What is the issuance price and issuance amount of Moonbeam(GLMR) currency?

The Moonbeam (GLMR) network has a total supply of 1 billion tokens, with approximately 63% of the supply currently in circulation.

Nov 28, 2024 at 04:47 pm

Issuance Details of Moonbeam (GLMR)

Moonbeam is a highly anticipated parachain platform that seeks to establish a seamless bridge between Ethereum and Polkadot. Its native token, GLMR, is critical to the network's operation and governance. Understanding the issuance details of GLMR is essential for potential investors and network participants.

Mechanics of GLMR Issuance

Initial Coin Offering (ICO): Moonbeam's ICO was conducted in January 2021, raising a total of $6.8 million. GLMR tokens were sold at an initial price of $0.25. The ICO served as the primary means of initial distribution.

Issuance Amount

Total Supply: The total supply of GLMR tokens is capped at 1 billion.
Circulating Supply: As of February 2023, approximately 630 million GLMR tokens are in circulation, representing around 63% of the total supply.

Unlock Schedule

Seed Round: 20% of the total supply, released over a period of 36 months from the date of ICO.
Private Sale: 18% of the total supply, released over a period of 24 months from the date of ICO.
Strategic Sale: 10% of the total supply, released over a period of 12 months from the date of ICO.
Foundation: 13% of the total supply, used for ecosystem development and grants.
Team: 12% of the total supply, vested over a period of 4 years from the date of launch.
Community: 10% of the total supply, distributed through incentives, airdrops, and community initiatives.
Public Sale: 7% of the total supply, sold during the public ICO.

Factors Influencing GLMR Issuance

Market Demand: GLMR's issuance amount and price are influenced by market demand. Increased demand can lead to higher prices, while decreased demand can result in lower prices.
Network Development: The growth and development of the Moonbeam network can impact the value of GLMR. Positive developments can attract investors and increase demand for the token.
Utility and Governance: GLMR serves multiple functions within the Moonbeam network, including staking for security and participating in governance decisions. These functionalities add value to the token.
Competition: Moonbeam faces competition from other parachain platforms and Ethereum-compatible projects. Competition can affect GLMR's market share and value.

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