Moonbeam is a blockchain that functions as a Polkadot parachain, is EVM compatible, and is built on Substrate. Glimmer (GLMR) serves as the network’s utility and governance token. Users have the ability to engage in governance activities, cover transaction fees, earn rewards by providing liquidity, and participate in staking.
What is Glimmer (GLMR)?
GLMR Coin Overview
How to Purchase Glimmer Coin?
To comprehend the Glimmer (GLMR) token, it is essential to first delve into Moonbeam. Moonbeam is a smart contract parachain compatible with Ethereum on the Polkadot network. It simplifies the process of utilizing popular Ethereum developer tools to deploy Solidity projects within a Substrate environment.
Moonbeam is more than just an EVM implementation. It functions as a specialized parachain that replicates Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The platform enhances the core Ethereum features with additional functionalities such as on-chain governance, staking, and cross-chain integrations.
Key highlights of Moonbeam’s Ethereum compatibility include:
– Minimal Changes: Developers can seamlessly utilize existing Solidity smart contracts without the need for rewriting or reconfiguring.
– Utilization of Existing Developer Tools: Popular tools like MetaMask, Hardhat, Waffle, Remix, and Truffle can be connected through a comprehensive Web3 RPC set. JavaScript libraries such as Web3.Js or Ethers.Js can also be utilized.
– Unified Accounts, Addresses, and Signatures: Existing Ethereum H160 accounts and ECDSA signatures can be used to interact with Moonbeam.
– Integration with Polkadot Ecosystem: Existing oracles, bridges, wallets, and other tools built on Moonbeam can be utilized.
Moonbeam Network was established by Derek Yoo, the CEO of PureStake, a platform that offers secure and reliable public blockchain infrastructure for blockchain application developers, projects, and businesses. Stefan Mehlhorn, an expert in early-stage company management and operations, serves as the Chief Operating Officer for both Moonbeam and PureStake.
Glimmer coin functions as the governance token within the Moonbeam ecosystem, enabling users to participate in various project decisions using the GLMR token.
GLMR Coin Overview
Following its listing on Binance, GLMR coin has attracted significant attention as a governance token supported by a robust project. Insights into GLMR coin can be gained by examining current prices.
How to Purchase Glimmer Coin?
GLMR Coin can be easily and securely acquired through Binance, the leading cryptocurrency trading platform by trading volume.
To purchase GLMR Coin, one must first become a member of Binance and deposit fiat currency. After depositing fiat currency like US Dollars, users can acquire GLMR by trading in BUSD, Bitcoin (BTC), Binance Coin (BNB), or Tether (USDT), against which GLMR is traded.
Furthermore, users can place a buy order at a lower value than the market price on Binance and finalize their purchases at their preferred price. To do so, simply utilize the Limit tab, enter the desired amount to buy, and specify the price.
Stay updated on our news via Telegram, Facebook, Twitter & Coinmarketcap.
Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks with cryptocurrencies and should conduct their own research.
