Moonbeam is a developer-oriented blockchain that provides compatibility with the Ethereum developer toolchain and network. At the same time, the project provides an Ethereum virtual machine (EVM) implementation, a Web3-compatible API, and bridges connecting Moonbeam to the existing Ethereum network. This allows developers to easily deploy smart contracts and DApp user interfaces to Moonbeam with minimal changes.
What is Moonbeam?
Moonbeam is a developer-oriented blockchain that provides compatibility with the Ethereum developer toolchain and network. At the same time, the project provides an Ethereum virtual machine (EVM) implementation, a Web3-compatible API, and bridges connecting Moonbeam to the existing Ethereum network. This allows developers to easily deploy smart contracts and DApp user interfaces to Moonbeam with minimal changes.
Moonbeam will also be a Parachain on the Polkadot network. Or in other words, Moonbeam will receive shared security from Polkadot’s relaychain and will be able to integrate with other Parachain chains connected to Polkadot (when that functionality is available on Polkadot).
Website: Moonbeam.network
Highlights of Moonbeam
While there are many projects that focus on interoperability of blockchains, Moonbean focuses on providing a framework for blockchain to interact seamlessly with Ethereum. Therefore, this protocol has helped developers create an interconnected ecosystem through the following unique features:
- Permissionless DApps: Moonbeam offers a higher level of decentralization and censorship resistance. At the same time, develop a platform that supports the DApp ecosystem by providing public and open source blockchain development.
- Partnering with EVM: Moonbeam allows Solidity-based smart contracts running on the Ethereum Virtual Machine (EVM) to be ported to the platform with minimal changes.
- Advanced API: Moonbeam allows developers to migrate the DApp front-end without major changes. This allows users of the Moonbeam network to execute tools like Truffle or MetaMask without crashing.
- Substrate compatible tools: These tools include block explorers, front-end development libraries, and wallets to help developers and users create/interact with their blockchain space.
- Cross-chain integration: Using the Polkadot network and token bridges, Moonbeam can enable token migration, state visibility, and message passing with Ethereum and other chains.
- On-chain governance: Governance that takes place on-chain allows Moonbeam stakeholders to quickly evolve the base protocol according to developer and community needs without the need for any fork.
Detailed information about GLMR Token
GLMR Tokenomics
- Token Name: GLMR Token
- Ticker: GLMR
- Blockchain: Polkadot
- Token Standard: Updating
- Contract: Updating
- Token Type: Utility, Governance
- Total Supply: 10,000,000 GLRM
- Circulating Supply: Updating
GLMR Token Allocation
GLMR Token Sale
- Tokens for Sale: 1,600,000 GLMR
- Tokens Sold: N/A
- ICO Price: 0.25$
- Where to buy: Token Soft
- Soft Cap: TBA
- % of Total Supply: 10%
- Fundraising Goal: TBA
- Accept: To be determined
- Personal Cap: To be determined
- Access: Public
Source: Coinmarketcap.com
GLMR Token release schedule
- Seed Funding: Completed in September 2020. Subject to 24-month allocation schedule and held for the first 3 months. Then distributed in months 4 – 24.
- Strategic Funding: Completed in March 2021. Subject to 12-month allocation schedule and held for the first 2 months. Then distributed in the months of March – December.
- “Take Flight” Community Event: Unlocked after 40 days, schedule subject to change.
- Parachain Bond Funding: Allocated within 6 years.
- Parachain Bond Reserve: On-chain fund used for parachain bond purposes.
- Treasury: The initial capital of the on-chain treasury can be used to back commodities using on-chain governance. (20% of the fee goes here).
- Long-Term Protocol & Ecosystem Development: Moonbeam Foundation uses tokens to develop protocols and other programs.
- Liquidity Programs: Use tokens for liquidity programs to incentivize growth and increase adoption on Moonbeam.
- Developer Adoption Program: Funds will be used as incentives for developers and projects supporting Moonbeam. Allocated for 2 years.
- Key Partners & Advisors: For strategic partners and advisors. From launch, will be unlocked for 2 years (Locked for the first 6 months and unlocked monthly thereafter).
- PureStake Early Backers: From launch, will be unlocked for 2 years (Locked for the first 6 months and unlocked monthly thereafter).
- Founders and Early Employees: From launch, will be unlocked for 4 years (Locked for the first year and unlocked monthly thereafter).
- Future Employee Incentives: From launch or network grant date (whichever is later), will be unlocked for 4 years (Locked for the first year and unlocked monthly thereafter).
Source: Moonbeam.foundation
GLMR Token use case
- Pay gas fees when executing smart contracts.
- Encourage users to collate and power mechanisms around the creation of decentralized node infrastructure.
- Facilitate on-chain governance mechanisms including referendum agenda proposals, board member election, voting, etc.
- Pay transaction fees on the network.
How to earn and own GLMR Token
To support the launch of the Moonbeam Network, the Moonbeam Foundation created Take Flight – a token event for the Moonbeam community. This event aims to thank the Moonbeam community for their help and allocation of GLMR Tokens to enthusiastic supporters.
- Token Allocated for Event: 80,000,000 GLMR
- Start date: at 03:00 pm (UTC) September 7, 2021
- Duration: through three sequential rounds
- Fixed price: 0.25 USD/GLMR
- Lockup: 40 days from launch of full-featured Moonbeam Network
- Vesting: none
- Min/Max Contribution: Min: 500 USD/Max: 2500 USD per round
- Accepted tokens: USDT , USDC , ETH
- Qualification (professional qualifications): Meet all conditions. (US residents and citizens are not eligible to participate).
- Location: A link will be sent to eligible participants via email.
GLMR Token storage wallet & exchange
- Wallets: MetaMask , MathWallet, Ledger, Trezor
- Trading platform: Updating
Roadmaps & Updates
Project team, investors & partners
Project team
Moonbeam was founded by Derek Yoo, CEO of PureStake – a platform that provides secure and reliable blockchain infrastructure for blockchain application developers, projects and businesses.
Stefan Mehlhorn – an expert in early-stage company management and operations, is also the chief operations officer of both Moonbeam and PureStake.
Katie Butler and Francisco Javier Agosti are the heads of Moonbeam Network’s marketing and business development team.
Investors
Binance Labs led the $6 million strategic round of smart contract platform Moonbeam with CoinFund and ParaFi.
Partner
summary
Moonbeam is not only a “bridge” but also a launch pad for applications that want to exploit Polkadot’s success. Additionally, the Moonbeam smart contract platform combines the best of Ethereum and Polkadot into a seamless experience for developers – meaning users on Moonbeam can choose from a wide range of DApps and technologies. popular tool.