The current price of Moonbeam is $0.24526. Since 00:00 UTC, Moonbeam has decreased by -8.50%. It currently has a circulating supply of 933,121,151 GLMR and a maximum supply of 1,153,706,260 GLMR, giving it a fully diluted market cap of $228.89M. At present, the Moonbeam coin holds the 167 position in market cap rankings. The Moonbeam/USD price is updated in real-time.
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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.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 691 new posts about Moonbeam, driven by 158 contributors, and total online engagement reached 89K social interactions. The sentiment score for Moonbeam currently stands at 88%. Compared to all cryptocurrencies, post volume for Moonbeam currently ranks at 3339. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Moonbeam.
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Posts
691
Contributors
158
Interactions
88,741
Sentiment
88%
Volume rank
#3339
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Posts
468
Interactions
20,085
Sentiment
80%
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.
What is the GLMR price prediction?
While it’s challenging to predict the exact future price of GLMR, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is Moonbeam worth today?
Currently, one Moonbeam is worth $0.24526. For answers and insight into Moonbeam's price action, you're in the right place. Explore the latest Moonbeam charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Moonbeam, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Moonbeam have been created as well.
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