The Glimmer (GLMR) is the native utility token of the Moonbeam network, a smart contract parachain compatible with Ethereum on the Polkadot network.
Key Information about Glimmer (GLMR)
Operating network: Moonbeam, which operates as a parachain on the Polkadot network, enabling interoperability between Ethereum and Polkadot blockchains.
Ethereum compatibility: Moonbeam offers an EVM (Ethereum Virtual Machine) compatible environment that allows developers to deploy existing Solidity smart contracts and Ethereum dApps with minimal modifications, thus benefiting from Polkadot's shared security and scalability.
Token Utility: The GLMR token is essential for the operation of the Moonbeam network. Its main uses are as follows:
Payment of transaction fees (gas fees).
Participation in the governance of the network (referendum proposals, votes, election of council members).
Staking to secure the network and reward collators (validators).
Integrations and cross-chain connectivity. $GLMR
