Glimmer and Moonriver
The Utility Tokens of the Moonbeam and Moonriver Networks
Deployment Network: Moonbeam
Glimmer (GLMR) is the utility token of the Moonbeam Network, Moonbeam’s primary deployment on the Polkadot network that serves as a developer-friendly parachain. Moonbeam completed its launch in January 2022.
Deployment Network: Moonriver
Relay Chain: Kusama
Moonriver (MOVR) is the utility token of the Moonriver Network, Moonbeam’s Kusama deployment that serves as a “CanaryNet” to the Moonbeam Network. As such, the token utility behaviors on Moonriver mirror that of Moonbeam.
Glimmer & Moonriver Utility
As decentralized smart contract platforms, Moonbeam and Moonriver require their utility tokens, GLMR and MOVR, to properly operate. Holding these utility tokens serves as the gateway for network participants to access their corresponding network’s vital functions.
GLMR and MOVR are needed to perform the following functions:
Pay transaction fees to access and support network operations
Incentivize collators, the full nodes responsible for maintaining parachains on Polkadot and Kusama
Support the gas metering of smart contract execution
Facilitate on-chain governance mechanisms by proposing referenda, voting, electing council members, and more
Power the mechanics needed to create the decentralized node infrastructure on which the networks operate
All information made available, including claims, content, designs, algorithms, estimates, roadmaps, specifications, and performance measurements described in this project are provided for informational purposes only. It is up to the reader to check and validate the accuracy and truthfulness. Furthermore, nothing in this project information constitutes a solicitation for investment. No developer or entity involved in creating the Moonbeam Network or Moonriver Network or authoring this information will be liable for any claims or damages whatsoever associated with your use, inability to use, or your interaction with other users of, the Moonbeam Network or Moonriver Network or any information made available on this website, including any direct, indirect, incidental, special, exemplary, punitive or consequential damages, or loss of profits, cryptocurrencies, tokens, or anything else of value. All information contained herein is subject to modification without notice.