Network Tokens

Glimmer and Moonriver

The Utility Tokens of the Moonbeam and Moonriver Networks

Glimmer (GLMR)

Deployment Network: Moonbeam
Relay Chain: Polkadot

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 will launch after Moonriver, it’s “Canarynet.”

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Moonriver (MOVR)

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 will mirror that of Moonbeam.

 

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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

How to Get Glimmer & Moonriver

The Moonbeam Foundation is administering all information on the distribution, supply, and other token economic behaviors of Glimmer and Moonriver. As part of this responsibility, the Moonbeam Foundation will lead and coordinate plans for a public sale of Moonbeam’s GLMR token and a crowdloan of Moonriver’s MOVR token. Further information, including location and timing for these token events, will be published on that website as it becomes available.