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Moonbeam is a Polkadot-based smart contract-enabled parachain offering seamless Ethereum compatibility and interoperability. As a decentralized protocol, Moonbeam operates through the native Glimmer token (GLMR). As a multi-utility token, GLMR token holders can secure or contribute to the network. Also, as Moonbeam is yet to launch its mainnet services, developers can use its sister network, Moonriver. Operating live on Kusama, developers can experience the services through Moonriver, soon to be available on the Moonbeam mainnet. Moonriver smart contracts and the native Moonriver token (MOVR) tokenomic structure operate very similarly to Moonbeam. But, what is Moonbeam doing to offer such competitive Ethereum interoperability services?

Despite Polkadot launching the Genesis block of its network just last year, the project has since gone from strength to strength. Recently, Polkadot’s native DOT token has surged to establish Polkadot as the fourth-largest cryptocurrency by market cap. What’s more, the sheer number of Polkadot projects that have already risen to prominence is remarkable.

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