AirGap Has Integrated Moonbeam

Moonbeam has been integrated into AirGap. Moonbeam is a para-chain in the Polkadot ecosystem. It is an L1 blockchain solution that extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations.

AirGap now supports Glimmer (GLMR), which is the native token of the Moonbeam network. When it comes to maintaining and managing the Moonbeam network, GLMR plays a critical role.

GLMR serves the following purposes for the Moonbeam ecosystem:

— Payment of transaction fees: All transaction fees on the Moonbeam ecosystem are paid using GLMR.

— Execution of smart contracts: GLMR is used to pay for smart contract execution, playing the same role that ETH and BNB on Ethereum and BSC.

— The incentive for collators to produce blocks to support the network: Nomination of collators using the GLMR token helps the liveness of the network.

— Facilitation of Moonriver’s on-chain governance system: Participation in on-chain Glimmer-weighted voting and governance.

Staking GLMR in AirGap

For our users ready to stake their GLMR, here is what you need to know and how to go about it in AirGap.

Key Staking Considerations:

• Minimum delegation per candidate: 50 GLMR.
• Maximum delegators per candidate: 300 GLMR.
• Choose the collator you trust.
• Depending on your collator, there is a commission on profit made through delegation, 20% for the default collator in AirGap.
• A new delegation is required to compound your GLMR rewards (no auto compound).
• You have the option to unbond/undelegate your GLMR at any time. However, your funds will not be transferable until seven days.
• The reward you will earn is determined by the collator you choose.
• Rewards start coming at 12–18 hours.
• Learn more

About Moonbeam Network

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot.

About Air Gap

AirGap is a self custody made simple and secure – protect your crypto and store your private keys offline. It’s time to set up your safe place for your coins and get rewards.

➡️Source:
https://airgapit.medium.com/airgap-integrates-moonbeam-94daf2987158