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Moonbeam’s Poca Ecological Smart Contract Platform Announces Results of Revised GLMR 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

Moonbeam’s Poca Ecological Smart Contract Platform Announces Results of Revised GLMR 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

Introduction

Moonbeam’s Poca Ecological Smart Contract Platform shared great news for the community on March 26, announcing the results of the first batch of ecosystem grant applications for the revised GLMR. The Community Appropriation Committee elaborated on the revised parts, highlighting that the on-chain vote is now ready. As a result, the community has the power to decide how to allocate the first batch of ecosystem grants.

What is the Poca Ecological Smart Contract Platform?

The Poca Ecological Smart Contract Platform is designed to enhance decentralized applications (DApps) within the Polkadot ecosystem. It’s an open-source platform that employs Substrate and SolID identity architecture, both of which offer cross-chain compatibility, enabling different blockchain applications to interoperate. Poca also utilizes cross-chain data synchronization and a modularized design, coupled with a flexible logic framework, allowing swift and efficient development of DApps.

Revised GLMR

The GLMR (Galacticans Lunar Mining Rewards) aims to revamp the Poca ecosystem’s incentive mechanism by creating value for its token holders. It will be used to reward developers, contributors, and advanced users for their dedication and commitment to developing DApps on Poca.

Results of the First Batch of Ecosystem Grant Applications

With the on-chain voting stage ready, the Appropriation Committee made some adjustments. A proposal that receives less than $250,000 GLMR value (based on the 7-day TWAP from the date of the adoption of the Revised Appropriation Plan) will not be included in the on-chain vote.
The Commission has sent out grants to the proposals that met the criteria based on the community and internal scoring system. The grant winners include the following:
– Morpheus Labs
– Poolz Finance
– Samantra Wallet
– DitCraft
– mToken Finance
– Reef Finance
It’s important to note that these are just the first set of applications, and the community can apply for grants year-round.

On-chain Vote

Once an applicant’s grant proposal meets the requirements and passes the scoring system, it will be eligible for on-chain voting. With this, the Poca community has an equal say in the allocation of grants. The Appropriation Committee has the power to approve the proposal, but the final decision rests with the Poca community.

Conclusion

Moonbeam’s Poca Ecological Smart Contract Platform’s revised GLMR will be a game-changer in allocating grant proposals to deserving developers, contributors, and advanced Poca users. With the on-chain voting system, the Poca community will have the power to allocate grants, fostering transparency and equal participation. As the ecosystem continues to grow and evolve, there will be more opportunities for developers and contributors to receive grants.

FAQs

**Q. How can I apply for a grant from the Poca Ecological Smart Contract Platform?**
A. Interested participants can apply through the official website of the Poca Ecological Smart Contract Platform. There are no specific deadlines for applying, as grants can be requested year-round.
**Q. How are grant recipients selected?**
A. The Poca Appropriation Committee assesses grant proposals based on the community and internal scoring system. They take into account the proposal’s relevance to the Poca ecosystem, the team’s expertise and background, and the project’s feasibility.
**Q. How will the revised GLMR benefit the Poca ecosystem?**
A. The GLMR rewards developers, contributors, and advanced users for their commitment to developing DApps on Poca, fostering innovation and growth within the ecosystem. The on-chain voting system also ensures transparency and decentralization in allocating grants.

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