Moonbeam Launches $1.35M GLMR Ecosystem Incentive Program
CryptoNewsTerminal Staff03 Jun, 2024
Moonbeam Launches $1.35M GLMR Ecosystem Incentive Program
Moonbeam, a Polkadot-based Ethereum-compatible smart contract parachain, announced the launch of a 4.5 million GLMR ($1.35 million) ecosystem incentive program on its official website. The program aims to foster the growth and adoption of the Moonbeam ecosystem by providing financial incentives to projects building on the platform. Projects participating in this ecosystem incentive include StellaSwap, Moonwell, Prime Protocol, Beamswap, and others. These projects will be assessed based on various metrics including Total Value Locked (TVL), total trading volume, transaction fees, and more. The top-performing projects will be eligible for rewards in the form of GLMR tokens. The launch of this incentive program is a significant step in Moonbeam's mission to become a leading destination for Ethereum developers and users. By providing financial support to projects building on Moonbeam, the platform aims to accelerate the growth of its ecosystem and attract new users. Interested projects are encouraged to apply for the program through the Moonbeam website. The application deadline is March 31, 2023.
