To learn more about this project, check out our Moonriver deep dive. What is Moonriver (MOVR)? Moonriver is an Ethereum compatible smart contract parachain on Kusama. It intends to be a complementary network to Moonbeam, where it will provide a permanently incentivized Canarian network. The new code will first be sent to Moonriver, where it can be tested and verified under real economic conditions. Once tested, the same code will be sent to Moonbeam at 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 implement existing Solidity smart contracts and DApp interfaces on Moonriver with minimal modification. What is MOVR? As a decentralized smart contract platform, Moonriver requires a utility token to function.
MOVR is fundamental to the design of Moonriver and cannot be removed without sacrificing essential functionality. Moonriver token uses include: Supporting gas metering from smart contract execution. Incentivize collectors and improve mechanisms around creating a decentralized node infrastructure on which the platform can function. Facilitate on-chain governance mechanism, including proposed referendum, election of council members, voting, etc. Payment of network transaction fees Moonriver tools and integrations include: Ethereum development tools such as Metamask, Remix IDE, web3 .js, Ethers.js, Truffle and other toolkits like Polkadot.js applications Oracle integrations like Chainlink, Band Protocol, Razor and DIA ProtocolAPI & amp; Infrastructure Integrations: Onfinality, CovalentWallets: Mathwallet, Polkadot.js, Metamask, AirGap Association with other Polkadot Chains: Acala, Polkadot Relay Chain, Equilibrium, Kilt, Phala, CrustBridges: Chainbridge, Ren, Interlay, Snowfork, AxelanBlock, explorers - Subscribers Polkadot. js, Blockscout * DeFi Protocols: Balancer, SushiSwap, Offshift, IDEX, Linear Finance, Injective ProtocolAssets & Issuing partners: Ocean Protocol, AllianceBlock, AMPnet, Poolz, Polkastarter and KiltDApps: Human Protocol, Polkacover, BePro What are MOVR tokenomics? There will be a total supply of 10 million MOVR tokens once the Moonriver Network is launched with 5% annual inflation A more detailed overview of the River Token allocation can be found here: https://moonbeam.foundation/river-token/