Moonriver Coin (MOVR) is the multifunctional cryptocurrency of the Moonriver platform, facilitating important functions such as governance, incentive mechanisms, and network transaction fees.
What is Moonriver Coin (MOVR)?
Moonriver is an Ethereum-compatible smart parachain operating on Kusama. It aims to establish a network that works alongside Moonbeam, a permanently incentivized network provider. New code is sent to Moonriver for testing and verification under real economic conditions. Once proven, the same code is deployed to Moonbeam on Polkadot. This process includes full EVM implementation, a Web3-compatible API, and building bridges that connect Moonriver to existing Ethereum networks.
Functions and Uses of MOVR
Moonriver requires a utility token to operate. MOVR is at the core of Moonriver’s design and is built to be irremovable without compromising fundamental functionality. MOVR token uses include supporting the gas metering of smart contracts, incentivizing and powering a decentralized node infrastructure on which the platform can operate, facilitating on-chain governance mechanisms such as proposing, selecting members, and voting on governance issues, and paying for network transaction fees.
Where to Buy MOVR?
Moonriver Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. On the Binance platform, MOVR Coin is traded in MOVR/BTC, MOVR/BNB, MOVR/USDT, and MOVR/BUSD pairs. To purchase Moonriver Coin, you need to register on the Binance exchange, transfer cryptocurrency or fiat currency to your Binance wallet, and complete the purchase in one of the mentioned pairs.
Moonriver Coin (MOVR) is an essential element of the Moonriver platform, supporting various functions including governance and transaction fee payment, and can be acquired on multiple cryptocurrency exchanges.
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