Hello Moonbeam Community.
20 Jul 2023, 17:56
Hello Moonbeam Community!
This is an important update to share related to the Snapshot vote for Tranche 2 of the ecosystem grants.
If you haven't already read our forum post from yesterday, please check it out here -
https://forum.moonbeam.foundation/t/ecosystem-grants-program-snapshot-update/1101
To summarize, technical issues were encountered with the Snapshot vote. Those issues have been resolved now, and the relaunch of the Snapshot vote is scheduled for tomorrow - July 21, 2023 at 15:00 UTC.
Given the timing of the vote relaunch is just before the weekend, the vote duration has been extended to 7 days. This adjustment will ensure everyone gets a chance to cast their vote. The vote will therefore close on July 28, 2023 at 15:00 UTC.
Rest assured, all the same participants and rules for the snapshot vote will apply as before.
We want to take a moment to thank each one of you for your vigilance in helping us spot the issue, and for your patience as we worked through the technical challenges. Your active participation and understanding continue to drive our community forward!
As always, we're here if you have any questions or concerns. Let's keep the conversation going!
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Same news in other sources
121 Jul 2023, 15:16
Hello Moonbeam Community!
We’re excited to share that the Snapshot vote for our Ecosystem Grants Program, Tranche 2, is now live! The vote begins at 15:00 UTC on July 21, 2023 and will run until 15:00 UTC on July 28, 2023.
🗳️ Consider each proposal & vote here:
Here’s a quick rundown of the rules:
🔹Teams must secure at least 250K USD/1,032,204 GLMR (250K at a 0.2422$ 7-day TWAP) of the vote to qualify. This represents 22.93% of the vote.
🔹Teams securing less than the required amount will not be eligible, and their funds will be redirected to the grant committee.
🔹If more than 1.75M GLMR is left over, the vote will be considered “hung” and deemed invalid.
🔹No team can receive more than 2,000,000 GLMR, amounting to 44.44% of the total vote.
🔹Any surplus over 2M GLMR will be redistributed among the remaining eligible teams, i.e., those who have received 22.93% or more of the vote.
Remember, GLMR holders can cast votes with both free and staked GLMR. The amount you can vote with is what you had in your wallet at the time the snapshot vote was created.
We highly encourage everyone to read the various proposals and participate in this important process. Your vote truly matters in shaping our ecosystem!
As always, we’re here if you have any questions or concerns. Let’s continue shaping the future of Moonbeam together!
Hello Moonbeam Community.
Hello Moonbeam Community!
We’re excited to share that the Snapshot vote for our Ecosystem Grants Program, Tranche 2, is now live! The vote begins at 15:00 UTC on July 21, 2023 and will run until 15:00 UTC on July 28, 2023.
🗳️ Consider each proposal & vote here: https://snapshot.org/#/moonbeam-foundation.eth/proposal/0x037741b66815dcd1fc8076e258f157fafbd6d65dbeca851a823987c25026b812
Here’s a quick rundown of the rules:
🔹Teams must secure at least 250K USD/1,032,204 GLMR (250K at a 0.2422$ 7-day TWAP) of the vote to qualify. This represents 22.93% of the vote.
🔹Teams securing less than the required amount will not be eligible, and their funds will be redirected to the grant committee.
🔹If more than 1.75M GLMR is left over, the vote will be considered “hung” and deemed invalid.
🔹No team can receive more than 2,000,000 GLMR, amounting to 44.44% of the total vote.
🔹Any surplus over 2M GLMR will be redistributed among the remaining eligible teams, i.e., those who have received 22.93% or more of the vote.
Remember, GLMR holders can cast votes with both free and staked GLMR. The amount you can vote with is what you had in your wallet at the time the snapshot vote was created.
We highly encourage everyone to read the various proposals and participate in this important process. Your vote truly matters in shaping our ecosystem!
As always, we’re here if you have any questions or concerns. Let’s continue shaping the future of Moonbeam together!