- The network will have a total supply of 10 million MOVR tokens.
- The coin, MOVR, is used to support the Moonriver platform.
Moonriver (MOVR) is the utility token of the Moonriver Network, and it is used for many purposes. The coin, MOVR, is used to support the Moonriver platform. Furthermore, it is also used to reward nodes, promote governance, and pay for transaction fees on the network.
A smart-contract parachain for Ethereum atop Kusama is what characterizes Moonriver. Moreover, it is intended to be used as a companion network to Moonbeam, serving as a persistent canary network in the process. Moonriver will be the first to get the updated code, testing and validating it in real-world situations. This code will then be sent to Moonbeam on Polkadot.
It provides an EVM implementation, a Web3 API, and bridges to existing Ethereum network infrastructure. The conversion of existing Solidity smart contracts and Dapp frontends to Moonriver is a simple process.
10 Million MOVR Tokens
Moonriver, a decentralised smart contract platform, needs a utility coin to work effectively. MOVR is a critical component of Moonriver’s architecture and cannot be disabled. Moreover, the Moonriver Network will have a total supply of 10 million MOVR tokens, with a 5-percent yearly inflation rate, which will be issued.
Moonriver (MOVR) is a cryptocurrency that is not yet listed on Binance, the largest cryptocurrency exchange in the world. Because of the rising popularity of the MOVR coin, it has emerged as a strong contender for inclusion on the popular exchange. Furthermore, if this happens, MOVR owners can expect a $500 price level.
According to CoinMarketCap, it is now trading at $382.53 USD with a 24-hour volume of $61,386,247 USD. Moonriver is up 24.61% in the last 24 hours.
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