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Moonbeam’s Poca Ecological Smart Contract Platform Announces First Batch of Ecosystem Grant Applications

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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 ecosy

Moonbeams Poca Ecological Smart Contract Platform Announces First Batch of Ecosystem Grant Applications

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

The Community Appropriation Committee of Moonbeam’s Poca Ecological Smart Contract Platform has revealed the results of the first batch of ecosystem grant applications for the revised GLMR. In a recent announcement on Twitter, they explained the revised parts and noted that the snapshot vote had been completed.
Now, 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.

Overview

Moonbeam is a Polkadot parachain that allows developers to build on Ethereum, and soon on other top-tier networks. The project facilitates application development using familiar Ethereum tools and infrastructure, which makes it easier for Ethereum developers to migrate to Moonbeam.
Poca is a smart contract platform that is powered by the Moonbeam network. It enables developers to deploy decentralized applications (DApps) and protocols that can be executed on various blockchains within the Polkadot ecosystem.
The Poca platform aims to provide an accessible and scalable infrastructure with more flexible smart contract functionality. It also aims to strengthen the interoperability between different chains in the Polkadot network.

Ecosystem Grant Applications

The Community Appropriation Committee is responsible for allocating funds to projects that contribute to the development of the Moonbeam ecosystem. In particular, it focuses on supporting DApps and protocols that are built on the Poca platform.
The first batch of ecosystem grant applications for the revised GLMR has recently been announced by the committee. The GLMR (Grants Lifecycle Milestone Review) is a standardized review process that aims to evaluate grant applications based on their feasibility, impact, and potential risks.
The Appropriation Committee has made it clear that proposals that receive a GLMR value below $250000 will not be included in the on-chain vote. This is to ensure that only projects with a high potential for success and impact are considered for further funding.

On-chain Vote

The on-chain vote is a crucial part of the Moonbeam ecosystem grant allocation process. It allows members of the community to have a say in which projects receive funding and how much. The Appropriation Committee has emphasized that the community’s feedback is essential to ensure that the grant allocation process is transparent, fair, and efficient.
The on-chain vote will take place after the community has indicated its preferences for the first batch of ecosystem grants. It will involve a review of the proposals that meet the $250000 threshold and an evaluation of their merits by the community members.

Conclusion

Moonbeam’s Poca Ecological Smart Contract Platform is dedicated to supporting innovative DApps and protocols that can enhance the Polkadot ecosystem’s capacity. The Community Appropriation Committee’s recent announcement shows that they are committed to ensuring that only the highest-quality projects receive funding.
The on-chain vote is an essential part of the grant allocation process, as it enables the community to have a direct say in how funds are distributed. With the community’s feedback and support, Moonbeam can continue to foster an ecosystem that promotes interoperability, scalability, and accessibility.

FAQs

1. How can I apply for an ecosystem grant on Poca?

You can apply for an ecosystem grant on Poca by submitting a proposal to the Community Appropriation Committee. The proposal must meet the GLMR standards, and the project must have a significant potential impact on the Poca ecosystem.

2. Can I vote for more than one proposal in the on-chain vote?

Yes, you can vote for multiple proposals in the on-chain vote. The number of votes you have will depend on the amount of GLMR value you hold.

3. When will the next batch of ecosystem grant applications be announced?

The Community Appropriation Committee will announce the next batch of ecosystem grant applications once the review process for the current batch is complete. Keep an eye on the official Poca communication channels for updates.

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