Buy, Sell, & Trade GLMR
Exchange GLMR with USD and Cryptocurrency
Like any other cryptocurrency, you can trade and exchange GLMR for USD and other fiat currencies. You can do so by following these steps:
- Deposit the GLMR to a crypto exchange that supports it.
- Set up the trade pair you are interested in.
- Examine the exchange rates to see how much currency you will get for your GLMR.
- Accept the exchange if the rates seem acceptable to you.
Moonbeam is a breakthrough in cryptocurrencies since it has solved the main problem with blockchains: interoperability. In addition, Moonbeam has features that allow easy exchange of information with other blockchain networks. These efficiencies have led to its quick adoption.
GLMR is the native utility token for Moonbeam. It is vital in Moonbeam’s design, and it cannot be removed without compromising Moonbeam’s functionality. During the launch of Moonbeam, there was a total supply of a billion Glimmer tokens. A percentage of these tokens were preserved to ensure that Moonbeam reserves its parachain slot on the Polkadot network.
GLMR tokens serve some important functions, such as:
- Facilitating on-chain governance by enabling holders to propose agendas, vote on them, and even select council members.
- Paying transaction fees for smart contract execution fees.
- Providing support needed for gas metering of smart contract execution.
Moonbeam offers features and services that other blockchains do not, giving it a competitive advantage. Some of the advantages of Moonbeam include:
Ethereum Virtual Machine (EVM) Compatibility
Moving smart contracts from one network to another has been costly and time-consuming. Developers often choose not to move these contracts even when they could be beneficial in growing their protocols due to the challenges they will face. Moonbeam has, however, solved these problems and made work easier for developers.
Moonbeam is compatible with EVM. This means that developers with solidity-based smart contracts on EVM can easily move them to Moonbeam.
A substrate is a blockchain framework used by developers to build customized blockchains, and it is widely used for parachains in Polkadot. For example, Moonbeam is a substrate-based blockchain. This means that other apps within its network can benefit from the interoperability between Polkadot and other chains. It is even possible for developers to use substrate-compatible tools, such as block explorer, which is mostly used in Ethereum.
Supports Various Smart Contract Languages
Moonbeam’s primary language is Solidity. However, Moonbeam’s protocols support any other language, such as Vyper, that can compile into the EVM bytecode. This makes it easier for developers to migrate to the network since they can use a variety of programming languages.
Cross Chain Integrations
Moonbeam has become even more interoperable with its integration with different bridges, such as cBridge. These bridges allow protocols to migrate assets from one chain to another.
Who created GLMR?
Moonbeam was a project that was founded by Derek Yoo in January 2020 and launched in September 2020. It, however, did not gain popularity until 2021, when the Moonbeam community began their attempts to get a Parachain slot on the Polkadot blockchain. These efforts paid off since Moonbeam was eventually live on Polkadot in 2022 after users committed over a billion dollars in DOT tokens.
How do I exchange and trade Moonbeam?
There are different exchange platforms for users to choose from. When choosing an exchange platform, you must choose a platform that prioritizes the protection and privacy of its users. Also, as a trader, you need a platform that has experience dealing with large portfolios.
The liquidity of your platform is important, too, because it will dictate how fast you can trade and whether trading will be real-time or not. Rubix checks all these boxes. Once you find the right platform, you can choose whatever currencies and coins you want to trade and exchange.
Exchange GLMR using Rubix
Rubix is a digital cryptocurrency platform founded in 2018. Rubix uses unique encryption and multi-factor authentication to ensure that user data is safe. It is now easy to buy and sell Moonbeam with Rubix. You can follow these steps to get started:
- Open an account with Rubix.
- Ensure your account is funded. There are several ways to deposit funds into your wallets, such as using a debit card or direct funds transfer from your bank account or another crypto wallet. Whatever mode of transfer you choose, the Rubix will ensure that it is smooth and fast.
- Trade cryptocurrencies. The trades will appear on your dashboard, and you can buy and sell as you see fit.