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Moonriver is an Ethereum-compatible, smart contract parachain on Kusama.
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MOVR (Moonriver)

Moonriver is an Ethereum-compatible, smart contract parachain on Kusama.

I. Project Introduction

Moonriver is an Ethereum-compatible, smart contract parachain on Kusama.

​II. Token Information

Party% of the totalToken Release Schedule
Parachain Crowdloan30.000%30% of the network was offered to raise KSM needed for a crowdloan to bid in the Kusama parachain auction for an initial 48-week year parachain slot. We used this as a way to achieve token distribution for Moonriver. Upon launch of the Moonriver parachain, 30% of tokens will be distributed immediately to the crowdloan contributors, and the following 70% will be distributed weekly over the life of the lease (48 weeks).
Community Initiatives and Parachain Slot Reserve40.000%Tokens reserved to secure future Kusama parachain slot leases (e.g., continued parachain slot occupancy) and other community initiatives (e.g., liquidity incentives, strategic program rewards, etc.).
Parachain Bond Reserve0.500%Funds to be used for parachain bond purposes. Part of the supply inflation goes into this fund and the idea is ultimately for this reserve to hold enough assets to secure a parachain slot in perpetuity.
Treasury0.500%Onchain managed funds where spending the funds is only possible via token weighted onchain governance mechanisms.
Long-Term Network Stewardship & Adoption24.500%Tokens under the control of the Moonbeam Foundation, to be used to fund network adoption, grants programs, ecosystem development, and other network needs.
Developer Adoption Program4.50%Supply that will be used in the short term for project and platform adoption and practical needs. These are matching funds for the Moonbeam developer adoption program.

1) Basic Information

Token name: MOVR (Moonriver)

Total supply: 10,000,000

Tokens in Circulation: 2,844,225

2) Token Distribution and Token Release Schedule:

III. Related Links

Official Website: https://moonbeam.network/networks/moonriver/

Blockchain explorer Links: https://moonriver.subscan.io/

Whitepaper Link: https://docs.moonbeam.network

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Huobi does not take responsibility for any resulting direct or indirect losses.

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