What is Moonbeam?

Symbol: GLMR · Market cap rank: #928

Short answer

Moonbeam (GLMR) is a cryptocurrency currently ranked #928 by market capitalisation.

Source: isthiscoinascam.com

Overview

Moonbeam, founded in 2020, is a Layer 1 blockchain that integrates Ethereum's Web3 features such as RPC, accounts, and keys while adding elements like on-chain governance and staking. It operates as a parachain within the Polkadot ecosystem and emphasizes interoperability with cross-chain functionalities.

The project leverages the known development tools of Ethereum to facilitate ease of use for developers. Moonbeam's architecture aims to combine scalability and compatibility, supporting various decentralized applications and services. Specific details regarding the supply cap and governance model are not provided.

Scam-risk analysis

Moonbeam has a moderate score — some risk signals were raised but no critical concerns. Is Moonbeam a scam?

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