Moonbeam is a blockchain that functions as a Polkadot parachain, is EVM compatible, and is based on substrate. Glimmer (GLMR) serves as the network’s governance and utility token. Users have the ability to participate in governance, pay transaction fees, earn rewards through liquidity provision, and stake their tokens.
Glimmer (GLMR) is the service and governance token of the Moonbeam network. To truly grasp the essence of the Glimmer (GLMR) token, it is essential to delve into the world of Moonbeam. Moonbeam is an Ethereum-compatible smart contract parachain that operates within the Polkadot ecosystem. It allows developers to leverage popular Ethereum tools to create or redeploy projects using Solidity in a Substrate-based environment.
Moonbeam is not just a mere EVM implementation; it offers a specialized parachain experience mirroring Ethereum’s Web3 RPC, accounts, keys, subscriptions, and logs. The platform goes beyond Ethereum’s basic features by incorporating on-chain governance, staking, and cross-chain integrations.
Key points of Moonbeam’s Ethereum compatibility include:
– Seamless integration of existing Solidity smart contracts without the need for reconfiguration.
– Utilization of popular developer tools such as MetaMask, Hardhat, Waffle, Remix, and Truffle through a comprehensive Web3 RPC set.
– Unified account structures and signatures, enabling the use of existing Ethereum H160 accounts and ECDSA signatures.
– Access to a wide range of integrations on Polkadot, including oracles, bridges, wallets, and other tools.
Moonbeam was founded by Derek Yoo, CEO of PureStake, a platform that offers secure public blockchain infrastructure for developers, projects, and businesses in the blockchain space. Stefan Mehlhorn, an expert in early-stage company management, serves as the Chief Operating Officer for both Moonbeam and PureStake.
Glimmer coin functions as the governance token within the Moonbeam ecosystem, allowing users to participate in various decision-making processes within the project.
After its listing on Binance, GLMR coin garnered significant attention as a governance token backed by a robust project. The current market sentiment towards GLMR coin can be better understood by analyzing its price trends.
To purchase GLMR coin, users can easily and securely do so through Binance, the world’s leading cryptocurrency trading platform. Upon joining Binance and depositing fiat currency, users can acquire GLMR by trading it against BUSD, Bitcoin (BTC), Binance Coin (BNB), or Tether (USDT).
Furthermore, users can place buy orders at lower values than the market price on Binance and execute their purchases at their desired price by utilizing the Limit tab. For the latest news updates, users can follow us on Telegram, Facebook, Twitter, and Coinmarketcap.
Disclaimer: This article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research before making any investment decisions.
