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HOW PARACHAIN AUCTIONS WORK

The Integritee Polkadot
Crowdloan Explained

One of the biggest advantages of Polkadot is that it enables many decentralized networks to achieve strength in numbers by pooling security resources. Integritee uses the shared security and public auditability of Polkadot to power our privacy-preserving data services.

How to contribute

Polkadot parachains are leased in slots to the projects which provide the largest bond in the form of locked-in DOT. Backers can support their favourite projects by locking in DOT for the duration of the lease period. The reason it is called a “crowdloan” is that backers retain full access to their DOT once the lease period ends.

Learn more about crowdloans

Integritee wants to renew its Polkadot parachain slot and will be rewarding DOT holders who support Integritee bids with TEER.

Learn more about the auction
WHY OUR PARACHAIN?

Support Integritee’s Parachain Bids

Integritee enables developers and firms to process sensitive data, without compromising on privacy. Our platform combines the trust of blockchain with the confidentiality of off -chain, Trusted Execution Environments (TEEs). We enable decentralized data-driven apps and services to can securely process sensitive data, without revealing it on chain.

The Integritee ecosystem, across all instances on Kusama, Polkadot and elsewhere, is powered by our native token, TEER. Backers who support our parachain bids by temporarily locking in DOT will be rewarded in TEER.

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HOW WE ALLOCATE TEER

Supporter Rewards

Integritee tokens will be distributed to DOT holders who support us in the Polkadot parachain auctions. The quantity of TEER you receive as a supporter is proportional to the amount of DOT you lock until Feb 13, 2026. Each DOT will be rewarded with 2.5 TEER tokens. No more than 100,000 DOT can be contributed.

TEER is listed now:

As our Token is traded on several exchanges you can now calculate the value of TEER rewards.

Decentralization:

For TEER to serve its purpose as a means of exchange and governance for the Integritee network, it must be circulated widely. Our approach to supporter rewards guarantees that a large number of tokens will be distributed.

As a supporter you receive:
1 DOT locked = 2.5 TEER + bonuses

subject to linear vesting over 96 weeks

EARLY SUPPORTER BONUS

Back Integritee Early &
Get a 20% Bonus Reward

It’s easy to follow the crowd, but some can see the future before everyone else.

That’s why we are rewarding the early pioneers. Back us in the first 72h before February 10th 09:00 GMT and receive a 20% Early Supporter Bonus. This will be added to your standard Supporter Reward, which is proportional to your DOT contribution. The more you bond before the deadline, the more TEER tokens you will be eligible to receive.

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LOYALTY REWARDS

Support Integritee Again & Receive a 15% Bonus Reward

We are proud of the tremendous support we have received from backers globally in the previous auctions. As a mark of our appreciation for your continuednsupport, anyone who backed us in our previous winning Polkadot auction will receive a 15% bonus on their Supporter Reward for any new contribution.

TOKENOMICS

The Value of the
TEER Token

The TEER token is the fuel that drives the Integritee platform — a common means for platform access across all our Kusama and Polkadot parachains.

Integritee adopters will require TEER to pay for our privacy-preserving data services. Given the growing consumer and regulatory pressure to protect user privacy, technologies like Integritee are rapidly becoming essential for firms. Thus, TEER has an intrinsic value which will be directly linked to demand for Integritee’s services.

Token Burn Mechanism:

A portion of the fees paid to the treasury for each transaction will be burned. This will have a deflationary effect, reducing the supply and thereby driving growth in the value of TEER, other factors being equal.

Lockdrop Mechanism:

Third-party developers can use our scalable, second-layer side chains to host their projects. Integritee will offer proportional discounts in fees to projects which lock in TEER on the Integritee parachain. This will slow down token velocity, further stimulating token value.

Integritee’s Roadmap

  • Encointer whitepaper release, sketching a privacy solution with TEEs.
  • Beginning of the SubstraTEE journey.
  • First public demonstration of private off-chain execution.
  • Secured Web3 grants to develop SubstraTEE using Intel SGX, and Substrate Rust API client.
2018-2019
  • Web3 grant for SubstraTEE extension pack & secured Polkadot Treasury grant for “SubstraTEE scalability”.
  • Closed seed round &
    Series A
  • Released Tokenomics Paper.
  • Launch main-net and TEER token.
  • TEER on a major exchange.
  • Secured first Kusama slot.
2020-2021
  • Secured Polkadot Parachain Slot
  • Named 1 of 10 promising Swiss startups by EU Startups
  • Finals of eurobits ESCO Startup Award 2022
  • Finals of eurobits ESCO Startup Award 2022
  • XCM (messaging) integrations with Moonriver, Karura, Bifrost
  • First PoCs completed
2022
  • Launch of Securitee Confidential Computing infrastructure product
  • Release of Oracle framework
  • SDK improvements & first enterprise developing on Integritee
  • Release of Attesteer service
  • Release of Whitepaper with OVH & Intel
  • Tech4Trust Accelerator Acceptance
  • Incognitee Testnet Launch
  • Hackernoon Startup Award winner in Zurich
2023
  • Release of Whitepaper with OLI Systems
  • First live project(s) on network
  • Launch treasury grant program
  • DEX Listing
  • Incognitee Mainnet Launch
  • Release of Sidechain as a Service on Securitee
  • Bridge Integritee Kusama to Integritee Polkadot
  • Bridge to other Ecosystems
  • Release Sidechain SDK
    v 1.0.0
2024 and beyond

FAQs

How does crowdlending work?

Polkadot parachain slots are leased, for a limited period, via slot auctions. Projects bid for auction slots with collateral in the form of DOT tokens. Crowdlending is one way for bidders to raise the collateral they need to win a slot. Integritee supporters can “lend” their tokens – in a process called bonding, staking, or nominating – to help the company achieve its goal of occupying slots on Polkadot.

Lenders (or “nominators”) never cede custody of their tokens; the bids are merely locked for the duration of the lease, and released in full at the end of the period. Integritee will never get access to your wallet or tokens and will never hold any contributions. This process works directly between contributors and the Polkadot Network.

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