Moonbeam updates distribution and payout for Crowdloan Polkadot

Moonbeam Foundation just announced more information about the crowdloan show on Polkadot on 11.11.

Main points of Moonbeam Crowdloan

Moonbeam is the leading Ethereum-compatible smart contract platform in the Polkadot ecosystem. Not only will the network allow protocols multi-chain access to the Polkadot ecosystem, but it will also provide the simplest and most extensive development environment on Polkadot. By making it easier for developers to work with Moonbeam, the network can very quickly attract new and existing applications and bring them into the Polkadot ecosystem.

In order to achieve broad participation in the Moonbeam network, the project will use crowdfunding to finance the auction price through the use of communal pallets integrated into the Polkadot Relay Chain.

According to the announcement, 100,000,000 GLMR (10% of the total offer) will be made available to reward crowdloan contributors. After Moonbeam Parachain has been successfully deployed on Polkadot, the rewards are distributed on the chain:

• 30% of the available bonus will be paid out immediately (after activation of EVM and transfer)
• The remaining 70% will be paid out in 96 weeks

The Moonbeam team plans to bid for all 8 rounds of 12 weeks each, including rounds 6 to 13 (equals 96 weeks). Donations can be made via the Moonbeam Crowdloan DApp, via participating exchanges or participating wallets.

Crowdloan donation methods

• Donate through Moonbeam Crowdloan-DApp.
• Donations via exchanges: Binance, Kucoin, Kraken, Huobi, OKEx …
• Donation via supported wallet: Polkadot.js …

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