Moonbeam is a blockchain that functions as a Polkadot parachain, offering EVM compatibility and being substrate-based. Glimmer (GLMR) serves as the network’s service and governance token, allowing users to engage in governance, pay transaction fees, receive rewards by providing liquidity, and stake.
Overview
What is Glimmer (GLMR)?
GLMR Token Overview
How to Purchase Glimmer Token?
Understanding Glimmer (GLMR)
To grasp the concept of the Glimmer (GLMR) token, it is essential to delve into the world of Moonbeam first. Explore the latest technology news on NEWSLINKER.
Moonbeam stands out as an Ethereum-compatible smart contract parachain on Polkadot. It simplifies the utilization of popular Ethereum developer tools for creating or redeploying Solidity projects within a Substrate-based setting.
Moonbeam transcends mere EVM implementation, offering a specialized parachain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The platform goes beyond the basic Ethereum features by incorporating on-chain governance, staking, and cross-chain integrations.
Key Highlights of Moonbeam’s Ethereum Compatibility:
Smooth Transition: Existing Solidity smart contracts can be seamlessly utilized without the need for reconfiguration or rewriting.
Compatibility with Established Developer Tools: Integration with renowned tools like MetaMask, Hardhat, Waffle, Remix, and Truffle is facilitated through a comprehensive Web3 RPC suite. Popular JavaScript libraries such as Web3.Js or Ethers.Js can also be employed.
Unified Accounts and Signatures: Interaction with Moonbeam is made easy using existing Ethereum H160 accounts and ECDSA signatures.
Leverage Existing Polkadot Integrations: Benefit from oracles, bridges, wallets, and other tools already available on Moonbeam.
Moonbeam Network was established by Derek Yoo, the CEO of PureStake, a platform offering secure and reliable public blockchain infrastructure for blockchain application developers, projects, and businesses. Stefan Mehlhorn, a seasoned expert in early-stage company management and operations, assumes the role of Chief Operating Officer for Moonbeam and PureStake.
Glimmer coin emerges as the governance token within the Moonbeam ecosystem, empowering users to participate in various project decisions using the GLMR token.
GLMR Token Overview
Following its listing on Binance, GLMR coin garnered substantial interest as a governance token backed by a robust project. Insights into GLMR coin can be gleaned by examining current market prices.
How to Purchase Glimmer Token?
GLMR Coin can be swiftly and securely acquired through Binance, the world’s leading cryptocurrency trading platform in terms of trading volume.
To purchase GLMR Coin, users need to register on Binance, deposit fiat currency, such as US Dollars, and subsequently acquire GLMR by trading it against BUSD, Bitcoin (BTC), Binance Coin (BNB), or Tether (USDT).
Furthermore, users can place buy orders at values lower than the market price on Binance and finalize their purchases at their desired price. Simply navigate to the Limit tab, specify the desired amount and price, and complete the transaction.
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Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.