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Moonriver news
About Moonriver
What Is Moonriver (MOVR)?
Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.
It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks.
This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes.
What is MOVR?
As a decentralized smart contract platform, Moonriver requires a utility token to function.
MOVR is central to the design of Moonriver and cannot be removed without sacrificing essential functionality. The Moonriver token uses include:
Supporting the gas metering of smart contract execution
Incentivizing collators and powering the mechanics around the creation of a decentralized node infrastructure on which the platform can run
Facilitating the on-chain governance mechanism, including proposing referenda, electing council members, voting, etc.
Paying for network transaction fees
What are the tokenomics of MOVR?
There will be a total supply of 10 million MOVR tokens once the Moonriver Network launches with a yearly inflation rate of 5%.
The live Moonriver price today is $6.56 USD with a 24-hour trading volume of $4,788,677 USD. We update our MOVR to USD price in real-time. Moonriver is up 2.70% in the last 24 hours. The current CoinMarketCap ranking is #433, with a live market cap of $56,286,174 USD. It has a circulating supply of 8,585,825 MOVR coins and the max. supply is not available.
If you would like to know where to buy Moonriver at the current rate, the top cryptocurrency exchanges for trading in Moonriver stock are currently Binance, OKX, Bybit, DigiFinex, and Bitrue. You can find others listed on our crypto exchanges page.