Permissionless asset creation is now available on Statemine

Motion 331 to upgrade Statemine & enable permissionless asset creation has been passed by Kusama community and was deployed.

People now can create and mint assets on Statemine - The first common-good #parachain on Kusama by depositing 1 $KSM as collateral.

1/ To teleport KSM from Kusama relay chain to Statemine parachain, in the Kusama app, you can go to Accounts menu then click on Teleport. Do the opposite way to teleport $KSM from Statemine to Kusama relay chain.

2/ To create assets on Statemine, in the app, you can go to Assets on the Network menu and click Create.

3/ Consuming fees on Statemine will be 1/10 of fees on the Kusama relay chain.

4/ $RMRK - A governance, staking, and collateral token of RmrkApp will launch on the Statemint chain. It will be fairdropped to all Kanaria egg holders. Learn more at: https://app.subsocial.network/@rmrkapp/rmrk-token-utility-and-other-fa-qs-18366

5/ Learn more about this Statemine upgrade at: https://twitter.com/kusamanetwork/status/1419941525971144706?s=20

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Martin .BPost author

PolkaWarriors - A non-profit & unofficial worldwide community of $DOT hodlers., we aims to promote and educating the community with our knowledge and skills

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PolkaWarriors - A non-profit & unofficial worldwide community of $DOT hodlers., we aims to promote and educating the... Show More