Moonbeam relaunches on Base

1

After years of building on Polkadot, we are going somewhere new. This is not a rebrand. GLMR is migrating to Base and we are building the infrastructure for autonomous AI agents to find each other, negotiate work, and settle payments entirely on-chain. No middlemen, just agents paying agents.

The migration in plain terms

Here is everything that actually matters for you right now.

One GLMR on Moonbeam becomes one GLMR on Base. No ratio games, and no fee beyond the small cross-chain gas.

A) If you hold GLMR in your own wallet, bridge before July 31. And before you do, pull anything you have parked in protocols on Moonbeam first, liquidity positions, staking, crowdloans, long governance locks. The current bridge can only faciliate the free balance transfer.

B) Any remaining frozen in the staking / crowdloan locks positions will still be honoured on Base, if their account signature against the snapshot on Moonbeam links to a valid address holding balance.

C) If your GLMR is on a centralized exchange, you do not need to do anything. Your exchange handles the switch and will tell you the date.

MOVR holders, your turn is coming as well, and we will post all the details separate

Why Base, and why now

This is not a rebrand, and it is not goodbye to what we built. Next wave of on-chain activity is where one agent finds another with the right skill, they agree on a price, the work gets done, and payment settles on-chain with a clean record anyone can check. No middlemen. Just agents paying agents. Today that place is Base. So GLMR is coming to Base as an ERC-20, and every holder comes along one for one. Same value, new home, ready for what is next. The agent side of this deserves its own deep dive, and we will post about it soon enough.

This thread is your support desk

I am on the tech side of Moonbeam’s move to Base, so I have had my hands in the bridge, the contracts, and most of the plumbing behind this migration. If there’s any problems with:

  • Anything about the migration, the bridge, the timeline, the token, or the bigger vision.

  • Technical problems with bridging. If a transfer looks stuck, a balance is not showing up, or the flow threw an error, drop the details and we will help you chase it down. Your Base address is fine to share. Watch out for Scams, unofficial bridges, anyone asking about you seed phrase

  • Special cases. Multisig, hardware wallet, contract wallet, tokens spread across a few addresses, or an odd position you are not sure how to unwind.

  • Ideas to make this better. If you spot a rough edge in the portal, the docs, or the process, tell us and we’ll fix it.

Thank you and talk soon!

2 Likes
[Proposal: MR103 & MB156] Migration to Base Phase 1: Set Staking Inflation to Zero on Moonbeam and Moonriver Parachains
2

Hi Maciej,

Could you please introduce yourself and the team? The original post about transferring the Moonriver treasury, and this one, are all from those that have 0 track record of posts on the forum. It’s really hard to make anything out of this. no whitepaper, litepaper, roadmap, introductions, tokenomics… just a brief explanation of an idea. Based on this, it seems any exchange would delist as soon as possible to offload the uncertainty and risk that poses.

So the ask seems to be “transfer tokens within 28 days of a known value, to something that is completely unknown”. Why would anyone do this? Don’t people involved in Moonbeam for the past 4 years deserve a little more than this?

3 Likes
[Proposal: MR103 & MB156] Migration to Base Phase 1: Set Staking Inflation to Zero on Moonbeam and Moonriver Parachains
3

Based on the observed on-chain transactions, the migration mechanism appears to work as follows:

A user sends their GLMR tokens to the migration smart contract (ERC1967Proxy).

The contract executes the Lock function, permanently locking the GLMR tokens on the Moonbeam network.

Once locked, those GLMR tokens are no longer freely circulating on Moonbeam.

The migration contract communicates with the Axelar infrastructure, which relays the cross-chain message to the Base network.

On Base, the corresponding amount of tokens is issued according to the official migration process, while the original GLMR remains locked on Moonbeam.

In other words, GLMR is not burned during the migration—it is locked in a smart contract, effectively removing it from the liquid circulating supply on Moonbeam while enabling the equivalent assets to exist on Base.

Using the link below, you can track in real time the amount of GLMR sent (locked) from Moonbeam to Base.Good luck.A new era beggins for Moonbeam.

https://moonscan.io/address/0x6544b44f769dc893be3c9ff8dc7cea63b3f68603

4

Is there an update on the current situation from the Moonbeam team?

