" tab and click on "Contribute". Take note, InvArch parachain number is 3340

3. Pop-up screen appears, select the account you’d like to contribute and enter the amount of DOT you want to participate with. Then click the "Contribute" button

4. Approve the transaction

If you want to use Nova wallet:
1. Go to your Nova wallet, click on "vote"

2. Click on "Crowdloan" and navigate to InvArch (parachain 30340)

3. Enter the amount of DOT you want to participate with. The click on "continue’'

4, Finally, approve the transaction

If you want to use Bifrost Dapp:
Contributing via Bifrost will allow you to increase capital utilization during the Crowdloan lock-up period. You will receive vsDOT + vsBOND and aslo some BNC
1. Log on to: bifrost.app
2. Click on "polkadot vCrowdloan"

3. Navigate to InvArch and click on "Contribute"

4. Pop-up screen appears, enter the amount of DOT you want to participate with. Then click on "comfirm’'

5. Approve the transaction

The team of InvArch is building an unstoppable, trustless and decentralized domain for the creator economy. Winning this parachain auction will fetch a lot of benefits for polkadot ecosystem. It will allow InvArch network to engage in free trade with other parachains.

The team of InvArch, has expressed the desire to tap into the services of other parachains like Astar Network & its incredibly versatile XVM featuring both EVM & WASM support, KILT Network & its powerful suite of DID solutions etc.

For more information, check out this link:

https://invarch.medium.com/polkadot-crowdloan-for-the-invarch-network-is-live-7a31f2c9ac13

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