Moonbeam Community Grants Committee Announces Snapshot Voting Results of the First Batch of Ecosystem Grants

On March 26, Moonbeam, the Poca Ecological Smart Contract Platform, said on Twitter that the Community Appropriation Committee had announced the results of the first batch of ecosystem grant applications for the revised GLMR and explained the revised part. Now that the snapshot vote has been completed, the community has the opportunity to indicate how they want to allocate the first batch of ecosystem grants, and the on-chain vote is ready. The Appropriation Committee has made the following adjustments: Any proposal that receives a GLMR value of less than $250000 (based on the 7 day TWAP from the date of adoption of the Revised Appropriation Plan) will not be included in the on-chain vote.

Moonbeam Community Grants Committee Announces Snapshot Voting Results of the First Batch of Ecosystem Grants

– Introduction
– The Poca Ecological Smart Contract Platform and GLMR
– Results of the First Batch of Ecosystem Grant Applications
– Community’s Opportunity to Allocate Ecosystem Grants
– On-Chain Vote Readiness
– Appropriation Committee’s Adjustments
– Conclusion
– FAQs

Article:

On March 26, Moonbeam, the Poca Ecological Smart Contract Platform, announced on Twitter that the Community Appropriation Committee had revealed the results of the first batch of ecosystem grant applications for the revised GLMR (Governance, Liquidity, Mining, and Rewards) and explained the revised part.

The Poca Ecological Smart Contract Platform and GLMR

The Poca Ecological Smart Contract Platform is a kind of public chain ecological platform that supports smart contracts focused on nonfungible tokens (NFTs) and decentralized applications (DApps). It aims to build an ecology that is safe, stable, and open, allowing the fast circulation of digital assets worldwide.
GLMR is a comprehensive incentive mechanism on the Poca platform. It includes four key factors: governance, liquidity, mining, and rewards, providing an integrated incentive engine to motivate the whole ecosystem players to participate actively.

Results of the First Batch of Ecosystem Grant Applications

After the revision of the GLMR mechanism, the Community Appropriation Committee received numerous ecosystem grant applications. Following the thorough review of all applications, the Committee announced the results of the first batch. They found some innovative projects and excellent teams that could establish a perfect ecosystem and attract more participants from outside.

Community’s Opportunity to Allocate Ecosystem Grants

Now that the snapshot vote has been completed, the Poca community has the opportunity to indicate how they want to allocate the first batch of ecosystem grants. The Appropriation Committee has made the following adjustments: Any proposal that receives a GLMR value of less than $250000 (based on the 7 day TWAP from the date of adoption of the Revised Appropriation Plan) will not be included in the on-chain vote.

On-Chain Vote Readiness

The Poca platform is equipped with an on-chain voting system to allow token holders to participate in the ecosystem’s governance process. The Appropriation Committee has now completed the assessment and selection of the ecosystem grant applications. The on-chain vote mechanism is ready for the community to make their choices.

Appropriation Committee’s Adjustments

The Appropriation Committee has made the above-mentioned modifications that any proposal that receives a GLMR value of less than $250000 will not be included in the on-chain vote. This adjustment will ensure that the voting process has a tremendous amount of interest and maintain high quality.

Conclusion

Overall, the Poca Ecological Smart Contract Platform’s revised GLMR mechanism has been shown to be successful. The first batch of ecosystem grant applications will provide the groundwork for constructing a mature ecosystem. The community’s opportunity to choose how to distribute these funds allows for the network to be tailored to the community’s needs.

FAQs

1. What is the Poca Ecological Smart Contract Platform?
The Poca Ecological Smart Contract Platform is a public chain ecological platform that supports smart contracts focused on nonfungible tokens (NFTs) and decentralized applications (DApps).
2. What is GLMR?
GLMR is a comprehensive incentive mechanism on the Poca platform that includes governance, liquidity, mining, and rewards, providing an integrated incentive engine to motivate the whole ecosystem players.
3. What is on-chain voting?
On-chain voting is a mechanism used by the Poca platform to allow token holders to participate in the ecosystem’s governance process, allowing them to vote on ecosystem grant applications that are relevant to them.

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