- 90.7 million DOT have been staked or locked in crowdloans, ahead of the end of the second parachain auction.
- Moonbeam, a scalable smart contract platform is leading the second parachain slot auction that ends soon.
- Analysts are bullish on Polkadot price, predicting a trend reversal.
Moonbeam is leading the second parachain slot auction. More DOT are being staked or pulled out of circulation for a crowdloan, accounting for nearly 8% of the token issuance.
Polkadot’s second parachain auction is drawing to a close
Acala Network, considered as Polkadot’s DeFi hub, won the first parachain slot auction. Moonbeam, a smart contract platform, is leading the way in the second round. The winner of the second parachain slot is expected to be announced soon.
Interestingly, the smart contract platform announced the close of the Moonbeam crowdloan. The Moonbeam foundation is no longer accepting DOT tokens in crowdloans and wants to preserve the rewards of the 190,000 holders who contributed to their launch on Polkadot’s parachain.
As of November 22, roughly 90.7 million DOT tokens were staked or locked in a crowdloan, reducing the percentage of supply in circulation. Historically, a supply shortage has tended to drive prices higher, which may benefit Polakadot in the long run.
The Moonbeam Foundation has announced the close of the Moonbeam crowdloan to preserve the rewards of those who have already contributed.
Huge thanks to over 190,000 contributors around the globe who are supporting Moonbeam’s launch to @Polkadot! pic.twitter.com/PwhMmHwD5D
— Moonbeam Network (@MoonbeamNetwork) November 22, 2021
