Moonbeam
Crypto Overview
Project Overview
Moonbeam is a smart contract platform built on Polkadot that aims to provide Ethereum compatibility and cross-chain interoperability. It allows developers to deploy existing Ethereum dApps with minimal changes while leveraging Polkadot's security and cross-chain capabilities.
Intended Utility
GLMR serves multiple purposes within the Moonbeam ecosystem: It's used for transaction fees, staking to secure the network, governance voting, and as collateral for parachain operations. The token provides clear utility for network operations and community participation.
Actual Utility Assessment
Moonbeam shows significant real-world adoption and usage: The network processes thousands of daily transactions, hosts numerous active dApps, and maintains a robust developer community. Major projects like Astar Network, Acala, and multiple DeFi protocols actively utilize Moonbeam's infrastructure.
Token Distribution and Governance
The initial token distribution allocated 40% to the treasury and future development, 30% to strategic investors with vesting schedules, and 30% to community initiatives and ecosystem development. Vesting periods for team and investors range from 2-3 years, showing commitment to long-term development.
Development Activity
Moonbeam maintains active development with regular updates, protocol improvements, and new feature implementations. The project has a transparent roadmap and consistent github activity, indicating genuine technological development rather than pure marketing focus.
Revenue Model
The platform generates revenue through transaction fees and parachain slot auctions, which are permissible under Islamic finance principles as they represent payment for actual services and network security.
Crypto Impact
To assign a comfort level investing in Moonbeam from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Moonbeam.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.