{"id":4253,"date":"2023-09-28T16:30:53","date_gmt":"2023-09-28T16:30:53","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=4253"},"modified":"2023-09-29T23:35:14","modified_gmt":"2023-09-29T23:35:14","slug":"what-is-moonbeam-glmr-project-review","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-moonbeam-glmr-project-review\/","title":{"rendered":"What is Moonbeam (GLMR)? Project Review"},"content":{"rendered":"<p><strong>Moonbeam<\/strong> (GLMR) is the native token of Moonbeam. It is also a smart contract Parachain on the <strong>Polkadot<\/strong> blockchain that is compatible with Ethereum.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-moonbeam-glmr-project-review\/#What_is_Moonbeam_Network\" title=\"What is Moonbeam Network?\">What is Moonbeam Network?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-moonbeam-glmr-project-review\/#What_is_GLMR_Moonbeam_Token\" title=\"What is (GLMR) Moonbeam Token?\">What is (GLMR) Moonbeam Token?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-moonbeam-glmr-project-review\/#Moonbeam_Tokenomics\" title=\"Moonbeam Tokenomics\">Moonbeam Tokenomics<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-moonbeam-glmr-project-review\/#Where_And_How_To_Buy_GLMR_Token\" title=\"Where And How To Buy GLMR Token?\">Where And How To Buy GLMR Token?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Moonbeam_Network\"><\/span>What is Moonbeam Network?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Moonbeam<\/strong> is a network that simplifies the developer experience by combining full <a href=\"https:\/\/coinengineer.net\/blog\/ethereum-proof-of-work-pow-consensus-mechanism\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> compatibility with the power of <a href=\"https:\/\/coinengineer.net\/blog\/what-is-polkadot-dot\/\" target=\"_blank\" rel=\"noopener\">Polkadot<\/a>, 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&#8217;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.<\/p>\n<p id=\"section-1\"><strong>Key Features of Moonbeam Network?<\/strong><\/p>\n<ul>\n<li>Provides censorship resistance and support for various current and future <strong>DApp<\/strong> use cases. Therefore, it is decentralized and permissionless.<\/li>\n<li>Includes a full EVM implementation, enabling Solidity-based smart contracts to be ported with minimal changes.<\/li>\n<li>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.<\/li>\n<li>Includes native <a href=\"https:\/\/coinengineer.net\/blog\/cross-and-multi-chain-what-are-they\/\" target=\"_blank\" rel=\"noopener\"><strong>cross-chain<\/strong><\/a> integration through Polkadot network and token bridges. Also, it enables token movement, state visibility, and message transmission with Ethereum and other chains.<\/li>\n<li>Includes On-Chain Governance to evolve the basic protocol quickly and without forking, according to developer and community needs.<\/li>\n<\/ul>\n<p><strong>Moonbeam Network Ecosystem<\/strong><\/p>\n<p>There are many tokens in the <b>Moonbeam Network<\/b> ecosystem. For instance <strong>Dex<\/strong>, stablecoin, and Launchpad tokens.<\/p>\n<p><strong style=\"font-size: 14.4px;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4273\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Moonbeam-Network-Ecosystem-1-1024x576.jpg\" alt=\"Moonbeam Network (GLMR) Ecosystem\" width=\"665\" height=\"374\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Moonbeam-Network-Ecosystem-1-1024x576.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Moonbeam-Network-Ecosystem-1-300x169.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Moonbeam-Network-Ecosystem-1-768x432.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Moonbeam-Network-Ecosystem-1.jpg 1200w\" sizes=\"auto, (max-width: 665px) 100vw, 665px\" \/><\/strong><\/p>\n<p><b>How Long Has Moonbeam Network Been on the Market?<\/b><\/p>\n<p>Work on the Moonbeam network began in early 2020 by the <strong>PureStake<\/strong> team. Additionally, the test network was launched in September 2020 and it was launched in January 2022.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_GLMR_Moonbeam_Token\"><\/span>What is (GLMR) Moonbeam Token?