Moonbeam's Glimmer token powers network functionalities.
Moonbeam uses GLMR for smart contract execution, governance, fees, and security, with inflation supporting network security and fee burning reducing token supply over time.
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What is Moonbeam (GLMR)?
Moonbeam is primarily deployed on the Polkadot network, utilizing its native token called Glimmer (GLMR). As the Moonbeam platform is still under development, the details provided here may evolve before its official launch. Glimmer serves as the essential utility token for Moonbeam’s decentralized smart contract ecosystem, fulfilling multiple critical functions: - Covering gas fees for executing smart contracts - Incentivizing collators and supporting decentralized node infrastructure - Enabling on-chain governance, including proposing referenda, electing council members, and voting - Paying transaction fees on the network Regarding its inflation and fee model, Moonbeam aims for a 5% annual inflation rate with an uncapped supply. The inflation budget helps sustain network security by fun...
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Moonbeam price live information
As of now, Moonbeam is trading at 0.089338 USD, with a 24-hour trading volume of approximately 790.88K USD. The GLMR to USD price is updated in real time. Over the past 24 hours, Moonbeam has increased by 12.08%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 87.04M USD. Currently, there are 974 301 701 GLMR in circulation out of a maximum supply of 1 171 050 994 GLMR.
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