Moonriver Coin (MOVR) is the multifunctional native cryptocurrency of the Moonriver platform. MOVR facilitates the execution of several important functions, including governance, incentive mechanisms, and network transaction fees.
What is #Moonriver Coin (MOVR)?
Moonriver is an Ethereum $2,621-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.
It allows developers to deploy their existing Solidity smart contracts and dApp front ends to Moonriver with minimal changes. As a decentralized smart contract platform, Moonriver requires a utility token to operate. MOVR is at the core of Moonriverâs design and is built to be irremovable without compromising fundamental functionality.
Moonriver 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 worldâs 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 first need to register on the Binance exchange. Once registration is complete, you need to transfer cryptocurrency or fiat currency to your Binance wallet. After completing the transfer, you can purchase MOVR Coin in any of the four pairs mentioned above. To buy from the MOVR/BUSD trading pair, navigate to the interface of this pair. In the limit tab, enter the amount you want to purchase. After specifying the amount, execute the purchase with the (Buy) MOVR order.
