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Tag: moonbeam

  • DataHaven Potential Airdrop Guide

    DataHaven Potential Airdrop Guide

    Introduction

    DataHaven, a decentralized, AI-first storage solution, is gaining traction in the Web3 space. Built as an Autonomous Verifiable Service (AVS) and secured by Ethereum restaking through EigenLayer, DataHaven aims to redefine how data is stored, secured, and accessed in an AI-native future. With a strong emphasis on a “fair launch” philosophy and a significant portion of its token supply allocated for community initiatives, DataHaven presents a promising opportunity for potential airdrops. This article provides a comprehensive guide to participating in the DataHaven ecosystem for a potential airdrop, along with an overview of the project, its tokenomics, use cases, and the strategic importance of Moonbeam GLMR staking.

    Step-by-Step Guide to Potential DataHaven Airdrop

    Based on the information gathered, here’s a step-by-step guide to potentially qualify for a DataHaven airdrop:

    1. Subscribe to the DataHaven Newsletter:

    • Visit the official DataHaven website: https://datahaven.xyz/

    • Scroll down the homepage until you find the newsletter subscription section.

    • Enter your email address in the provided field.

    • Click the “Subscribe” button.

    2. Engage with the DataHaven Community (The Moose Awakens Program):

    • Join DataHaven’s official Discord server and Telegram group (links usually found on their website or social media).

    • Actively participate in discussions, ask questions, and provide helpful insights.

    • Create content related to DataHaven (e.g., tweets, articles, videos).

    • Assist other community members.

    • Rationale: The “Moose Awakens” program rewards active community members with “Keys” and “Acorns” which can be converted to $GLMR or used to gain roles. This indicates a strong emphasis on community engagement, which is a common criterion for airdrops.

    3. Consider Staking GLMR (Moonbeam Tokens):

    • Visit the Moonbeam staking application: https://apps.moonbeam.network/moonbeam/staking

    • Follow the instructions to stake your $GLMR tokens.

    • Rationale: As stated in the Moonbeam forum, “$GLMR can be used for the economic security of the new DataHaven platform, driving further ties between Moonbeam and DataHaven.” This direct connection suggests that holding and staking GLMR could be a significant factor in DataHaven airdrop eligibility, as it contributes to the security and stability of the underlying ecosystem.

    Why GLMR Staking Could Be a Qualifying Factor

    DataHaven is a strategic initiative by Moonbeam, aiming to extend Moonbeam’s capabilities to the Ethereum ecosystem. The explicit statement that “$GLMR can be used for the economic security of the new DataHaven platform” highlights a direct utility for GLMR within the DataHaven ecosystem. By staking GLMR, users are not only contributing to the security and decentralization of the Moonbeam network but also indirectly supporting the foundational infrastructure upon which DataHaven is built.

    Projects often reward early supporters and those who contribute to the security and liquidity of their associated ecosystems. Given DataHaven’s “fair launch” philosophy and its allocation of tokens for staking initiatives, GLMR stakers are well-positioned to be considered for any future airdrops, as they demonstrate a vested interest and active participation in the broader Moonbeam-DataHaven ecosystem.

    DataHaven Project Overview

    DataHaven distinguishes itself by combining AI-native storage, end-to-end encryption, and Ethereum-aligned economic security into a unified data infrastructure. It supports enterprise-grade use cases with predictable pricing, strong compliance tools, and tamper-proof audit trails that connect onchain storage with real-world legal frameworks. Unlike traditional storage networks, DataHaven enables autonomous data marketplaces where AI agents can monetize, trade & verify datasets directly.

    $HAVE Tokenomics

    HAVE is the native token of the DataHaven network, an AI-first decentralized storage platform secured by EigenLayer. The HAVE token is integral to the network’s operation and value accrual. At the Token Generation Event (TGE), 11% of the total token supply will be unlocked, with a significant portion (roughly 6%) earmarked for a global airdrop and staking initiative, aiming to bring over 100,000 participants into the network. Of the total 600 million HAVE tokens, 200 million allocated to this program will go toward the staking initiative. This program ensures initial token liquidity is widely distributed. Recipients may benefit from staking tokens for a period of 2 to 12 months, aligning emissions and encouraging meaningful participation rather than speculation. Approximately 4.5 HAVE tokens allocated to this program will go toward the staking initiative. Approximately 4.5 HAVE tokens are expected to enter circulation at TGE, growing to approximately 16% by the end of 12 months following TGE.

  • Moonbeam ($GLMR $RIVER): expanding to multi-chain with Polkadot

    Moonbeam ($GLMR $RIVER): expanding to multi-chain with Polkadot

    For a long time, decentralized platforms have been operating in silos, but now, developers are looking for ways to interface with different blockchain platforms. Apart from interoperability, new projects are looking for ways to power the seamless movement of tokens between chains.

    One such project is Moonbeam ($GLMR, $RIVER), a platform that works under the belief that the future of distributed systems is multi-chain. The project brings smart contract technology to another level and takes developers, end-users, collators, and other network participants along with it. Moonbeam’s entry into the scene provides a crucial pillar to decentralized finance (DeFi) platforms.

    For example, SushiSwap has already transferred its core exchange protocol on Moonbeam, specifically on the Moonbase Alpha TestNet. Below, we explore the platform, including how it offers Ethereum developers an easy way out.

    Background

    PureStake, a master in developing reliable, secure, and next-generation blockchain infrastructure, is behind the Moonbeam project. PureStake’s team experience spans from managing high-end data centers, as-a-service platforms, and networks for institutions strictly bent towards security and availability.

