What is the GLMR token used for?

What is GLMR token?

GLMR is the native token of Moonbeam Network.

What is the GLMR token used for?

  • Transaction fees
  • Incentivising collators
  • Fund parachain slot
  • Governance mechanisms

What is Moonbeam?

Moonbeam is an EVM compatible parachain for multichain dApps on Polkadot.

How does Moonbeam work?

Moonbeam will make it easy to deploy and use Ethereum projects on Polkadot.

The network is launching with a crowdloan for a parachain slot.

Moonbeam’s sister network Moonriver is already deployed and running on Kusama.

Transaction fees

  • 80% Burned
  • 20% Treasury (governance controlled)

Inflation

  • 2,5% – Stakers
  • 1,5% – Parachain bond reserve (to fund it in perpetuity)
  • 1% – Collators

Collators

  • Collators validate transactions on the network.
  • Users stake tokens to vote on collators.
  • 20% of inflation (5% annual) goes to collators
  • 50% of inflation (5% annual) goes to users who stake

Crowdloan

On Polkadot projects bid for a parachain slot by locking DOT tokens in a crowdloan.

  • (DOT Contribution/Total DOT Contributions) * 100M GLMR
  • 30% unlocked, 70% vested over 96 weeks.

GLMR Tokenomics

Minted supply: 100 000 000 tokens

Inflation: 5% uncapped supply

Distribution

  • 14% – Seed funding
  • 12% – Strategic funding
  • 10% – Take flight event
  • 10% – Crowdloan
  • 5% – Parachain bond funding
  • 0.5% – Parachain bond reserve
  • 0.5% – Treasury
  • 15% – Development
  • 8% – Liquidity programs
  • 4.5% – Developer adoption program
  • 4.5% – Key partners
  • 1.4% – Early backers
  • 10% – Founders
  • 4.6% – Future employees

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