What is GLMR
Tokens
GLMR (Moonbeam)
Moonbeam is an Ethereum-compatible, smart contract parachain on Polkadot.
I. Project Introduction
Moonbeam is an Ethereum-compatible, smart contract parachain on Polkadot.
II. Token Information
1) Basic Information
Token name: GLMR (Moonbeam)
Total supply: 1,000,000,000
Tokens in Circulation: 77,995,060
2) Token Distribution and Token Release Schedule:
| Party | % of the total | Token Release Schedule |
| Seed Funding | 14.000% | Seed funding completed in September 2020. Subject to 24-month vesting schedule from network launch with a 3-month lock and equal vesting in months 3–24. |
| Strategic Funding | 12.000% | Strategic funding completed in March 2021. Subject to 12-month vesting schedule from network launch with a 2-month lock and equal vesting in months 2–12. |
| “Take Flight” Community Event | 9.800% | Take Flight completed in September 2021. Subject to a 40-day lock with no vesting schedule. Unused tokens have been reallocated to Long-term Protocol & Ecosystem Development.” |
| 2021 Moonbeam Crowdloan | 15.000% | 15% of the network is allocated to reward 2021 Moonbeam crowdloan contributors. 30% of tokens were distributed at network launch (when transfer and EVM were enabled), and the following 70% vest linearly on a block-by-block basis over the life of the lease (96 weeks). |
| Parachain Bond Funding | 3.000% | Tokens under Foundation control to be used to pay for the DOTs required for the Moonbeam parachain slot in years 3-6. These payments may take the form of interest payments to borrow DOTs for the required parachain bond or rewards for crowdloan participants. These funds will act as a backstop to ensure that our parachain slot is funded for years 3-6. Unused funds can be used for other Foundation protocol adoption initiatives. |
| Parachain Bond Reserve | 0.50% | Tokens for parachain bond purposes. 30% of the approx. 5% annual inflation (or 1.5% of total supply) will automatically flow into this fund to be used for parachain slot sustainability. See the transparency page for more detail on the Foundation’s parachain sustainability plans. |
| Treasury | 0.50% | Initial funds for the onchain treasury that can be used to fund public goods using onchain governance. 20% of spent network fees will automatically flow into this fund (the remaining 80% of spent fees are burned). |
| Long-Term Protocol & Ecosystem Development | 16.70% | Tokens to be used by the Moonbeam Foundation for protocol development and other programs. See the transparency page for more detail. |
| Liquidity Programs | 5% | Tokens for liquidity programs to incentivize growth and adoption on Moonbeam. This allocation will help accelerate activity in the Moonbeam and ecosystem. |
| Developer Adoption Program | 3.60% | Funds used as pre-launch incentives for developers and projects that were early Moonbeam adopters. Subject to vesting (2-year monthly linear vest). Unused tokens from the original 45 million GLMR allocation will be allocated to other community initiatives under “Long-Term Protocol & Ecosystem Development. |
| Key Partners & Advisors | 3.90% | Reserved for strategic partners and advisors. Advisors are subject to a 24-month vesting schedule from network launch, with a 7-month lock and equal vesting in months 7–24. Strategic partners are subject to a 12-month vesting schedule from network launch, with a 2-month lock and equal vesting in months 2–12. Seed partners are subject to a 12-month vesting schedule from network launch, with a 3-month lock and equal vesting in months 3–24. |
| PureStake Early Backers | 1.40% | Subject to 24-month vesting from network launch, with a 7-month lock and equal vesting in months 7–24. |
| Founders and Early Employees | 10% | Founders and PureStake employees. Subject to a 4-year vesting schedule from network launch with a 1-year cliff and monthly vesting thereafter. |
| Future Employee Incentives | 4.60% | Future employee token incentive pool. Future issues from this pool will be subject to a 4-year vesting schedule from network launch or grant date (whichever is later) with a 1-year cliff and monthly vesting thereafter. |
III. Related Links
Official Website: https://moonbeam.network
Blockchain explorer Links: https://moonbeam.subscan.io/
Whitepaper Link: https://docs.moonbeam.network
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.
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