What is the native currency of Moonbeam?

Moonbeam stands as a prominent smart contract platform, built upon the robust foundation of Polkadot. This integration allows Moonbeam to harness the scalability and interoperability features inherent in Polkadot's architecture.

At the heart of Moonbeam's ecosystem lies the Glimmer token, abbreviated as GLMR. This digital asset serves as the native currency within the Moonbeam network, facilitating seamless transactions and interactions across various decentralized applications.

The GLMR token not only acts as a medium of exchange but also plays a pivotal role in securing the Moonbeam network through staking mechanisms. Users can stake their GLMR to participate in consensus processes, ensuring the integrity and decentralization of the blockchain.

Moonbeam's commitment to innovation and user-friendliness extends to its comprehensive support for Ethereum-compatible smart contracts. This compatibility encourages the migration of existing Ethereum-based projects and developers to the Moonbeam platform, fostering a vibrant and diverse ecosystem.

Moreover, Moonbeam boasts a robust infrastructure designed to accommodate high transaction throughput and low latency. These technical advancements make Moonbeam an ideal choice for building and deploying decentralized applications that require scalability and speed.