With $1.4 Billion Commitment, Moonbeam Wins Polkadot’s Second Parachain Auction

According to the statement, almost everyone was putting in 170 DOT indicating how successfully the platform‘s worldwide family got engaged with the contributions. Donations were flowing in from all across the neighborhood. Moonbean Foundation’s dApp, for example, brought in a few.

Moonbeam Wins Polkadot’s Second Parachain Auction

As a foundation, the Moonbeam Foundation regards this as a significant moment in the lives of its members. The Polkadot ecosystem, on the other hand, seems to see this as a significant moment. The site also discovered that at the end of the second auction, nearly 95 million DOT was in crowd loans for parachain initiatives. As we awaited the release of Polkadot’s parachain and smart contract, this was an encouraging indication.

Moonbeam is grateful for the support it has received from its community. For the following two years, the alliance lobbied for a position as a Polkadot parachain. So, the Moonbeam Foundation has decided to increase the number of prizes it gives out.

An additional loan

An additional 50 million crown loan reward is to be added to the crown loan prize pool. Thus, the total reward money is 150 million GLMR. This equates to around 15% of the total genesis tokens. The payment incentive has been boosted by an additional 50% as well. 

To begin on Dec. 17 and last for 96 weeks, the platform’s parachain lease will be available and will be launched in three stages. Moonbeam’s short version launch will be replicated here.