What is Moonriver (movr)?

(MOVR) The Moonbeam Foundation created Moonriver to be an Ethereum-compatible blockchain environment on the Kusama (KSM) network. Moonriver is intended to operate on Kusama as a parachain, helping crypto projects expand their reach to new users and markets with a multi-chain approach.

What is Moonriver and Moonbeam?

Moonriver and Moonbeam stand at the forefront of such landscape shifts in the Polkadot ecosystem. It is our great pleasure to support and provide the most smooth cross-chain experience for the upcoming Moonriver and Moonbeam launch,” says Xiaohan Zhu, Founder of Meter.

What is a Moonriver token?

The native Moonriver token (MOVR) is a multi-functional utility token for the network. In turn, the MOVR token holds four key responsibilities to ensure the upkeep and operations of the network.

What is Moonriver's native cryptocurrency?

Moonriver’s native cryptocurrency, MOVR, should play a key role in maintaining and operating the Moonriver network. It is expected to be used for paying transaction fees, supporting smart contract execution, incentivizing collators for producing blocks to support the network, and facilitating Moonriver’s on-chain governance mechanism.