The good contract community on Polkadot, Moonbeam Network, has simply introduced an upcoming ICO – Moonbeam Take Flight. This is a Glimmer Token Sale (GLMR) occasion solely for the Moonbeam community. Find out extra about mica (GLMR) and necessary details about this coin challenge.

What is mica (GLMR)?

Mica (GLMR) is the Moonbeam Network utility token. Accordingly, GLMR is used to pay for the execution of good contracts that behave like ETH on Ethereum. In addition, all transaction charges are paid in GLMR, holders may also use this token to take part in voting and on-chain governance.

Moonbeam Take Flight is a token sale occasion that’s “grateful” to members of the Moonbeam community by promoting GLMR at an inexpensive price and opening up a very honest alternative for everybody.

Moonbeam Take Flight highlights

• Number of tokens assigned to the occasion: 80,000,000 GLMR (8% of the supply)
• Start day: September 7, 2021, 10:00 p.m. (Synthetic Team time)
• Duration: Lasts 3 phases
• Token blocking interval: 40 days from the GLMR community begin (stability switch and EVM on), no blocking interval
• Price: Will be introduced later (costs are the identical in all 3 phases)
• Accept fee through: USDT, USDC, ETH, BTC
• Conditions of participation: Users should meet Moonbeam Network necessities; residents of the United States, Canada, and China and another international locations should not allowed to take part (see extra data here)
• Participating location: Take Flight sends the hyperlink to the members in the whitelist

As talked about earlier, the Take Flight occasion can have 3 phases:

• State 1: Community Early Access – For early adopters and contributors to the community.
• Phase 2: Community General – For members on Discord and Telegram channels earlier than August thirteenth at 12:00 (UTC) on the Moonbeam Network.
• Level 3: Future community data might be up to date primarily based on community wants and might be introduced shortly earlier than the occasion’s begin date.

To make this occasion as honest as doable, the Moonbeam Foundation has added the following data:

• No whales: There is a most contribution threshold to forestall giant funds from pouring in and to purchase tokens in bulk.
• Low minimal: The minimal payment is kind of low, in order that many community members with totally different abilities can participate in the occasion.
• The phases happen one after the different, don’t overlap: The three phases are separated to be certain that as many community members as doable have a good likelihood to take part.

Users can refer to the necessities here to see if you’re eligible to attend the occasion.

More data might be added …

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