Moonbeam’s Poca Ecological Smart Contract Platform Announces Results of Ecosystem Grants

On March 26, Moonbeam, the Poca Ecological Smart Contract Platform, said on Twitter that the Community Appropriation Committee had announced the results of the first batch of ecosystem grant applications for the revised GLMR and explained the revised part. Now that the snapshot vote has been completed, the community has the opportunity to indicate how they want to allocate the first batch of ecosystem grants, and the on-chain vote is ready. The Appropriation Committee has made the following adjustments: Any proposal that receives a GLMR value of less than $250000 (based on the 7 day TWAP from the date of adoption of the Revised Appropriation Plan) will not be included in the on-chain vote.

Moonbeam Community Grants Committee Announces Snapshot Voting Results of the First Batch of Ecosystem Grants

Moonbeam’s Poca Ecological Smart Contract Platform has announced the results of the first batch of ecosystem grant applications for the revised GLMR. This marks an important step for the Moonbeam platform as they strive to enhance their ecosystem grants and support their community through these exciting updates. This article will detail the recent announcement about the ecosystem grants and explain the revised plans for these grants.

Overview of Moonbeam’s Ecosystem Grants

Moonbeam’s Poca Ecological Smart Contract Platform is focused on building a community of developers and innovators. One major aspect of their platform is their ecosystem grants. These grants are intended to support the Moonbeam community by funding projects that improve the Moonbeam ecosystem. This includes projects that enhance the platform’s infrastructure, create new dApps, and facilitate the creation of new smart contracts.

The Announcement

On March 26, Moonbeam’s Poca Ecological Smart Contract Platform announced on Twitter that the Community Appropriation Committee had released the results of the first batch of ecosystem grant applications for the revised GLMR. This announcement marks the completion of the snapshot vote, and now the community has the opportunity to allocate the first batch of ecosystem grants by using the on-chain vote.

Revised GLMR

Moonbeam’s Appropriation Committee has made significant adjustments to the ecosystem grant process. The biggest change is that any proposal that receives a GLMR value of less than $250,000 (based on the 7 day TWAP from the date of adoption of the Revised Appropriation Plan) will not be included in the on-chain vote. This is a significant change because it means that only projects that have significant support and merit will move forward to the on-chain vote. This ensures that projects that receive funding will have a significant impact on the Moonbeam platform.

On-Chain Voting

Moonbeam’s Poca Ecological Smart Contract Platform has implemented on-chain voting for allocating ecosystem grants. This process allows community members to vote for the projects they believe should receive funding. The Appropriation Committee will consider the community’s votes during the decision-making process.

Conclusion

The announcement about the first batch of ecosystem grant applications for Moonbeam’s Poca Ecological Smart Contract Platform marks a significant milestone for the Moonbeam community. The revised GLMR ensures that only the best projects move forward to the on-chain vote, which will ultimately lead to a more impactful ecosystem. The on-chain voting process will also allow for greater community involvement in the decision-making process.

FAQs

1. How can I apply for a Moonbeam ecosystem grant?

To apply for a Moonbeam ecosystem grant, you’ll need to complete an application form detailing your project and why it deserves funding. You can find more information on the Moonbeam website.

2. What kind of projects can receive Moonbeam ecosystem grants?

Moonbeam’s ecosystem grants are intended to support projects that improve the Moonbeam ecosystem. This includes projects that enhance the platform’s infrastructure, create new dApps, and facilitate the creation of new smart contracts.

3. How is the on-chain vote conducted?

The on-chain vote is conducted through Moonbeam’s blockchain platform. Community members can use their tokens to vote for the projects they believe should receive funding. The Appropriation Committee will consider the community’s votes during the decision-making process.