What is Moonbeam Network?

Moonbeam is a network that simplifies the developer experience by combining full Ethereum compatibility with the power of Polkadot, including scalability, cross-chain integrations, and on-chain governance. Furthermore, it gains advantages because it simplifies the developer experience. Thus, it achieves this compatibility using Ethereum’s Virtual Machine (EVM) and the Solidity programming language, allowing developers to create smart contracts and dApps without the need for code reconfiguration or rewriting.

Key Features of Moonbeam Network?

• Provides censorship resistance and support for various current and future DApp use cases. Therefore, it is decentralized and permissionless.
• Includes a full EVM implementation, enabling Solidity-based smart contracts to be ported with minimal changes.
• Compatible with the Substrate Ecosystem Tool Set, allows developers and users to use the right tool for the job they are trying to accomplish, including block explorers, front-end development libraries, and wallets.
• Includes native cross-chain integration through Polkadot network and token bridges. Also, it enables token movement, state visibility, and message transmission with Ethereum and other chains.
• Includes On-Chain Governance to evolve the basic protocol quickly and without forking, according to developer and community needs.

Moonbeam Network Ecosystem

There are many tokens in the Moonbeam Network ecosystem. For instance Dex, stablecoin, and Launchpad tokens.

How Long Has Moonbeam Network Been on the Market?

Work on the Moonbeam network began in early 2020 by the PureStake team. Additionally, the test network was launched in September 2020 and it was launched in January 2022.

What is (GLMR) Moonbeam Token?

GLMR is the native token of the Moonbeam network. At the same time, it is a fundamental component of the Moonbeam ecosystem. Also, it is responsible for maintaining the Moonbeam network, encouraging fair participation, providing decentralized structure, and facilitating smart contract execution through gas measurement.

The token also serves as an exchange unit used to pay gas fees on the network and grants its holders the right to vote in the ecosystem.

Where Is Moonbeam Token Used?

• Support the gas measurement of smart contract execution.
• Moonbeam encourages compilers. Moreover, it provides mechanisms to create a decentralized node infrastructure that the platform can run on.
• Facilitate on-chain governance mechanisms, including proposing referendums, electing council members, and voting, etc.
• Pay network transaction fees.

Moonbeam Tokenomics

• Long-term protocol and ecosystem development (16.7%)
• Reward contributors to the Moonbeam crowdloan (15%)
• Seed funding and sold to users in September 2020 (14%)
• Strategic financing (12%)
• Take Flight community event (9.8%)

Team And Supporters

GLMR has received investment from companies such as Binance Labs, ParaFi, Coinbase Ventures, and HashKey.

GLMR Market Data

Current Market Value: $188,167,154

Current GLMR Token Price: $0.2522

The current circulating supply of GLMR Token, which has a total supply of 1,085,882,183 is 744,752,435. So it means this corresponds to 68% of the total supply.

Where And How To Buy GLMR Token?

GLMR Token is available on many major cryptocurrency exchanges such as Binance, KuCoin, Kraken, and OKX. Besides, the easiest way to buy GLMR tokens is to buy them from Binance.

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Astar Network actively functions as the cornerstone of collaborative Web 3.0 development. It not only provides financial incentives, incubation programs, and technical support but also empowers developers to construct decentralized applications and layer 2 solutions. Astar Network actively aids developers in crafting decentralized applications, offering an array of tools and services for this purpose. It facilitates tasks such as constructing smart contracts, developing private blockchains, conducting asset exchanges, providing liquidity, and more, all of which are achievable within the Astar Network.

Astar Network offers a wide range of tools and services for decentralized app development, including smart contract creation, private blockchain development, asset trading, liquidity provision, and more, all seamlessly executable on the network.

Astar forges connections within the Polkadot ecosystem, establishing links with layer 1 blockchains such as Ethereum and Cosmos. Operating as a Polkadot Parachain, it assumes the role of a dynamic multi-chain Polkadot dApp hub. It offers robust support for DeFi, NFTs, and DAOs, enabling developers to concentrate their efforts primarily on application development, transcending the realm of infrastructure management.

What Makes Astar Network Unique?

What is Astar (ASTR) Network? The network builds upon Parity Substrate, a platform crafted for the creation of Web 3.0 blockchains. Networks like Astar, constructed atop Substrate, additionally utilize a variety of features, incorporating upgradable blockchains, modular architecture, customizable block execution logic, and adaptable consensus mechanisms. Also in simpler terms, it signifies a framework deliberately tailored to facilitate swift and straightforward blockchain development.

In addition to the substrate modules, Astar introduces the following features:

1- Operator Trading: It constitutes a mechanism for purchasing and vending dApps. Affording the capability to tokenize smart contracts, transfer ownership to other users, also designate other users as operators.

2- Multi-Lockdrop: This is an enhanced lockdrop method that permits the distribution of tokens from one network to another. Participants lock in tokens from different blockchains for a predetermined duration, and  local tokens are gradually disseminated among token holders. This approach actively encourages user engagement within the network’s ecosystem.

3- DApp Staking and Rewards: Astar prioritizes a reward system for dApp developers enhancing the ecosystem and Astar Network’s value. It operates per-block, with 50% of rewards to dApp developers (10% to nominators, 40% to operators, i.e., smart contract managers), incentivizing nominators to stake in smart contracts and boost the ASTR token’s value.

How Does Astar Work?

What is Astar  (ASTR) Plasm Network? Astar Network is a layer 1 permissionless public blockchain that anyone can join. In general, so Astar Network serves as the default root chain for developers to plug their applications into. Astar Network offers various modules that enable developers to easily utilize Layer 2 solutions, such as the Optimistic Virtual Machine (OVM) module and the DApp Staking module.

Astar Network is not only for Plasma applications but also for Lightning Network applications or other layer 2 protocols. Additionally users can choose which solution to use and make their use cases possible with minimal additional overhead.

In addition to enabling the implementation of Layer 2 solutions that are not possible on Astar, the network has integrated Plasma as a Service to support DApp developers. Plasma as a Service allows developers to effortlessly deploy Astar applications without the hassle of learning everything from scratch.

Tokenomics

➙ Astar Network project’s product, $ASTR, experiences an annual inflation rate of 10%.

Project Team         

Sota Watanabe – CEO               Hoon Kim – Chief R. Officer               Roy Kure – Chief Engineer

 Saša Pul – Developer              Dustin Lee – Content Creator.

Where Can We Buy ASTR Coin?

If you want to buy ASTR Coin with a lifelong 20% commission discount, you can purchase it from the exchanges listed below:

➔ Click here to buy from Binance exchange ➔ Click here to buy from Gate.io exchange ➔ Click here to buy from KuCoin exchange

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