What is Moonbeam? Moonbeam is a smart contract platform built and developed compatible with EVM on Polkadot. Moonbeam is one of the projects that has surpassed hundreds of projects to become a Parachain on Polkadot.
So where is the attraction for Moonbeam to achieve such initial achievements? Let’s find out with Weakhand in the article below.
What is Moonbeam?
Moonbeam is a blockchain platform (smart contract platform) built to be EVM compatible and is an elite Parachain on Polkadot. With the presence of Moonbeam, projects and protocols on Ethereum or other EVM Blockchains can be easily built on Polkadot through Moonbeam with only a few small tweaks on the smart contract.
That’s why there are currently many multichain protocols such as Curve Finance, Lido Finance, Beefy, Connext, Acrytos, WePiggy,… present on Moonbeam’s ecosystem.
Core Team
Moonbeam’s development team is the development team of the validator service company PureStake and comes from China.
Derek Yoo: Co Founder
- Derek graduated with a Bachelor of Philosophy from the University of Pennsylvania.
- After graduating Derek became a Product Manager at Texcel. After that, Derek held high positions at companies such as Webyes, Breakaway Solutions, Fuze and Pure Stake.
Stefan Mehlhorn: Co Founder
- Stefan holds a degree in Business Administration from the Technical University of Muchen and a Master’s Degree in Chronic Science from the Technical University of Chemmnitz.
- Stefan has experience holding senior positions at many large companies and corporations such as GROUP Business Software AG, LoopPay, Samsung Pay, Candibell Inc. and PureStake.
Investor
March 30, 2021: The project announced its successful call for $6M, but the participating parties are unknown. Besides, Moonbeam has called for capital many times, but the amount and investment fund parties involved were not disclosed. According to sharing from the project side, there are a number of famous funds such as Coinbase Ventures, Binance Labs, KR1, Arrington XRP Capital, Hypershere that have invested in Moonbeam.
Tokenomics
Information about Moonbeam token
- Project name: Moonbeam Network
- Code: GLMR
- Blockchain: Moonbeam Network
- Total supply: Unlimited
Token Allocation
- Seed Funding: 14%
- Strategic Sale: 12%
- Public Sale: 16%
- Parachain Bond Funding: 15%
- Long Term Protocol & Ecosystem: 17%
- Developer Adoption Program: 4.5%
- Key Partner & Advisor: 4.5%
- Future Employee Incentives: 4.6%
- Founder & Early Employee: 10%
Exchanges
Currently, Moonbeam’s token (GLMR) is being traded on many exchanges such as Binance, Houbi, Gate.io, OKX, Bybit, Kraken and many other exchanges.
Moonbeam’s Information Channel
- Website: https://moonbeam.network/
- Twitter: @MoonbeamNetwork
- Telegram: https://t.me/Moonbeam_Official
- Discord:
Summary
Moonbeam plays an important role in Polkadot’s ecosystem as a magnet to attract projects and developers from Ethereum and other EVM Blockchains. However, Polkadot’s ecosystem still needs a lot of motivation to develop such as hackathons, grants or offline hackathon events.
