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MOVR meaning in Cryptocurrency ? |
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Answer» To find out even more about this project, check out our deep dive of 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 executionIncentivizing collators and powering the mechanics around the creation of a decentralized node infrastructure on which the platform can runFacilitating the on-chain governance mechanism, including proposing referenda, electing council members, voting, etc.Paying for network transaction feesMoonriver tools and integrations include:Ethereum developer tools such as Metamask, Remix IDE, web3.js, Ethers.js, Truffle and other toolkits such as Polkadot.js appsOracle integrations such as Chainlink, Band Protocol, Razor, and DIA ProtocolAPI & Infrastructure integrations: Onfinality, CovalentWallets: Mathwallet, Polkadot.js, Metamask, AirGapPartnerships with other Polkadot chains: Acala, Polkadot’s relay chain, Equilibrium, Kilt, Phala, CrustBridges: Chainbridge, Ren, Interlay, Snowfork, AxelarBlock explorers - Subscan, Polkadot.js, Blockscout*DeFi Protocols: Balancer, SushiSwap, Offshift, IDEX, Linear Finance, Injective ProtocolAssets & Issuance Partners: Ocean Protocol, AllianceBlock, AMPnet, Poolz, Polkastarter and KiltDApps: Human Protocol, Polkacover, BeProWhat 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%.A more detailed summary of the allocation of River tokens can be found here: https://moonbeam.foundation/river-token/ reference
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