Glimmer(GLMR) begins its 3-phase launch process on Polkadot

Subject

Moonbeam's 3-phase launch process

Details

On December 17th, 2021, Moonbeam announced that it has officially begun its 3-phase launch process to become a fully operational parachain on Polkadot. After Polkadot announced Moonbeam as one of its first five parachains, Moonbeam began producing blocks on the network. The initial stage of the launch process began on the day of the announcement, and the Moonbeam network is now currently in Phase 0, centralized mode. In this phase, Moonbeam end users will be provided with limited functionality. The block production will shift to a decentralized set of collators in Phase 1. Finally, the final phase, Phase 2, will allow the Moonbeam Network to have full functionality for developers and users, as Moonbeam officially becomes a fully operational parachain on Polkadot. The current 3-phase launch process includes the following features:

Phase 0 (Centralized): December 17, 2021

• Minimal requirement for centralized block production
• 4 collators managed by the Moonbeam Foundation and 4 collators managed by PureStake
• Staking only controlled by the Moonbeam Foundation
• Transfers and EVM disabled
• Block production eligibility set to 20% (2 collators per block)
• Governance is enabled but limited to the Moonbeam Foundation

Phase 1 (Decentralization): December 21, 2021

• Expanding active collator set by 24 external collators (total of 32) for decentralization
• Collators staking done by the Foundation
• Authorship eligibility set to 1% (1 collator per block)

Phase 2 (Full Launch): Mid-January, 2022

• Increase active collator set by 16 for a total of 48 collators.
• Sudo access is removed
• Balance transfers and EVM are enabled
• Initialization of the crowdloan rewards

Moonbeam was able to receive over 35M DOT (approximately 1.4 billion USD as of the crowdloan completion on November 24, 2021) due to a crowdloan campaign hosted by the Moonbeam Foundation. Once the network completes Phase 2 and is fully launched, crowloan contributors will receive 30% of their rewards. Over 96 weeks, 70% of the remaining rewards will be distributed on a block-by-block basis.

Applicable Date(s)

2021-12-17