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Parachain Auctions on the [Kusama] and [Polkadot] networks are open auctions for projects to have a parachuteain. Polkadot and Kusama are at the forefront of blockchain technology with their concept of parachains. In order to gain a parachain, a project needs to pay a lease, but the leases have a time limit. This is so that everyone has a fighting chance, and the projects considered “stronger*” don’t hog the slot. Crowdloans come into the picture where crowdloans can appeal to their users through incentives to help them win a lease auction.