Moonbeam Network, the first altcoin project that allows it to offer EVM-compatible smart contracts on Polkadot, has completed its launch and, worthy of its name, the altcoin price has reached the moon. For details cryptocoin.com keep reading.
Altcoin has completed the launch process and the price has skyrocketed
Moonbeam Network goes live on the mainnet in Polkadot (DOT). When will supporters be able to claim their first batch of bounties? According to the official announcement shared by the Moonbeam Network team, its architecture has finally been deployed to Polkadot’s mainnet.
After its launch, Moonbeam became the first fully functional parachain on Polkadot. It completes a multi-stage network implementation, including enabling token transfers, removing super keys (sudo) for 100% decentralization, and increasing compatibility with the Ethereum Virtual Machine (EVM). Moonbeam has placed ‘canary network’ Polkadot’s sister chain in Kusama. The Moonbeam Network team highlights that more than 80 projects are ready to start on Moonbeam in the coming weeks. The team made the following statement:
In the weeks following the launch, it is expected to include the deployment of various infrastructure projects, including bridges, multi-signature support, The Graph, Chainlink oracles, and more.
Moonbeam’s crowdfunding bid was backed by nearly $1 billion by 200,000 backers in a record auction. This great contribution will be rewarded with 150,000,000 GLMR. With the Moonbeam mainnet, its tokens are now tradable on Gate.io and Binance.
The initial exchange price skyrocketed to $570, which is 2,280 times higher than the token sale price in September.
Meanwhile, most of the GLMR will be linearly distributed over the 96-week parachain lease period. Due to the network’s full Ethereum compatibility, it can be transferred via GLMR, Metamask, and other mainstream wallets. On March 30, 2021, Moonbeam raised $6 million in private funds led by CoinFund. Binance Labs, ParaFi, Coinbase Ventures, Fenbushi Capital, and IOSG Ventures also supported the start-up in its fundraising efforts.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.