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><b>Where Is Moonbeam Token Used?<\/b><\/p>\n<ul>\n<li>Support the gas measurement of smart contract execution.<\/li>\n<li>Moonbeam encourages compilers. Moreover, it provides mechanisms to create a decentralized node infrastructure that the platform can run on.<\/li>\n<li>Facilitate on-chain governance mechanisms, including proposing referendums, electing council members, and voting, etc.<\/li>\n<li>Pay network transaction fees.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Moonbeam_Tokenomics\"><\/span><b>Moonbeam Tokenomics<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Long-term protocol and ecosystem development <strong>(<span style=\"font-size: 14.4px;\">16.7%)<\/span><\/strong><\/li>\n<li>Reward contributors to the Moonbeam crowdloan <strong>(15%)<\/strong><\/li>\n<li>Seed funding and sold to users in September 2020 <strong>(14%)<\/strong><\/li>\n<li>Strategic financing <strong>(12%)<\/strong><\/li>\n<li>Take Flight community event <strong>(9.8%)<\/strong><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4275 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/GLMR-TOKENOMICS.png\" alt=\"GLMR TOKENOMICS\" width=\"768\" height=\"370\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/GLMR-TOKENOMICS.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/GLMR-TOKENOMICS-300x145.png 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<p><b>Team And Supporters<\/b><\/p>\n<p>GLMR has received investment from companies such as <a href=\"https:\/\/coinengineer.net\/blog\/role-of-binance-academy\/\" target=\"_blank\" rel=\"noopener\">Binance Labs<\/a>, ParaFi, <a href=\"https:\/\/coinengineer.net\/blog\/?s=Coinbase\" target=\"_blank\" rel=\"noopener\">Coinbase<\/a> Ventures, and HashKey.<\/p>\n<p><b>GLMR Market Data<\/b><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-4267 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Moonbeam-GLMR.png\" alt=\"Moonbeam (GLMR)\" width=\"479\" height=\"370\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Moonbeam-GLMR.png 693w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/09\/Moonbeam-GLMR-300x232.png 300w\" sizes=\"auto, (max-width: 479px) 100vw, 479px\" \/><\/p>\n<p>Current Market Value: <strong>$188,167,154<\/strong><\/p>\n<p>Current GLMR Token Price: <strong>$0.2522<\/strong><\/p>\n<p>The current circulating supply of GLMR Token, which has a total supply of <strong>1,085,882,183<\/strong> is <strong>744,752,435<\/strong>. So it means this corresponds to <strong>68%<\/strong> of the total supply.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Where_And_How_To_Buy_GLMR_Token\"><\/span><span style=\"font-size: 115%;\">Where And How To Buy GLMR Token?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>GLMR Token is available on many major cryptocurrency exchanges such as <strong><a href=\"https:\/\/accounts.binance.com\/en\/register?ref=DGQ4AGL8\" target=\"_blank\" rel=\"noopener\">Binance<\/a><\/strong>, <strong><a href=\"https:\/\/www.kucoin.com\/ucenter\/signup?rcode=rJUEYGG\" target=\"_blank\" rel=\"noopener\">KuCoin<\/a><\/strong>, Kraken, and <strong><a href=\"https:\/\/www.okx.com\/join\/DISCOUNTS\" target=\"_blank\" rel=\"noopener\">OKX<\/a><\/strong>. Besides, the easiest way to buy GLMR tokens is to buy them from Binance.<\/p>\n<hr \/>\n<p><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,<\/a> <a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moonbeam (GLMR) is the native token of Moonbeam. It is also a smart contract Parachain on the Polkadot blockchain that is compatible with Ethereum. 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,<\/p>\n","protected":false},"author":1,"featured_media":4286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[1543,151,1599,227,1598,1593,350,1250],"class_list":["post-4253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-binance-labs","tag-coinbase","tag-glmr","tag-launchpad","tag-moonbeam","tag-parafi","tag-polkadot","tag-polkadot-parachain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Moonbeam (GLMR)? 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