About Moonbeam Network:
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 is an Ethereum-compatible, smart-contract parachain on Polkadot.
It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonbeam to existing Ethereum networks.
This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes.
Token symbol：GLMR
Website：https://moonbeam.network
Moonbeam Network(GLMR) Trading starts: 11th Jan, 2022 (UTC) (The trading will start once the circulation supply meets the Minimum requirement)
Deposit Moonbeam Network(GLMR) at：https://www.gate.io/myaccount/deposit/GLMR
Trade Moonbeam Network(GLMR) in USDT market via:https://www.gate.io/cn/trade/GLMR_USDT
Trade Moonbeam Network(GLMR) in ETH market via:https://www.gate.io/cn/trade/GLMR_ETH
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Gate will open an Automated Market Maker (AMM ) for GLMR , and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from liquidity pool transaction fee and GT token rewards from liquidity reward pool. High annual rate rewards with security.
AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automated market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate.io will continue to add different currencies, please pay close attention to follow-up announcements.
The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
1) Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
2) A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
3) Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
4) Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
5) Liquidity providers can take bonus and withdraw at any time
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Gate.io Team
11th Jan, 2022
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