• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home UK

Moonbeam Successfully Launches As A Polkadot Parachain

CB4U by CB4U
January 12, 2022
in UK
0
Moonbeam Successfully Launches As A Polkadot Parachain
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Moonbeam has officially become the first fully operational parachain on Polkadot, with community members that had contributed to the crowd loan effort now eligible to claim their Moonbeam token rewards and stake them on the network.

Moonbeam has a host of activities lined up over the next few weeks, with several projects set to go live, including Chainlink and The Graph.

A Phased Launch 

Moonbeam’s launch process was carried out over three weeks and was initiated on December 17th, after it had won Polkadot’s second parachain auction back in November. First, block production and decentralization were implemented, and once these were verified to be running without any glitches, the team initiated the final phase of the launch process. During this phase, the superuser key was removed, and EVM and balance transfers were activated, with the number of collators increased to 48.

With the activation of balance transfers, users will be able to start staking, claim crowd loan rewards, and participate in on-chain governance. Moonbeam is expected to bring a significant uptick in activity on Polkadot.

Contributors To Begin Claiming Tokens

Moonbeam community members who had contributed during the crowd loan back in November are now eligible to claim their Moonbeam governance token rewards. Contributors will only be able to claim 30% of their allocated GLMR tokens. In addition to this, they are also eligible to claim up to three weeks worth of vested emissions, which have accumulated since the beginning of the launch process. The remaining 70% of the tokens are currently vesting over the parachain lease period of 96 weeks.

The token holders can also delegate their tokens to a collator and become eligible for staking rewards. The staking rewards distribution is based on the number of tokens contributed, along with the amount bonded to the collator. With the launch, the GLMR token had also seen a significant jump in value, although the price had dropped to around $8 at the time of writing.

A Few Details About Moonbeam

An Ethereum-compatible smart contract platform, Moonbeam is built on Polkadot’s parachain slots and is secured by the main Polkadot chain. It will also enjoy interoperability with all subsequent parachains whenever they go live. Moonbeam’s compatibility with the Ethereum Virtual Machine enables developers to easily and seamlessly port applications from Ethereum without making any significant changes to the underlying code.

Because of the interoperability, key infrastructure from the Ethereum blockchain will also be launching on Moonbeam, including Chainlink oracles, The Graph, and other multichain bridges.

Moonbeam’s Companion Network

Before its launch on Polkadot, Moonbeam had launched its companion network, Moonriver, on Kusama, which is Polkadot’s canary network. Moonriver is also an Ethereum Virtual Machine compatible network and currently hosts 30 applications, including the likes of decentralized exchange Sushi and yield optimizer Beefy Finance.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Advertisement Banner
Previous Post

Bitcoin shoots to $44,000 as US inflation hits 7.8% in December

Next Post

Bitcoin in Dormancy Flow ‘Buy Zone’ For Sixth Time in its History

CB4U

CB4U

Next Post
Bitcoin in Dormancy Flow ‘Buy Zone’ For Sixth Time in its History

Bitcoin in Dormancy Flow 'Buy Zone' For Sixth Time in its History

Discussion about this post

RECOMMENDED

Metacade Presale Hits Final Stage Before Listings, Raising Over $500k in under 24 hours

Metacade Presale Hits Final Stage Before Listings, Raising Over $500k in under 24 hours

2 months ago
Porn Star Exits NFT Project With $1.5 Million Of Investor Funds

Porn Star Exits NFT Project With $1.5 Million Of Investor Funds

1 year ago

DON'T MISS

Atomic Wallet Calls Caution as it Investigates Ongoing Compromise

Atomic Wallet Calls Caution as it Investigates Ongoing Compromise

June 4, 2023
GET YOUR CRYPTO OFF THIS EXCHANGE!

GET YOUR CRYPTO OFF THIS EXCHANGE!

June 4, 2023
Watch THIS level for Cardano

Massive 3.13 Billion ADA Moved Amid Stellar Performance…ADA Price up?

June 4, 2023
Bitcoin network hash rate hit a record high in May

Bitcoin network hash rate hit a record high in May

June 4, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

Atomic Wallet Calls Caution as it Investigates Ongoing Compromise

Atomic Wallet Calls Caution as it Investigates Ongoing Compromise

June 4, 2023
GET YOUR CRYPTO OFF THIS EXCHANGE!

GET YOUR CRYPTO OFF THIS EXCHANGE!

June 4, 2023
Watch THIS level for Cardano

Massive 3.13 Billion ADA Moved Amid Stellar Performance…ADA Price up?

June 4, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H