|24H||-$ 0.00242||-0.66%||$ 0.379||$ 0.366|
|7D||-$ 0.0226||-5.79%||$ 0.397||$ 0.351|
|14D||-$ 0.0299||-7.53%||$ 0.445||$ 0.351|
|1M||-$ 0.0691||-15.8%||$ 0.445||$ 0.336|
|3M||$ 0.0279||+8.2%||$ 0.567||$ 0.313|
|6M||-$ 0.0876||-19.2%||$ 0.567||$ 0.313|
|YTD||$ 0.0379||+11.5%||$ 0.567||$ 0.313|
|1Y||-$ 2.97||-89%||$ 5.94||$ 0.313|
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:
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's current price is $ 0.368, it has dropped -0.66% over the past 24 hours.
Moonbeam's All Time High (ATH) of $ 25.66 was reached on 11 Jan 2022, and is currently -98.6% down.
The current circulating supply of Moonbeam is 606.06 Million coins, and the maximum supply of Moonbeam is 1.06 Billion.
Moonbeam’s 24 hour trading volume is $ 4.84 Million.
Moonbeam (GLMR) operates on its own blockchain.
Moonbeam's current share of the entire cryptocurrency market is 0.02%, with a market capitalization of $ 222.80 Million.
You can find more details about Moonbeam on its official website and on the block explorer.