What is Moonbeam and how does it work?

As a decentralized smart contract platform, Moonbeam requires a utility token to function. The network token, Glimmer (GLMR), is central to the design of the network and can’t be removed without sacrificing security and essential functionality. Glimmer is used to pay for smart contract execution, playing the same role that ETH does on Ethereum.

What is Moonbeam on Polkadot?

Expand to new chains. Powered by Moonbeam, an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam is much more than just an EVM implementation: it’s a highly specialized Layer 1 chain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more.

What is Moonbeans (Moonbeans)?

MoonBeans is one of the leading NFT marketplaces in the Moonriver and Moonbeam network, the first EVM compatible parachains built on Kusama and Polkadot. MoonBean’s reflection based tokenomics allow users to earn reward dividends by simply holding Beanie NFTs and and MoonBeans tokens in their wallets.

What is moonbean token?

MoonBean’s reflection based tokenomics allow users to earn reward dividends by simply holding Beanie NFTs and and MoonBeans tokens in their wallets. MoonBeans token $BEANS and Beanies NFTs also allows users to participate in the governance system – vote for new rewards, fee structures, and more.