Frequently Asked Questions

Moonbeam Tokens and Tokenomics

What is the Glimmer token and what is it for?

Glimmer (GLMR) is the native platform token for Moonbeam. Since the network is pre-launch, it is not yet available or in circulation. Glimmer will be a utility token, serving much the same purpose as ETH serves on Ethereum plus added Polkadot functionality like staking and on-chain governance functions. Read more about Glimmer.

Where can I buy your token, Glimmer (GLMR)?

The Glimmer token is not yet available. Final token distribution mechanisms, plans, and dates are still TBD. Please do your research and be wary of anyone offering you Glimmer tokens, since these offers are more than likely a scam. Detailed information on the planned token allocation for Glimmer is now available.

Is Glimmer an ERC-20 token?

The Glimmer token is not an ERC-20 currently. Once we have launched and the bridges connecting Polkadot to Ethereum are up-and-running, it will be possible to move Glimmer and other tokens on Moonbeam to Ethereum as ERC-20s.

When is the public token sale?

The Moonbeam Foundation is expected to be able to offer a public distribution shortly before the launch of the Moonbeam network. Currently, that timing is approximately Q3 2021 (this summer/fall).

Where will you be conducting the public token sale?

The Moonbeam Foundation is currently working with trusted third-parties to ensure the most accessible, fair public sale possible, but details are still TBD. Updates will be released via the Moonbeam public channels as more details are finalized, and you will get the latest information well in advance.

Will there be a crowdloan for Moonbeam and GLMR tokens in addition to the public sale?

The Moonbeam Foundation has not finalized details for this yet. The community will be updated once there is a clear plan.

What is the Moonriver (MOVR) token?

Moonriver (MOVR) is the utility token of the Moonriver network. Moonriver is intended as a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.

Ask a Question