
Moonbeam (GLMR)
Key data
updated $0Moonbeam (GLMR) is a smart contract platform built as a parachain on the Polkadot network. Its main idea is to make it easy for developers to deploy Ethereum-compatible applications on Polkadot with minimal changes to their code. GLMR is the native token that powers the network, used for paying transaction fees, staking, and governance.
Frequently asked questions
What is Moonbeam and how is it different from Ethereum?
Moonbeam is a layer-1 blockchain running as a parachain on Polkadot. Unlike Ethereum, it's fully compatible with the Ethereum tooling ecosystem — Solidity, MetaMask, ethers.js — while also benefiting from Polkadot's shared security and cross-chain messaging. In practice, developers can port existing Ethereum dApps to Moonbeam with little to no code changes.
How does Moonbeam work technically?
Moonbeam uses a Nominated Proof-of-Stake (NPoS) consensus model inherited from Polkadot's Substrate framework. Collators maintain the parachain by producing blocks and passing them to Polkadot's relay chain validators, which finalize them. This design gives Moonbeam strong security without needing its own separate validator economy.
How is GLMR emission and supply structured?
GLMR has an inflationary supply model: new tokens are issued continuously to reward collators, stakers, and the on-chain treasury. A portion of every transaction fee is burned, which partially offsets the inflation. There was no fixed maximum supply cap at launch, so the tokenomics rely on this burn mechanism to balance issuance over time.
How can you store and use GLMR?
GLMR can be stored in wallets that support Moonbeam, including browser wallets like MetaMask (with the network added) and Polkadot.js, as well as hardware wallets. The token is used to pay gas fees for transactions and smart contracts, to stake with collators for rewards, and to vote on network governance proposals.