Moonbeam (GLMR) Delegation Pioneers Getting NFT Rewards: Details


Grab your unique “I Delegated” NFTs before anybody else using Moonbeam (GLMR), a Polkadot (DOT) smart contract ecosystem. Yesterday, September 22, 2023, was the final day for the first round of delegators.

First GLMR delegators get “I Delegated” NFTs: Details

The fundamental native governance asset of Moonbeam’s smart contracts platform, GLMR, is giving out commemorative “I Delegated” non-fungible tokens (NFTs) to its first generation of delegators. In order to celebrate the most dedicated members of the community and consumers, the Moonbeam (GLMR) team is conducting an airdrop.

The unique NFT airdrop is open to any GLMR token owners who assigned them to a specific delegator before September 22. This programme is intended to serve as a motivator for the next delegation rounds.

As of the time of publication, 135 entities were serving as delegates, according to information from Moonbeam’s official delegation page. The biggest one distributed around 210,000 GLMR tokens and now controls 1.8% of the voting weight.

In July and August of 2023, the majority of delegators entered the ecosystem. Numerous entities are represented in the most powerful communities of delegates, according to statistics.

As previously reported by U.Today, the Moonbeam Network (GLMR) enabled the biggest Ethereum DEX Uniswap (UNI) to settle on the Polkadot (DOT) ecosystem in May 2023.

Moonbeam’s GLMR price dropped by almost 13% since delegation announcements

The goal of the Moonbeam Network, which was chosen as the winner of the inaugural Polkadot (DOT) parachain auction, is to enable EVM-based dApps to begin using the WASM-based Polkadot (DOT) platform.

On September 5, 2023, it launched the delegation process and invited all GLMR lovers to assist the activists with their tokens as it moved towards the highest level of decentralisation.

The GLMR price did not respond favourably to this move: It dropped about 13% and hit a regional low of $0.162. As a result, trading in GLMR is down 98.9% from its record high.

According to CoinMarketCap statistics, its “sister chain” Moonriver has had a 99.2% decline in its MOVR asset.


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