Hey, has the allocation per dot been decided for crowdloans?

Question

Moonbeam & Moonriver Official

Dizzy Daystop

Hey, has the allocation per dot been decided for crowdloans?

#blockchain #cryptocurrency #english #moonbeam

0

26.10.2021

8 ответов

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Cyborg

Why not set hard cap of 20million to 30million.Its reasonable don’t you agree ?!

0

26.10.2021

Dizzy Daystop Автор вопроса

So if we contribute via polkadot.js wallet, what wallet would we use to receive the GLMR tokens if the auction is won? If its on an Eth wallet address, hope if wont be in a wallet that requires moving tokens on ERC-20 network cuz that has high fees

0

26.10.2021

Olivia |Moonbeam (will never dm)

Cyborg
Why not set hard cap of 20million to 30million.Its...

I think there are a lot of arguments for a hard cap and we considered. We do not know what these auctions will go for (no one does) and we are one of the first teams to actually release their total rewards buckets. We want to win a first slot (we owe that to our community) and so we did not want to sabotage ourselves out of winning a first slot by setting a cap. having said that we understand this creates more uncertainty about individual rewards going into the auction - but that was the same with Moonriver

0

26.10.2021

Olivia |Moonbeam (will never dm)

Dizzy Daystop
So if we contribute via polkadot.js wallet, what w...

you provide an ETH style address (to which you have the private keys) when you contribute through the Dapp

0

26.10.2021

Dizzy Daystop Автор вопроса

Olivia |Moonbeam (will never dm)
you provide an ETH style address (to which you hav...

I really dont know what Eth style address means…. So if we use metamask, would Moon Beam have its own network by then? Kinda like how Moon River has its own movr network that has cheap fees. So we provide that address and we deal on moon beam’s own network? Cuz i’m tryna avoid anything that involves me dealing with ERC-20….. if i have to crowdloan via an exchange to avoid Erc-20 fees, I would 🤔

0

26.10.2021

Cyborg

Moon river story was different because that crowdloan was really something new to people and crypto in general.Now its deferent game you have hype which is good and bad.Good for the project and bad way too many people to contribute and dilute the rewards because no or unreachable cap.

0

26.10.2021

Olivia |Moonbeam (will never dm)

Cyborg
Moon river story was different because that crowdl...

ya we understand that. appreciate your comments 😊

0

26.10.2021

Olivia |Moonbeam (will never dm) · Accepted Answer

Olivia |Moonbeam (will never dm)

not there is no set ratio, crowdloan rewards are paid as a % of your contribution to the pool (Your DOT Contribution/Total DOT Contributions) * 100 Million GLMR

0

26.10.2021

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Hey, has the allocation per dot been decided for crowdloans?

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