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What is the issuance amount of Moonbeam(GLMR) coins?
Moonbeam's interoperable smart contract platform on Polkadot provides developers with the ability to create scalable decentralized applications, utilizing a predefined and capped supply of 1 billion GLMR coins.
Nov 29, 2024 at 06:18 am
Understanding Moonbeam (GLMR) Coin Issuance and Tokenomics
Moonbeam is a community-driven, fully decentralized, and interoperable smart contract platform on the Polkadot network. By connecting to Moonbeam, developers can create scalable and cross-chain decentralized applications (dApps) that benefit from the full capabilities of Polkadot's ecosystem.
Issuance Amount of Moonbeam (GLMR) Coins
The total issuance amount of Moonbeam (GLMR) coins is capped at 1 billion GLMR. This predetermined supply ensures that the value of GLMR is not diluted through excessive issuance.
Tokenomics of Moonbeam (GLMR)
The tokenomics of GLMR are designed to support and maintain the growth and stability of the Moonbeam ecosystem. The allocation of GLMR tokens is as follows:
- Network Operations: 15% (150 million GLMR)
- Parachain Auction: 10% (100 million GLMR)
- Foundation and Funding: 15% (150 million GLMR)
- Team and Advisors: 15% (150 million GLMR)
- Sale Backing DOT Contributions: 55% (550 million GLMR)
Token Distribution and Use Cases
GLMR coins have a variety of use cases within the Moonbeam ecosystem, including:
- Network Governance: Staking GLMR allows token holders to participate in network governance and vote on proposed changes.
- Transaction Fees: GLMR is used to pay transaction fees on the Moonbeam network.
- Staking Rewards: Staked GLMR earns staking rewards, further incentivizing network participation.
- Developer Incentives: GLMR grants provide incentives to developers building and deploying dApps on Moonbeam.
- Ecosystem Growth: The Moonbeam Foundation uses GLMR to fund ecosystem development initiatives and support the adoption of Moonbeam.
Conclusion
The issuance amount of Moonbeam (GLMR) coins is 1 billion. The tokenomics of GLMR are meticulously designed to foster a self-sustaining and growing ecosystem, with GLMR coins serving as the backbone for network operations, developer incentives, and ecosystem growth. By leveraging the interoperability and scalability of Polkadot, Moonbeam opens up new possibilities for blockchain innovation and interchain connectivity.
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