Moonbeam Price

Moonbeam (GLMR) is the first fully operational Ethereum-compatible smart contract parachain running successfully on the Polkadot ecosystem. Moonbeam uses its native Glimmer token (GLMR) to operate the network.

Check the Moonbeam current price, market cap, total supply, max supply, circulating supply, trading volume, and other metrics, along with in-depth information on several of the biggest and fastest-growing cryptocurrencies on CoinStats, one of the best platforms around.

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Read on to learn everything you need to know about the Moonbeam platform and the Glimmer (GLMR) token.

What Is Moonbeam (GMLR) Coin

Moonbeam is a smart contract parachain on the Polkadot ecosystem. It promises cross-chain interoperability between the Ethereum and Polkadot blockchains. Moonbeam makes it easy to use Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment.

As the majority of projects and funds locked in smart contracts are built on top of the Ethereum blockchain, interoperability with Ethereum has become paramount for any layer-one protocol. With the launch of Moonbeam (GLMR), the Polkadot network moved toward its first Ethereum virtual machine (EVM) compatible smart contract protocol.

The Moonbeam network makes it easier for Ethereum developers to extend their influence to the Polkadot ecosystem while sharing workloads seamlessly on an entirely new layer. Moreover, the Moonbeam platform extends the base Ethereum feature set by bringing additional features like staking, on-chain governance, and cross-chain integration.

Moonbeam is more than just an Ethereum compatible parachain network on the Polkadot blockchain. Moonbeam benefits from the Polkadot chain's security to significantly decrease the risk of 51% attacks. Here are some of the features Moonbeam offers:

• A fully functioning EVM that manages the deployment and implementation of smart contracts.
• Crowdloan Rewards. You can retrieve crowdloan information as well as claim rewards. 
• Wrapped GLMR as ERC-20.
• Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs.

As a decentralized smart contract platform, Moonbeam requires a utility token to function. The native token for the Moonbeam network is known as Glimmer (GMLR). The GMLR token plays a central role in the Moonbeam network. It's used to power smart contracts, enable the performance of decentralized applications, and facilitate the network's security.

Moonbeam (GMLR) Coin Founders

The Moonbeam network was developed by Purestake; a company focused on providing the highest quality infrastructure and services for public blockchain networks. Purestake was founded by Derek Yoo in 2019 to promote interoperability and the much-touted "multi-chain feature," regarded by many developers as the future of blockchain. The Purestake team is a closely-knit, small, but competent team of professionals set to create the easiest developer environment.

Derek Yoo is the CEO and founder of Purestake. He initially wanted to provide the best infrastructure service for next-generation Proof-of-Stake blockchains. Yoo observed the need for interoperability between networks, and his observation drove him to the Polkadot blockchain, which already envisioned this problem and had a cross-chain interoperability feature. As a result, he built the Moonbeam network that works seamlessly with Ethereum and is touted as one of the best examples of the "multi-chain feature."

Yoo is a successful Web 2 entrepreneur who has spent the last 20 years building software and cloud companies. Before founding Purestake, he co-founded Fuze, a successful Unified communication as a service cloud platform with global acceptance. Yoo led the product and engineering team at Fuze and was instrumental in the company's growth to 700 employees and a $150M run rate. 

How Does Moonbeam (GMLR) Work

Moonbeam (GMLR) is a parachain that runs in parallel within the Polkadot ecosystem. This lets developers redeploy their existing smart contracts easily, using the same tools and integrations they already use, and take advantage of the modern Substrate framework on which all Polkadot parachains are built. It also means that Moonbeam benefits from the Polkadot chain's security and can integrate with other chains connected to Polkadot.

Moonbeam provides a full EVM implementation, a Web3-compatible API, and bridges that connect Moonbeam to existing Ethereum networks. This allows developers to run existing Solidity smart contracts and DApps on Polkadot with minimal changes. Developers can port their existing Ethereum DApps to Polkadot or easily create new permissionless decentralized applications (DApps) using familiar Ethereum development tools.

By using Moonbeam, Ethereum developers (which is the largest market of existing blockchain developers) will be able to bypass the scalability challenges due to the expense and constraints of the Ethereum network.

How to Buy Moonbeam (GMLR)

Moonbeam’s native token, Glimmer, was initially launched by the Moonbeam team during a private event. Instantly 100,000,000 GLMR (10% of the total supply) tokens were issued.

The GLMR price all-time high was $13.82. It has a max. supply of 1,000,000,000 GLMR tokens, with an initial market cap of $13.75 million. The GLMR token allows users to participate in governance, pay transaction fees, and earn rewards by providing liquidity and staking.

You can buy Glimmer coins with BTC or your credit/debit card. We've outlined top crypto exchanges that support Glimmer (GLMR) and their unique features below to help you get started!

Binance

Binance is one of the leading cryptocurrency exchanges in terms of the trading volume. Low exchange fees and high liquidity are among the advantages of buying Moonbeam (GLMR) tokens on Binance, allowing you to buy and sell digital assets rapidly to take advantage of market possibilities.

Gate.io

Gate.io, founded in 2013, has evolved into a recognized trading platform. While it's not the most popular exchange, it offers an easy-to-use interface to beginners and comprehensive and sophisticated charts to traders of all skill levels, including technical traders. The exchange has a vast number of cryptocurrencies, including Moonbeam (GLMR), and is frequently the first to introduce new tokens.

WazirX

WazirX is India's largest cryptocurrency exchange, with over 400,000 active users. The exchange is part of the Binance group and offers a user-friendly crypto trading platform with top-of-the-line security measures, low transaction fees, and a wide range of cryptocurrencies, including the Moonbeam tokens.

KuCoin

KuCoin is one of the largest and most popular cryptocurrency exchanges in the crypto market.  Launched in August 2017, the exchange has more than 400 markets and over 200 cryptocurrencies, including Moonbeam (GLMR).

KuCoin exchange offers bank-level asset security, a slick interface, beginner-friendly UX, some of the lowest trading fees among crypto exchanges, and a wide range of crypto services.