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- Robonomics announced it will be integrating the Polkadot Relay Chain on September 25.
- Polkadot experienced significant price volatility but DOT was unable to break through the $6.50 resistance level.
Robonomics, a major player in the web3 cloud for IoT, announced its potential integration to the Polkadot Relay Chain on September 25th. Boasting over 2 successful years on the Kusama Network, this significant integration will mark a pivotal moment for the Web 3 giant. After the integration, Robonomics will be able to utilize Polkadot’s robust security and scalability.
Greetings @Polkadot! 🖖🤖
Robonomics has won the Parachain slot auction #75 and will be connected to the Relay chain starting September 25, 2024. https://t.co/am4qZP1MaY
Below are (1) the launch plans, (2) what will happen with the parachain on the Kusama network, and (3)…
— Robonomics (@AIRA_Robonomics) July 20, 2024
Integrating as a Parachain, Robonomics will gain access to Polkadots applications and services, fostering innovation within the robonomics and IoT industries.
Boasting over 5 million transactions processed on the Kusama network, in addition to the innumerable updates, Robonomics has demonstrated its mettle in the Kusama Network. This significant transition to the Polkadot ecosystem comes about from the development of the ecosystem. In addition, the Robonomics success of its IoT device production and multi-apartment building projects in Cyprus makes Polkadot the ideal place to build.
It is worth noting that activity won’t stop on the Kusama Network. While Kusama will see users obtain free IoT subscriptions, Polkadot on the other hand will allow users to buy monthly pro-subscriptions for XRT.
Features and Benefits of the Integration
- Collator Flexibility and Rewards: Collators will have the independence to efficiently operate on either the Kusama or the Polkadot Network. Additionally, XRT rewards will be equally offered on both Parachains.
- Subscription Model: As earlier mentioned, the pro-subscription will be available once there is successful testing of the Kusama-Polkadot bridge. This will ascertain seamless transitioning between the two parachains. Also of note, the XRT treasury will be moved over to Polkadot
- Governance and Community Growth: The authenticated leaders will see to it that Robonomics operates swiftly on both networks. Also, the technical committee that oversaw the Parachain’s smooth operations over at Kusama will extend their expertise to Polkadot. Additionally, to grow its user base, free subscriptions will be available on Kusama following RWS token integration and the Kusama-Ethereum bridge.
Robonomic’s integration into the Polkadot ecosystem is a strategic move that will enable the project to expand its reach and capabilities. The launch marks the beginning of a multi-relay chain project with unified tokenomics, positioning Robonomics as a vital component of Polkadot’s architecture.
Polkadot Price Analysis
The crypto market continues to demonstrate strong resilience levels following its recent period of decline, but DOT hasn’t been reciprocating the efforts. At the time of writing, DOT is swapping hands at $6.26 marking a 0.62% and 1.58% decline in the last 24 hours and the past week consecutively.
The past week has seen Polkadot, unlike other altcoins, struggling to press forward. The cryptocurrency struggled to surpass the $6.50 resistance level throughout the period. DOT unlocked the week at $6.49 on Monday, where the token experienced a rather rough patch closing the week at $6.35.
