GLMR

Moonbeam price

GLMR
|
3.4/5
CyberScope
4.4
05/29/2024
TokenInsight
2.3
11/26/2022
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USD
USD
$0.29582
-3.99%
1h
24h
1W
1M
1Y
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Moonbeam price live data

The current price of Moonbeam is $0.29582. Since 00:00 UTC, Moonbeam has decreased by -3.99%. It currently has a circulating supply of 865,273,217 GLMR and a maximum supply of 1,120,797,869 GLMR, giving it a fully diluted market cap of $256.12M. At present, Moonbeam holds the 129 position in market cap rankings. The Moonbeam/USD price is updated in real-time.

Moonbeam price performance in USD

Time periodChange amount%Chg
Today-$0.01229 -3.99%
7 days-$0.00458 -1.53%
30 days$0.0020194 +0.68%
3 months-$0.16808 -36.24%

Moonbeam market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.29312
Last price $0.29582
24h high$0.31161
Heat index ranking
213
Market cap ranking
129
Market cap
$256.12M
Favorited rate
Percentage of users who favorited this asset to all users
0.93%
All-time high
$19.5000
-98.49% (-$19.2042)
Jan 11, 2022 (2 years ago)
All-time low
$0.16010
+84.77% ($0.13572)
Sep 22, 2023 (8 months ago)
ICO date
01/11/2022
ICO price
The price at which this crypto was first traded
$0.25000
Circulating supply
The amount of this crypto that is publicly available in the market
865,273,217 GLMR
Market cap at circulating supply
Market cap = Circulating supply × Last price
$331.76M

About Moonbeam (GLMR)

Launched on January 11, 2022, Moonbeam is a fully decentralized, Ethereum-compatible smart contract platform built as a parachain on the Polkadot network. GLMR is Moonbeam's native ERC-20 token.

The Moonbeam foundation, which powers Moonbeam and its sister network, Moonriver, hosted a crowdloan campaign in November 2021 to secure DOT tokens to book a parachain slot on Polkadot. Moonbeam received over 35 million DOT in that campaign. Following that, Moonbeam became the first-ever fully functional parachain on Polkadot, with over 80 projects ready to be deployed.

Moonbeam allows developers to build within a scalable Layer 1 chain at faster speeds and lower costs. It provides developers with an ecosystem similar to Ethereum regarding accounts, security systems, subscriptions, and decentralized applications (DApp) front-ends. Development tools mirror existing tools in the Ethereum ecosystem, such as Waffle, Hardhat, Truffle, MetaMask, and Remix. Moreover, any Ethereum project or Solidity smart contract can be replicated and deployed on Moonbeam without much rewriting or reconfiguration.

The Glimmer token supports several functions in the Moonbeam ecosystem. Examples include financing smart contract executions, incentivizing collators and participants who power the mechanics of the core node infrastructure, and supporting gas fee payments on the network.

Moonbeam aims to maintain the same level of decentralization as its relay chain, Polkadot. To do so, it has adopted a fully decentralized mode of governance, complete with rights to propose changes, an established voting system, and councils and committees with varying roles.

GLMR price and tokenomics

GLMR has a total token supply of 1 billion, subject to a 5% annual inflation rate. Among the allocation, 15% is designated for Moonbeam crowdloan contributors, approximately 30% for seed, strategic, and parachain bond funds, while the rest is reserved for ecosystem development, liquidity programs, and the team.

To address inflation, Moonbeam allocates additional tokens for security needs, with 2.5% going to collators and parachain rent and another 2.5% for staking rewards. Furthermore, Moonbeam burns 80% of transaction and smart contract execution fees accumulated on the network. Ultimately, the price of GLMR is influenced by developer interest in the main protocol, Polkadot.

About the founders

Moonbeam and its sister network, Moonriver, are built by PureStake and financially backed by the Moonbeam Foundation. Derek Yoo, an alumnus of the University of Pennsylvania, is the founder and CEO of these networks. Stefan Mehlhorn, the COO of both networks, has also founded two companies, Collego and Permessa. Alan Sapede, who has prior experience at companies like Google, Fuze, and Live Minutes, handles blockchain engineering. All three team members have worked in the same roles for Pure Stake.

GLMR FAQ

What is GLMR?

Moonbeam is the first completely functional parachain on the Polkadot network that streamlines multi-chain development for blockchain projects. GLMR is Moonbeam's native ERC-20 token.

How does GLMR work?

GLMR provides a highly scalable chain where developers can build projects at faster speeds and lower costs. In addition, as Moonbeam is Ethereum-compatible, ETH projects can be easily deployed or migrated to it.

Where can I buy GLMR?

Easily buy GLMR tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include GLMR/USDT.

You can also swap your existing cryptocurrencies, including XRP (XRP), Bitcoin (BTC), Solana (SOL), and Chainlink (LINK), for GLMR with zero fees and no price slippage by using OKX TR Convert.