GLMR

Moonbeam is a blockchain platform that extends the base Ethereum feature set with additional features and capabilities, focusing on interoperability and compatibility. It acts as a parachain on the Polkadot network, allowing for seamless integration between the Ethereum and Polkadot ecosystems. This enables developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes.

The native token of Moonbeam, GLMR, is used for transaction fees, network governance, and incentivizing nodes to participate in the network's consensus mechanism. Token holders can vote on proposed upgrades and changes, influencing the platform's development trajectory.