An eagerly anticipated Polkadot-based venture is lighting up the night time sky after crypto change Binance introduced plans to listing the token.
Moonbeam (GLMR) is a brilliant contract platform appropriate with the Ethereum Digital Machine (EVM) that features as a Polkadot parachain. The venture goes past Ethereum’s base options by additionally providing staking, on-chain governance and cross-chain integrations.
The venture highlighted its launch by way of a sequence of tweets.
“Moonbeam is the primary absolutely operational parachain on Polkadot.
Moonbeam’s profitable launch follows a broadly supported crowdloan marketing campaign hosted by the Moonbeam Basis! 35M+ DOT tokens (~$944M USD on the time the crowdloan ended) have been contributed from 200k contributors worldwide.”
The freshly minted altcoin was launched yesterday at a worth of $10.57, then surged by 84.4% to a excessive of $19.50.
Moonbeam has since corrected and at the moment trades for $13.47 for an total acquire of 27.4% since first being listed.
Moonbeam’s sister venture Moonriver (MOVR) additionally noticed its worth go vertical after being listed by Binance again in early November. MOVR operates on Kusama (KSM), Polkadot’s canary community.
Polkadot (DOT) is the #9 crypto asset by market cap and valued at $25.72. The interoperability venture not too long ago launched its parachain characteristic.
Binance says GLMR might be accessible within the Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) buying and selling pairs.
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Featured Picture: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
