<span style="font-weight: 400">During Polkadot's second parachain auction, the Moonbeam chain has emerged victorious. After losing the original sale, the Ethereum-compatible smart contract software achieved its purpose. The network was declared a winner by the corporation with 35 million<a href="https://www.cryptoknowmics.com/news/dot-technical-analysis-currently-in-a-downward-phase-the-month-saw-an-ath-of-55/"> DOT</a> and more than 200,000 contributors. It was worth 1.4 billion dollars to Moonbeam's cause.</span>

<span style="font-weight: 400">According to the statement, almost everyone was putting in 170 DOT indicating how successfully the<a href="https://www.cryptoknowmics.com/news/wanchain-launches-first-crosschain-bridge-with-link-polkadot-brings-evm-smart-contracts-to-dot/"> platform</a>'s worldwide family got engaged with the contributions. Donations were flowing in from all across the neighborhood. Moonbean Foundation's dApp, for example, brought in a few.</span>
<h2><span style="font-weight: 400">Moonbeam Wins Polkadot's Second Parachain Auction</span></h2>
<span style="font-weight: 400">As a foundation, the Moonbeam Foundation regards this as a significant<a href="https://newsletterest.com/message/80082/Moonbeam-wins-Polkadots-second-parachain-auction-with-14-billion-pledged"> moment</a> in the lives of its members. The Polkadot ecosystem, on the other hand, seems to see this as a significant moment. The site also discovered that at the end of the second auction, nearly 95 million DOT was in crowd loans for parachain initiatives. As we awaited the release of Polkadot's parachain and smart contract, this was an encouraging indication.</span>

<span style="font-weight: 400">Moonbeam is grateful for the support it has received from its community. For the following two years, the alliance lobbied for a position as a Polkadot parachain. So, the Moonbeam Foundation has decided to increase the number of prizes it gives out.</span>
<h2><span style="font-weight: 400">An additional loan</span></h2>
<span style="font-weight: 400">An additional 50 million crown loan reward is to be added to the crown loan prize pool. Thus, the total reward money is 150 million GLMR. This equates to around 15% of the total genesis tokens. The payment incentive has been boosted by an additional 50% as well. </span>

<span style="font-weight: 400">To begin on Dec. 17 and last for 96 weeks, the platform's parachain lease will be available and will be launched in three stages. Moonbeam's short version launch will be replicated here.</span>

With $1.4 Billion Commitment, Moonbeam Wins Polkadot's Second Parachain Auction

During Polkadot's second parachain auction, the Moonbeam chain emerged victorious. After losing the original sale, the Ethereum-compatible smart contract software achieved its purpose.

Gitumani is a blockchain enthusiast as she keeps a tab on the recent happenings pertaining to the crypto industry. She aims to provide quality content in blockchain and crypto domain. She is a financial content writer too and has worked on several financial projects related to the stock market news, fundamental research, and technical analysis for several websites.

With $1.4 Billion Commitment, Moonbeam Wins Polkadot's Second Parachain Auction

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