Moonbeam Wins the Second Polkadot Parachain Auction.

Moonbeam won the auction for the second parachain slot on Polkadot. Supporters locked up 35.7 million DOT worth about $1.43 billion.

Moonbeam outstripped Acala in terms of locked funds, which a week ago won the first slot.

Moonbeam drew support from more than 200,000 DOT holders. In gratitude, the developers increased the crowdloan reward pool by 50% — to 150 million GLMR tokens. This represents 15% of the network’s total native token supply.

1/🚀 Moonbeam wins the second @Polkadot parachain auction with over 35M DOT contributed from 200k+ contributors worldwide!🌐

In gratitude for your incredible support, the Moonbeam Foundation has increased the crowdloan reward pool by 50% to 150M GLMR!🎉​ https://t.co/s1HST1Mjjl

— Moonbeam Network (@MoonbeamNetwork) November 25, 2021

Three-phase deployment starts on December 17. The full network launch is planned for January 2022.

6/ ✨​ What’s next?
Moonbeam’s 3-phase launch process to Polkadot will start on December 17. The Network is estimated to be fully launched in Jan 2022.

Here’s more information about the launch phases 👇​https://t.co/qmerLzoI5i

— Moonbeam Network (@MoonbeamNetwork) November 25, 2021

To simplify calculating rewards, the project team presented a dedicated calculator.

Earlier in the run-up to Polkadot auctions, the cryptocurrency exchange Binance ran a week-long promotion, during which distributed $30 million among participants.

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