✅ Moonbeam Network is currently producing blocks on Polkadot, scheduled to launch in January 2022.

The Moonbeam smart contract platform has officially begun its launch process to become a fully operational parachain on Polkadot, which is now producing blocks on the network.

Moonbeam produces blocks on Polkadot. This initial phase, dubbed Phase 0, is the first in a multi-step process that will conclude when Moonbeam becomes fully operational on Polkadot, scheduled for January 2022.

The project started the launch process after successfully completing the crowdfunding campaign with more than 35 million DOT (equivalent to 1.4 billion USD) contributed by more than 200,000 supporters worldwide. It can be said that Moonbeam has the largest number of collaborators and has the highest total DOT raised of any project to date.

Moonbeam's three-stage launch is designed for the gradual rollout of functions to ensure the stability and security of the network and is expected to take three to four weeks to complete.

It is known that 15% of the total GLMR supply was initially allocated as a community reward, representing 150 million GLMR. These tokens will be awarded to contributors from the community based on the amount of DOT they have contributed in the crowdloan. Of that, 30% will be distributed immediately after the transfer is activated (January 2022), and the remaining 70% will be distributed in 96 weeks (term of the parachain lease).

Individuals who have participated in the Take Flight event through the Moonbeam Foundation can wait 40 days from the network's Full Launch (Phase 2), around February 2022.

< Source : CoinGape >