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Singapore – December 5, 2023 – Moonbeam, the top destination for multi-chain applications on Polkadot, has announced a new integration with the Subsocial parachain. This connection, enabled by Polkadot’s unique cross-consensus messaging (XCM), brings the SUB token to Moonbeam for use in the dApps deployed there. This bi-directional HRMP channel with Subsocial reinforces Moonbeam’s position as the activity hub for parachains on Polkadot.

Subsocial is an open platform that allows for the integration of user-friendly Web3 social features into existing applications, or the creation of brand new socially-powered apps from the ground up. In fact, Subsocial’s innovative UX solutions make using Web3 so simple, even your grandma can use it (give a try and see for yourself)! By providing all of the native features required for creating decentralized social experiences, Subsocial allows developers to focus on building apps, not on re-inventing the wheel, and helps them stand out from the competition by delivering a user-centric social experience.

We are happy to work with Moonbeam to integrate our SUB tokens into the ecosystem, allowing new users to enter our community and participate in our Creator Staking system, helping us curate content and grow the network!

said Alex Siman, Subsocial Founder.

Integrating XCM (cross-consensus messaging) between Moonbeam and Subsocial brings benefits to Moonbeam users by expanding their access to decentralized social networking capabilities and a thriving ecosystem of social applications. SUB holders can use their tokens in Moonbeam dApps, and users can access tokens via DEXes on Moonbeam.

About the Moonbeam Network

Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot, and more into a single platform, Moonbeam solves today’s fragmented user experience — unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.