$GLMR
Glimmer (GLMR) is the native utility token of the Moonbeam Network, a smart contract platform on Polkadot designed for Ethereum compatibility.
Purpose:
-Powers transactions, smart contracts, and governance on Moonbeam.
-Used for paying gas fees, staking, and incentivizing collators (validators).
Tokenomics:
-Total Supply: ~1 billion GLMR (fixed cap).
-Inflationary Model: Annual staking rewards (~5% initially) to secure the network.
-Allocation: 30% to crowdloans, 24.5% to developers, 19.5% to parachain auctions, etc.
Moonbeam Network:
-EVM Compatibility: Allows Ethereum developers to deploy dApps with minimal changes.
-Cross-Chain: Integrates with Polkadot’s ecosystem (e.g., XCM for interoperability).
Use Cases:
DeFi, NFTs, and multi-chain applications.
Staking:
Users can stake GLMR to earn rewards and participate in network security via collators.
Governance:
GLMR holders vote on proposals (e.g., treasury spending, protocol upgrades).
Recent Developments (as of 2025):
-Adoption: Growing DeFi projects (e.g., StellaSwap, Moonwell) and NFT platforms.
-Upgrades: Enhanced cross-chain capabilities via Polkadot 2.0 integrations.
-Partnerships: Collaborations with major blockchain projects for interoperability.
