An eagerly anticipated Polkadot-based project is lighting up the night sky after crypto exchange Binance announced plans to list the token.
Moonbeam (GLMR) is a smart contract platform compatible with the Ethereum Virtual Machine (EVM) that functions as a Polkadot parachain. The project goes beyond Ethereum’s base features by also offering staking, on-chain governance and cross-chain integrations.
The project highlighted its launch via a series of tweets.
“Moonbeam is the first fully operational parachain on Polkadot.
Moonbeam’s successful launch follows a broadly supported crowdloan campaign hosted by the Moonbeam Foundation! 35M+ DOT tokens (~$944M USD at the time the crowdloan ended) were contributed from 200k contributors worldwide.”
Moonbeam has since corrected and currently trades for $13.47 for an overall gain of 27.4% since first being listed.
Polkadot (DOT) is the #9 crypto asset by market cap and valued at $25.72. The interoperability project recently launched its parachain feature.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia