Moonbeam (GLMR) Price



Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.

Investors in Canada are reminded that no securities regulatory authority or regulator in Canada has assessed or endorsed any Crypto Contract or Crypto Asset made available through the Uphold Platform.

Token Description & Project Background

Moonbeam is a Polkadot-based smart contract platform. The protocol provides an Ethereum-compatible environment for building decentralized applications (dApps).With interoperability in mind, the protocol is designed to serve assets and users operating within cross-chain ecosystems. 

GLMR is the network’s utility token - it functions akin to the various other DPoS network tokens in that it is used to cover transactions fees as a ‘gas token’, to validate the network and participate in governance.

Moonbeam launched in June 2021 as a parachain on Kusama. Moonbeam and Moonriver both share a test net called Moonrock. Moonbeam was also built by PureStake and receives support from the Moonbeam Foundation similar to Moonriver; Moonbeam is a sister network to Moonriver, and is meant to be less experimental in nature. 

It was founded by Derek Yoo (CEO).

Risks of GLMR

Like an investment in other crypto assets, there are some general risks to investing in GLMR. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in GLMR is subject to the following specific risks:

  • As a parachain within the Polkadot ecosystem, any potential success associated with the GLMR token is dependent on the broader adoption rate of the Polkadot, Ethereum and Bitcoin ecosystems by developers and projects. Investors in GLMR should be aware that the Layer-1 space faces intense competition.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with GLMR. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The GLMR community, PureStake, and the Moonbeam Foundation are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of GLMR have no recourse to the GLMR community, PureStake, Moonbeam Foundation, or Uphold if GLMR declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing GLMR on the Uphold Platform, Uphold performed due diligence on GLMR and determined that GLMR is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of GLMR, including ensuring the source code being open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of GLMR.
  • Marketing materials put forward by the GLMR social team including, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with GLMR, including any code defects, security breaches and other threats concerning GLMR and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with GLMR, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of GLMR. 


Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 5, 2023.

How to buy Moonbeam (GLMR)

With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. 

Nothing could be easier.

Here’s how fast it is to get started:

1. Go to and click sign up.

2. Enter your email address and personal details. 

3. Click the link we send you and create a password

… and you’re off to the races!

Just start trading.

Get more coin for your coin

0% withdrawal fees

Low spreads

Learn more