Moonriver is a smart contract coin chain in Kusama that strives to ensure compatibility with the existing Ethereum developer toolchain and network. It was intended to be a companion network to Moonbeam, where it would provide a permanently promoted network of canaries. Detailed information about what is Moonriver coin MOVR, how does it work, how much it costs, etc. is in the continuation of the content. You can browse here for information about Convex Finance coin (CVX).
What is Moonriver coin (MOVR) and how does it work?
Altcoin project Moonriver’s native cryptocurrency MOVR plays an important role in the maintenance and operation of the Moonriver platform and can be used to execute smart contracts, incentivize nodes, pay transaction fees and facilitate management. The launch of Moonriver was achieved through a community-driven crowdfunding hosted by the Moonbeam Foundation, which received over 200,000 KSMs from thousands of contributors worldwide. Contributors now earn MOVR tokens for interacting with the network and using built-in functions.
Moonriver is a smart contract coin chain in Kusama that strives to ensure compatibility with the existing Ethereum developer toolchain and network. It was intended to be a companion network to Moonbeam, where it would provide a permanently promoted network of canaries. The new code will be first sent to Moonriver, where it can be tested and verified under real economic conditions. Once proven, the same code will be sent to Moonriver in Polkadot.
It does this by providing a full EVM implementation, a Web3 compatible API, and bridges connecting Moonriver to existing Ethereum networks. Moonriver also plans to implement a built-in integration for all Kusama and ERC-20 tokens and bridges to other assets such as Bitcoin.
Where to buy Moonriver coins? How much is the MOVR coin price?
Moon River coin is listed on many cryptocurrency exchanges and can be purchased from these exchanges. But before trading, it is necessary to make sure that the stock market is reliable. As of September 30, 2021, the price of 1 MOVR is around $302.93.
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency
