xcKSM (XCKSM)

xcKSM (XCKSM) is a utility token that powers the Moonbeam platform, a cross-chain connected smart contract platform built on Polkadot. It enables developers to easily expand their projects to new chains without the need to rewrite or reconfigure their existing smart contracts. With support for popular smart contract languages like Solidity and Vyper, developers can use familiar tools such as MetaMask, Remix, and Truffle. The platform also offers pre-built integrations for assets like DOT and ERC-20s, as well as infrastructure services like Chainlink and The Graph.

Moonbeam is an Ethereum-compatible Layer 1 chain that provides a fully Ethereum-compatible environment on Polkadot. It mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, and logs while extending the base Ethereum feature set with additional functionalities such as on-chain governance, staking, and cross-chain integrations. This allows projects to address segments of their market that may be out of reach on Ethereum due to high gas prices. Moonbeam also offers interoperability with other blockchains, both within the Polkadot ecosystem and through connections like Axelar, Wormhole, and LayerZero.

The Moonbeam platform operates on the Glimmer token (GLMR) as its native network token. GLMR is essential for the functioning of the network, as it is used to pay for smart contract execution, transaction fees, and staking. The token also enables participants to participate in on-chain Glimmer-weighted voting and governance. Developers and teams looking to build on or integrate with Moonbeam can take advantage of exclusive partnerships, grants, and support programs provided by the Moonbeam Foundation.