.MoonbeamNetwork debuts as Polkadot's smart contracts environment Polkadot $DOT
Upon the launch, Moonbeam becomes the first fully operational parachain on Polkadot. It completes a multiphase network roll-out that includes token transfer activation, removal of super keys for 100% decentralization and polishing compatibility with Ethereum Virtual Machine.
As covered by U.Today previously, Moonbeam deployed its"canary network" to Kusama, a Polkadot's sister chain.Moonbeam Network's team stresses that more than 80 projects are ready to launch on Moonbeam in the coming weeks: The weeks that follow the launch are expected to include the deployment of a variety of infrastructure projects including bridges, multisignature support, The Graph, Chainlink oracles, and more.
Moonbeam's crowdloan bid was backed by almost $1 billion locked by 200,000 supporters in a record-breaking auction.This massive contribution will be rewarded with 150,000,000 GLMR tokens. With the mainnet launch of Moonbeam, its tokens became tradeable on Gate.io and Binance. The first exchange saw its price rocketing to $570, which is 2,280 times higher than the price of September's token sale.
By the way, the majority of GLMR will be distributed linearly over a 96-week parachain lease period. Due to the full Ethereum compatibility of the network, GLR tokens can be transferred through Metamask and other mainstream wallets.
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