    Top PureStake team members include Derek Yoo, Stefan Mehlhorn, and Tim Baldwin. Yoo, the CEO, has 20 years of experience in software development and cloud systems. Mehlhorn is the chief operating officer with 25 years in technical operations in various top companies such as Samsung.

    Before joining PureStake, he was the CEO of Collego and Parmessa. On the other hand, Baldwin is PureStake’s vice president of engineering and has 20 years of experience leading DevOps and application development teams.

    What is Moonbeam Network?

    Moonbeam is a developer-focused decentralized network providing tools to enhance compatibility with the Ethereum blockchain. Notably, the network fully implements the Ethereum Virtual Machine (EVM), an application programming interface (API) with Web3 compatibility, and provides bridges to enhance connection with Ethereum-based protocols.

    With these functionalities, developers can deploy solidity-based smart contracts and decentralized application (Dapp) frontends on Moonbeam with little to minimal modifications.

    Additionally, Moonbeam is part of the Polkadot ecosystem, where it operates as a parachain.

    Consequently, it taps into Polkadot’s security and connects to other networks on Polkadot.

    Building on Moonbeam can either be done by employing a standalone node on the network or connecting to Moonbase, a testnet environment. The protocol supports major wallets such as MetaMask and MathWallet.

    Note that Moonbeam’s Ethereum compatibility allows it to support other wallets that work with the Ethereum blockchain. In addition, it works with major Ethereum tools such as Remix, Truffle, HardHat, Web3.py, Ethers.js, and Web3.js. Additionally, for projects requiring interaction with external data, Moonbeam supports leading oracle platforms like Band Protocol, Chainlink, and Razor Network.

    How Moonbeam Works

    Moonbeam employs a proof-of-stake (PoS) mechanism for block production and transaction confirmations. However, it leverages Polkadot’s PoS model that features validators and collators. Collators collect transactions from Polkadot’s parachains, such as Moonbeam. They then create state transition proofs for use by validators on the relay chain.

    Collators are selected depending on their stake in the protocol. However, the staked amount is slashed in case a collator acts dishonestly. Notably, network users can delegate their tokens to collators who share their block rewards with the delegators or nominators. The high the stake, the stronger the network security, the higher the chance of being selected as a collator.

    Currently, the Moonbeam network caps the maximum number of nominators that can delegate their tokens to 10, and a nominator can stake their tokens with a maximum of 8 collators.

    Each block production round takes roughly two hours and is made up of 600 blocks. The staking rewards are delayed for two rounds.

    Observe that collators charge nominators for their service as soon as they are successfully nominated to be block producers. Therefore, during reward distribution, collators remove the commission after getting the block rewards and then distribute the rest to nominators depending on their delegated amount.

    Glimmer ($GLMR) and River ($RIVER) token

    Moonbeam has 2 utility tokens: Glimmer ($GLRM) and River ($RIVER). The major difference between the 2 tokens is that they are respectively deployed on the Polkadot and Kusama relay chain.

    Glimmer and River token utilities
    Glimmer and River token utilities (Image credit: Moonbeam network)

    Glimmer token (GLMR)

    The Moonbeam platform has a base asset called Glimmer (GLMR), which has specific functionalities throughout its ecosystem. Glimmer works on the Moonbeam network and the Polkadot relay chain.

    GLMR is used to:

    1. Pay transaction fees.
    2. Support network operations.
    3. Reward collators.
    4. Power on-chain governance.
    5. Support gas metering of smart contract execution.

    GLMR has a genesis token supply of 10 million and an annual inflation rate of 5%. The token distribution goes to seed funding, strategic sale, public sale, parachain bond funding, treasury, development, partners/advisors, founders, among others. Moonbeam tackles the 5% inflation by burning 80% of the transaction fees.

    River token (RIVER)

    The RIVER token is deployed on Kusama and acts as a “CanaryNet” on the network. This means the token utility behaviours on Moonriver will mirror Moonbeam.

    Governance on Moonbeam

    Moonbeam employs community governance through the Glimmer token. Token holders range from developers, users, collators, and contributors. The governance aspect defines how token holders interact with proposals, referendum, voting, enactment, lock period, and delegation. Moonbeam takes a layered approach to governance.

    Most importantly, governance is conducted on-chain. Some critical governance components include:

    1. Referendum – This is made up of the proposal with the highest number of votes. A proposal contains suggestions to change Moonbeam parameters, such as code upgrades and governance parameters. The platform supports a maximum of five proposals at each referendum.
    2. Voting – Voting is done by token holders. Notably, the weight of each vote depends on the amount of staked tokens.
    3. Council – This is a group of participants that propose referenda and vet community-suggested proposals. However, council members have special voting rights and are voted in by GLMR holders.
    4. Treasury – The treasury holds funds from users who wish to submit a proposal. The council can either approve or reject such proposals. Unfortunately, in case of a rejection, the proposer loses the amount held in the treasury.

    Conclusion

    Moonbeam is not a typical EVM implementation. Instead, it adds to the existing Ethereum features such as staking, on-chain governance, and inter-blockchain connections.

    Notably, Moonbeam’s community governance framework employs a layered structure. As such, it ensures only the most viable proposals make it to the voting stage. Additionally, integrating EVM and Web3 makes it easier for developers to transfer existing projects to the network with minimal changes.

    On the other hand, GLMR helps power the network by enabling staking, payment of transaction fees, and rewarding collators. Note that the network’s use of the Polkadot PoS consensus mechanism provides scalability and high transaction speeds.

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