1 Like
5

This is very dissapointing. I am not keen on Base and will not be moving there. They do not provide the decentralisation that is key to our line of work. I will remove my assets from Moonbeam and Moonriver ASAP ;(

6

No problem…good luck

7

Thx George this is an accurate description, and I appreciate you verifying it on-chain rather than taking anyone’s word; 3 small precisions for anyone reading along:

  1. GLMR is locked in the bridge contract on Moonbeam, and the same amount is released on Base. The two sides always reconcile 1:1 — the tracking link you posted shows the locked side, and the Base token contract shows the other.

  2. The Base-side supply was minted once, in advance, as a fixed float. The token contract cannot mint again — so the maximum that can ever exist on Base is bounded by that float. No inflation path exists on either side.

  3. For following an individual transfer end-to-end: the Axelar relay leg is visible on Axelarscan, so you can watch a crossing from the Moonbeam lock to the Base delivery, typically within a few minutes, we’ve implemented a dedicated “activity” tab built into the portal to do so for both MOVR and GLMR

1 Like
8

Hi Jim,

let me address your concerns one by one.

I am new to the Moonbeam’s forum indeed, no argument there. We’re a team with years of hands-on background across AI, smart contracts, and Polkadot parachain engineering - the stack this migration sits on. All we can reasonably ask is to be judged on what’s verifiable and delivered, and the migration for both GLMR and MOVR progresses smoothly.

On “known value to completely unknown”: This is not a swap into a new asset, it’s the same GLMR, 1:1, at the same address. The value doesn’t come from this page or from us, it moves with the asset.

On the deadline pressure: the window is published so that exchanges, custodians and integrators have a fixed date to plan against, not to rush individuals. The migration for each individual takes between one to three minutes.

The contracts move the tokens, and the window for that has a date. The invitation to build on Base with us doesn’t expire, and it’s open to the entire Moonbeam and Moonriver community.

1 Like
9

News about Moonbeam role in Base eco,

10

According to the latest transparency report, approximately 8.3 million GLMR remain as unclaimed crowdloan rewards. Since these tokens belong to the original beneficiaries and many may never be claimed (for example, due to lost wallets or deceased holders), what is the long-term plan for these GLMR after the migration to Base? Will they remain claimable indefinitely, or could governance eventually decide to burn or reallocate them.

Has the estimated amount of unclaimed Crowdloan 2021 rewards changed since the January 31, 2026 transparency report? If so, what is the current estimated amount of unclaimed GLMR?

After the migration to Base is complete, what will be considered the official GLMR total supply for market capitalization purposes? Will it include only the GLMR that exists on Base, or will it also include GLMR permanently left on the legacy Moonbeam chain (e.g. lost wallets, inactive accounts, unclaimed rewards, or assets that were never migrated)?How will CoinMarketCap, CoinGecko, and exchanges determine GLMR’s official total and circulating supply after the migration? If some GLMR remains permanently inaccessible on the legacy Moonbeam chain, will those tokens still be counted in the official supply, and if so, what is the rationale?

11

I have a question that concerns everyone.
What will happen if the migration of all tokens has not taken place by July 31st—given that Moonbeam will operate for only one more month after that date—and the remaining GLMR has still not been transferred from the blockchain? I am certain there are many cases involving GLMR holders who have passed away, lost their wallet passwords, etc.

  1. Will the remaining GLMR be burned?
  2. Will there be an airdrop to the community?
  3. Will the remaining GLMR go to the Moonbeam Treasury? (I would disagree with this, as the team would be unfairly appropriating the GLMR.)
  4. Will the remaining GLMR be distributed—either equally or proportionally based on individual holdings—between the Treasury and the community?
    I request an official response from the Moonbeam team.The issue raised cannot be resolved democratically because token migration has already begun, and there is no longer sufficient time for a potential governance vote. I must insist on providing clarification regarding the tens of millions of GLMR tokens that will remain on Moonbeam.
12

Thank you for the updates. I have not seen an announcement from Kraken regarding this. The assets are still there, trading and available, but wondering if they have been contacted directly yet.