What Exactly is Moonbeam (GLMR)?

Moonbeam or GLMR Coin (Trade GLMR with MEXC Global) is a polkadot parachain designed for developers. This allows developers to port their projects with minimal code changes, leveraging the Polkadot ecosystem and all its assets. In this article, we will discuss the core features and general tokenomics of the Moonbeam coin project, buying GLMR or earning on MEXC. Basic information about the token can be found on MEXC's Introductory Digital Assets page.

Moonbeam is more than just an EVM implementation, it is a highly specialized Layer 1 chain that reflects Ethereum's Web3 RPCs, accounts, keys, subscriptions, protocols, and more. The Moonbeam platform extends basic Ethereum functionality with additional features such as on-chain governance, staking and cross-chain integration.

GLMR Tokenomics
GLMR is a native Moonbeam asset. This token is central to Moonbeam's design and cannot be removed without sacrificing important functionality. Use of Moonbeam tokens includes support for gas metering in smart contract execution. It will also incentivize collaborators to create a decentralized node infrastructure to run the platform. In addition, it facilitates on-chain governance mechanisms including referendum proposals, council elections, voting, etc. Users can also use tokens to pay network transaction fees

How to buy Moonbeam (GLMR)
You can buy Moonbeam (GLMR) on MEXC by following the steps:

Log in to your MEXC account and click [Trade]. Click on [Spot].
Search “GLMR” using the search bar to see the available trading pairs. Take GLMR/USDT as an example.
Scroll down and go to the [Spot] box. Enter the amount of GLMR you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy GLMR] to confirm your order. You will find the purchased GLMR in your Spot Wallet.