Glimmer distribution, makes me a bit worried about the tokenomics?
Agreed.
There’s no individual cap, but there will be a hard cap for the crowdloan
10% of glmr will be for crowdload what about the other 90% ?
I own the other 90%.
Worried about centralized supply myself
https://moonbeam.foundation/glimmer-token/
Ahhhaaa! just picked it up wrong, thank god !!
in the document released yesterday it doesnt say that
because the foundation doesnt want a cap - so in order to virtually place no cap they have to put an arbitrarily high cap number on chain since every team is obliged to submit a cap to the crowdloan.
Ok, but if it gets so oversubscribed, won’t it cause upset among the community. Say we get .5 glmr per dot. Is there a way to prevent this?
People will get so angry when they receive their rewards, im already seeing this...
Why do you mention that?
think about the alternative though - if there is a cap there is no way to guarantee a whale wont swoop in and take the entire allocation themselves once the crowdloan opens.
no if say the bull run some how goes 12 more months then we mite get more of our glmr in bull run not the bear
Because I am replying to someone who asked if people will get angry...
they could prevent this with putting a cap for individual contribution.
people could anyway contribute from different accounts.. unless you do a hard kyc there is no real way capping individual contributions.
Whats the block by block linear idk whats it called mean? Does it mean like randomly ppl will get their glmr and dot back during the 96 week period as for 96 weeks is the last person to recieve his coins?
Way too easy to just create multiple wallets, they would have to kyc everyone.
Aha thanks alot , and what about our locked dot though , when will it be released
yeah, i know that its easy, but if you put the limit on 1000, or something, good luck to those whales, creating 100s of wallets.
yeah, it's not hard to do
What will be the hardcap?
I don’t known it yet to be fair. The Moonbeam Foundation will announce it probably this week
When glimmer tge
If we get a slot, Moonbeam network is likely to launch on January
30% of rewards will be released at the right
30M yokels right? Plus the 10M from Take Flight
What is mean by take flight, I am hearing it first time
moonbeam.foundation/take-flight
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