How does Moonbeam/Moonriver pay for parachain auctions long-term? I'm not

Question

How does Moonbeam/Moonriver pay for parachain auctions long-term? I'm not

talking about just this coming parachain auction (which can be covered by an allocation of tokens), but also in the future with each succeeding parachain slot expirations (all the tokens would eventually be allocated). There must be a way to get the dApps on Moonriver to "chip in" on the expenses of regularly bidding for a parachain slot, or derive sustainable revenue somehow for this purpose (can't always rely on giving away tokens to reward participants who support the crowdloan)—what mechanism is there for that?

#blockchain #cryptocurrency #english #moonbeam

0

18.11.2021

6 ответов

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Derek Yoo (never DM for $)

There is a parachain bond reserve in genesis which is funding this crowdloan, but will have left over supply which will go towards future parachain auctions. the way everyone chips in is that 30% of new issuance (5% targeted annual inflation rate) goes into this parachain bond reserve. the idea is for the chain to ultimately accumulate enough relay chain asset to be able to self fund an auction and slot in perpetuity. that won't happen right away. there will a shift where reliance on crowdloans will decrease and chain self funding will increase until a self funded state is achieved.

0

18.11.2021

Olu Babs Babs

Derek Yoo (never DM for $)
There is a parachain bond reserve in genesis which...

Hi Will GLMR have staking feature similar to MOVR?

0

18.11.2021

Derek Yoo (never DM for $)

Yes, staking will work the same way on moonbeam as it does on moonriver.

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18.11.2021

💥 Boomm / Never DM you first