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Moonbeam Crowdloan Rewards Initial Distribution

Jan 11, 2022

2 min read

The Moonbeam Foundation is delighted to announce that a series of motions have passed governance for the initial distribution of crowdloan rewards to those who contributed.

30% of Crowdloan Rewards Pool Available Immediately

This initial distribution includes the 30% of GLMR rewards (45M of the 150M rewards pool) due to contributors immediately. These funds have already been distributed to the GLMR addresses provided during the crowdloan contribution process. There is nothing you need to do to receive the funds, but you may need to ensure your wallet is configured to the Moonbeam network in order to see that balance. You can also confirm receipt of these tokens via Subscan. How to connect MetaMask to Moonbeam.

The completion of Moonbeam’s launch process to Polkadot follows an incredibly successful crowdloan campaign hosted by the Moonbeam Foundation, which received over 35M DOT contributed by over 200,000 supporters around the world. Moonbeam’s crowdloan had the largest number of contributors and the highest amount of DOT received by any parachain.

Vested GLMR Rewards Available to Claim

The remaining 70% (105M of the 150M rewards pool) is vesting linearly over the 96 week lease period. Since the lease period began on December 17, 2021, there are already more than three weeks of vested GLMR tokens that contributors can choose to claim. This works out to an additional ~2.6% of the pool, or 3.9M+ GLMR.

As a reminder, contributors must initiate a payout of these vested tokens. This can be done at any time, and tokens vest on a block-by-block basis. Each payout will have a transaction fee, so the frequency of payouts is left up to your discretion.

To help ease the rewards claim process, there is an application to help claim rewards. You can find a tutorial showing how to do this here.

Take Flight Token Event

GLMR rewards for Take Flight participants will be distributed 40 days following today’s launch on February 20, 2022. The GLMR tokens will be sent to the receiving address listed in the Token Purchase Agreement