What is VOUCHER GLMR(VGLMR)?

Basic information about VGLMR

Coin name:

Voucher GLMR

Coin symbol:

Coin introduction:

vGLMR (voucher GLMR) is a liquid staking derivative (LSD) of staked GLMR, with fully underlying GLMR reserve and yield-bearing feature of GLMR staking reward. Users can deposit GLMR into Bifrost SLP protocol and get vGLMR as return, vGLMR can be traded in the open market or be redeemed back to GLMR. Holding vGLMR equals to holding the GLMR staking position, staking rewards appriciate the exchange price of vGLMR. Why vGLMR? 1. Liquid Staking The product allows users to stake GLMR for liquid vToken, (vGLMR). vGLMR will keep receiving staking rewards and can continue to be used in Bifrost and Moonbeam-based DeFi for additional rewards. 2. Automatically Staking rewards capturing without scenario limitations SLP will issue Staking rewards to vGLMR by adjusting the price of vGLMR / GLMR upwards. vGLMR Rate = SLP Staking GLMR (SUM) / vGLMR Total Issuance. 3. Floating redemption period, vGLMR redemption ≤ 28 days While Moonbeam’s original chain Staking has a fixed 28-day redemption period, Bifrost SLP helps users to realize the possibility of early vGLMR redemption by matching the real-time vGLMR minting quantity with the redemption quantity at the protocol layer in the form of a queue. Theoretically, it can achieve second-level redemption. 4. Higher Staking Yield In the SLP protocol, the protocol screens more than 10 verified nodes through governance (subsequently increasing with the overall staking volume) and adds multiple filters such as the number of nominees, commission ratio, and history of blocks out to maximize the return of this verifier portfolio while ensuring that none of the nodes have experienced slashes. 5. Multi-environment Compatibility vGLMR is one of Substrate assets in Bifrost parachain, by using the HRMP channels between Bifrost and others, it can be easily utilized in EVM, WASM and Substarte competiable parachains.

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Current Price:

$0.016265More coin details

All-time high:

$0.803515

All-time low:

$0.015055

VGLMR Supply Info and Tokenomics

Circulating supply:

Total supply:

782K

Max supply:

Market cap:

Fully diluted valuation:

$12,726.61

What is the outlook and future value of VGLMR?

The current market cap of VGLMR is $0, ranked 16418 in the market, showing that the market already recognizes the value of VGLMR. When a bull market arrives, the market cap of VGLMR may continue to grow.

Moreover, if VGLMR can play a greater role in real-world applications—such as if the Monero developers can fully empower VGLMR and establish partnerships with more business partners to expand its user base—then the long-term value of VGLMR will be further enhanced.

What is the price of VGLMR in 2027?

According to the historical price performance prediction model of VGLMR, the price of VGLMR is expected to reach $0.017078 at 2027.

Note: As with any crypto investment, investors should closely monitor ’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get VGLMR?

Purchasing VGLMR with cash is not the only way to obtain VGLMR. If you have enough time, you can get VGLMR for free.

Learn how to get Hot rewards for free with VGLMR.

Earn free VGLMR by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get VGLMR airdrops for free.

All crypto airdrops and rewards can be exchanged for VGLMR through LBank spot trading.

Buy VGLMR starting from $1

What is VGLMR used for and how to use it?

The use cases for VGLMR may grow with the development of the crypto market and project progress. Currently, you can use VGLMR to:

Arbitrage trading of VGLMR

VGLMR is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many VGLMR trading pairs to suit your needs.

Earn yield with VGLMR

You can also lend out VGLMR or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your VGLMR gains.

Send or pay with VGLMR

If you want to pay someone with VGLMR, you can easily and quickly send VGLMR to them using their receiving address.

You can also visit the official website of Voucher GLMR to learn more use cases of VGLMR, such as whether the Voucher GLMR project supports community/eco apps or buying physical or virtual goods with VGLMR.