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Founded in 2019, Moonbeam is a parachain of Polkadot which offers the ability to on-board Ethereum (Solidity) based smart-contracts.
What this means is that smart-contracts written in Ethereums coding language, known as Solidity, do not need to be re-written to work on Moonbeam. This is marketed as the ‘easiest path to multi-chain’ – something enticing to developers, as multi-chain means a broader audience for their projects.
Moonbeam notes that, ‘For many developers and projects, an Ethereum-compatible smart contract approach will be much simpler and faster to implement. And by building these smart contracts on Moonbeam, developers can still integrate with other chains and get value from Polkadot-based network effects’.
Moonbeam lists the following as key features and functionality of its offering,
- Decentralized and Permissionless
- Contains a Full EVM Implementation
- Implements the Web3 RPC API
- Compatible with the Substrate Ecosystem Toolset
- Native Cross-Chain Integration
- On-Chain Governance
For the Moonbeam network to work, it makes use of a native utility token known as Glimmer ‘GLMR’. These tokens not only allow for holders to play a role in governance through various voting rights, but also to pay transaction fees, incentivize node operators, and more.
The team at Moonbeam is comprised of over 30 individuals, bringing a wealth of experience to the table. Operations are spearheaded by CEO, Derek Yoo. To learn more visit our Investing in Moombeam guide.
We list the top 5 exchanges that offer the ability to buy Moonbeam (GLMR) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Moonbeam (GLMR) here are both lower fees than competing exchanges, and increased liquidity enabling you to buy and sell quickly to take advantage of market moving news.
This exchange is best for investors residing in Australia, Canada, Singapore, UK & internationally. USA residents are prohibited from purchasing Monbeam (GLMR).
Use Discount Code: EE59L0QP for 10% cashback off all trading fees.
KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading. It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
KuCoin currently offers Moonbeam (GLMR) cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens.
This exchange currently accepts USA residents.
Established in 2013, Gate.io has grown in to a reputable trading platform. While it is not the most popular exchange, it provides users with an easy to use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including Moonbeam (GLMR), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.
This exchange currently accepts Australia & UK residents.
USA & Canada residents are prohibited.
Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents.
Huobi Global is one of the top exchanges that currently offers Moonbeam (GLMR) trading opportunities.
WazirX (INDIA Only)
WazirX is India’s biggest cryptocurrency exchange with over 400,000 users and they are expanding rapidly. They are one of the most reputable exchanges that currently offers Moonbeam (GLMR) trading opportunities and they currently accept clients from all over the world. This exchange is part of the Binance Group, which ensures a high standard of quality.
USA residents are prohibited.
Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.
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