Community Trust ScoreLikely Real
Moonbeam Network Shared: Moonbeam’s launch to Polkadot is planned to be completed by January 11, 2022, after completing phase 2 of its launch process. During this phase, Sudo (superuser key) will be removed, and EVM & Scales transfers will be enabled.
For Clarity, Ethereum Virtual Machine (EVM) is a computation engine which acts like a decentralized computer that has millions of executable projects. Every Ethereum node runs on the EVM to maintain consensus across the blockchain. Ethereum facilitates something called smart contracts, a piece of code that is running on Ethereum.
During this phase, Sudo will be removed, which means that the control over the network will be handed to token holders.
Additionally, Balance transfers & EVM will be enabled. Balance transfers will allow users to stake & start claiming any rewards from the crowd loan. With transfers enabled, the chain will be governed by token holders using the on-chain governance system.
Important Note: – Crowdloan participants will receive their initial rewards once the network is fully launched. More details about rewards distribution will be announced soon. – Take Flight participants will receive their GLMR tokens 40 days AFTER full launch.
Community Response: I think what they are saying is crowd loan participants will get their’s last after the initial dump.
Their token distribution is very smart IMO. 1st crowd loan participants who got GLMR in Billion-dollar market cap, 2nd take flight event participants who got in only 25 million market cap and also receive GLMR after 40 days of phrase 3. So that crowd loan participants can dump.
And the fun fact is nobody is selling even with its billion-dollar market cap. Because they just don’t want their only capital back, but also want some profit. Then thereafter 40 days take flight event where participants dump. Because they are in huge profits.
And who knows where the price is, especially when 1st EVM compatible chain on Polkadot and web3 trending there. Very low selling pressure and huge buying pressure from the big exchange because every exchange is going to list GLMR.
To be honest, I’m not selling anyway. Viewed as a keeper.
Polkadot network to those who lock Polkadot for moonbeam how much to prepare.
Hell yeah! Can’t wait GLMR is going to rocket now that everyone has realized MATIC is crap.
I’m a Moonbeam supporter. I trust in moonbeam as well as other projects. I am also a holder of MATIC. I don’t believe it is trash. Let’s wait before shouting crap to projects. In this crypto world, everything would surprise us. Look at $ATOM making its ATH during a bearish market.
That’s why I locked all my dot to Moonbeam, you always deliver and respect the community, Congrats!
