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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