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Moonbeam

Moonbeam GLMR Price $ 0.303

Rank: 255

2995 Watchlists

Chain

GLMR Price

0.303
6.97%
($ 0.0197)
Price Range
LowHigh
$ 0.276$ 0.307

General Info

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#Coin

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Description

Glimmer is a token of the Moonbeam Network, Ethereum-compatible smart contracts platform on a Polkadot parachain.

Moonbeam (GLMR) Chart

Moonbeam price Index provides the latest GLMR price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

GLMR to USD Converter

Moonbeam (GLMR)GLMR

ICO

7 Sep — 10 Sep 2021

Raised

$ 24.50M

Price:

$ 0.250

ROI:

1.21x  +21%

Platform:

N/A

ATH ROI:

102.63x  +10,163%

GLMR Price Statistics

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Market Cap

$ 261.67M

Fully diluted value

FDV

$ 339.11M

ATH Market Cap

$ 3.85B

24 Trade Vol.

$ 6.36M


Vol. (24h) / MCap

0.0243

Total Supply

GLMR 1,120,132,750

Circulating Supply

GLMR 864.35M

(77.2% of Total Supply)


Next Unlock

GLMR 4.29M

(0.38% of Total Supply)

Listing Date

11 Jan 2022

ICO Price

$ 0.250

10 Sep 2021

ICO ROI

21.1%

1.21x

All Time High

$ 25.66

11 Jan 2022


All Time Low

$ 0.160

22 Sep 2023


From ATH

98.8%

From ATL

88.7%

What is Moonbeam (GLMR)?

The primary deployment of Moonbeam will be on the Polkadot network, with an associated token called Glimmer (GLMR). As the Moonbeam network is still under development, the information on this page may change before the public launch of the network.

Glimmer Token Utility

As a decentralized smart contract platform, Moonbeam requires the Glimmer token to function. This token is central to the design of Moonbeam and cannot be removed without sacrificing essential functionality. Some of the uses of the Glimmer token on Moonbeam include:

  • Supporting the gas metering of smart contract execution
  • Incentivizing collators and powering the mechanics around the creation of a decentralized node infrastructure on which the platform can run
  • Facilitating the on-chain governance mechanism including proposing referenda, electing council members, voting, etc
  • Paying for transaction fees on the network

Inflation and Fee Model

Moonbeam targets a 5% annual inflation rate and, as such, has an uncapped token supply.

The purpose of inflation in Moonbeam is to pay for ongoing security needs of the network. The primary security budget items are to pay for a parachain slot on an ongoing basis, and to incentivize collators to provide collation (block production) services to support the Moonbeam network. Of the 5% inflation, 1% will go towards incentivizing collators and 1.5% will go to the parachain bond reserve to accumulate on chain funds to pay for a parachain slot in perpetuity. The remaining 2.5% will go to users that stake their GLMR tokens and help power the collator selection process.

Fees on Moonbeam related to transactions and smart contract execution will be handled in two ways. 80% of the spent fees will be burned, which acts as a deflationary force and accrues value to existing GLMR holders based on increased utilization of the network. 20% of the spent fees will go to the on chain treasury which can be allocated via onchain governance to projects and initiatives which further adoption and engagement with the network.

Moonbeam Price Today

Moonbeam's current price is $ 0.303, it has increased +6.97% over the past 24 hours.

Moonbeam's All Time High (ATH) of $ 25.66 was reached on 11 Jan 2022, and is currently -98.8% down.

The current circulating supply of Moonbeam is 864.32 Million coins, and the maximum supply of GLMR is unlimited.

Moonbeam’s 24 hour trading volume is $ 6.37 Million.

Moonbeam (GLMR) operates on its own blockchain.

Moonbeam's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 261.55 Million.

You can find more details about Moonbeam on its official website and on the block explorer.

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