Moonbeam, the Ethereum-compatible smart contract platform on the Polkadot network, has unveiled its first community token event, Take Flight. As part of Take Flight, which commences September 7th at 3:00 pm UTC, Moonbeam community members will receive Glimmer (GLMR) tokens in appreciation for their contributions and support as the Moonbeam team surpasses significant milestones on their roadmap.
Per the official release, the Moonbeam team will allocate 80,000,000 GLMR, roughly 8% of the initial, redenominated supply. The event will consist of three sequential phases, the first of which has a guaranteed allocation. Additionally, the first two rounds will only be open to Moonbeam community members, whereas the third round will be open to outside participation.
Inaugural event acknowledges community’s valuable role
Designed to reward its valued stakeholders, Take Flight is exclusively for the community, consisting of three consecutive rounds over several days: Community Early Access, Community General, and Future Community. In addition to the Take Flight event, the Moonbeam Foundation will also run liquidity incentive programs on Moonriver and Moonbeam to reward Moonbeam crowdloan contributors.
To participate in all three rounds, interested members must apply to get whitelisted for this mega event. For instance, as of August 13, 2021, members of the official Moonbeam Telegram group will be able to add their email to the Take Flight whitelist. After this date, members who joined the Moonbeam Telegram will still be eligible for the whitelist but cannot participate in the event until Round Three.
Moonbeam supports several interoperable use cases, including full EVM implementation, Web3-compatible API, and several bridges connecting to Ethereum networks. It has recently won the second round of Kusama parachain slot auctions for its sister network, Moonriver.
The team has since begun rolling out Moonriver via a five-phase launch process. The Moonriver crowdloan raised upwards of 200,000 KSM from more than 6,000 contributors, and the ‘Take Flight’ event represents a thank you to the community members for their ongoing trust and support.
Engagement and governance converge
Besides the hype and engagement stoked by this new event, the Moonbeam community will gain the opportunity to actively participate in the future of the network through on-chain governance.
The Moonbeam team will accept BTC, USDT, USDC, and ETH tokens for this event. During the three sequential phases of the event, there will be a 40-day lockup period, starting from the day of the GLMR network launch. All registered and verified community members can participate, except for residents and citizens from the US, Canada, China, Cuba, Syria, Iran, Sudan, Ukraine, and the Democratic People’s Republic of Korea.
With the Moonriver launch now entering its final phase, the Moonbeam team is taking a similar systematic approach towards its first community token event in a manner that aligns with the roadmap outlined for the remainder of this year. Most details about the event are still being finalized. Accordingly, the team has clarified that updates on the event’s timing, prices, minimum and maximum contribution limits, and other pertinent details will be featured on the official website.
According to the Moonbeam team, “We have designed the Moonbeam Take Flight event with fairness to our community in mind. Our goal for this event is not to maximize proceeds. Our goal is to reward and thank our community for its loyalty and support throughout the development and launch process while still being able to sustain network operations and support the upcoming Moonbeam launch on Polkadot.”
Interested members and aspiring users wishing to participate in this event and receive updates can subscribe to Moonbeam’s email updates or join the Moonbeam Network Telegram, Discord, and Twitter channels.
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