Buy Moonriver (MOVR)
What is Moonriver?
Moonriver is an Ethereum-compatible smart contract parachain that operates on the Kusama network. It functions as a companion network to Moonbeam and serves as a "canary network," meaning it is used to test new code under real economic conditions before deploying on Moonbeam. Moonriver is designed to provide a scalable platform that enhances interoperability between Ethereum and Kusama, facilitating seamless transitions for Ethereum projects to the Kusama ecosystem.
How does Moonriver work?
Moonriver operates on Kusama's parachain architecture, which ensures scalability and interoperability. It is fully compatible with Ethereum tools and standards, enabling developers to deploy existing smart contracts written in Solidity with minimal modifications. The network utilizes a proof-of-stake consensus mechanism via a collator-validator model, which improves security and decentralization. Smart contracts are executed using the Ethereum Virtual Machine (EVM), with MOVR tokens facilitating gas metering and governance processes.
What are the potential use cases for Moonriver?
Moonriver's potential use cases include:
- Decentralized Finance (DeFi): Hosting DeFi applications like decentralized exchanges and staking protocols with low transaction fees and Ethereum compatibility.
- Interoperability Solutions: Providing cross-chain bridges and Ethereum networking compatibility to facilitate seamless movement of applications between different blockchain networks.
- Governance and Decentralization: Enabling decentralized governance and infrastructure by using the MOVR token for governance-related activities.
- Oracle Services: Integrating oracle services to deliver reliable data feeds for smart contract operations.
What is the history of Moonriver?
Moonriver was founded by Derek Yoo and Steflan Mehlhorn, associated with the Moonbeam Foundation. It launched in June 2021 on the Kusama network as a testnet for Moonbeam, offering a platform for deploying and testing smart contracts in a real economic environment. Significant milestones include its August 2021 official parachain status on Kusama and substantial investments in strategic funding rounds, highlighting its growing ecosystem and market presence as a significant player in blockchain technology and interoperability.
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Frequently Asked Questions (FAQs)
What is the current price of Moonriver (MOVR)?
The Moonriver price is $20.85 AUD, representing a -0.5% from the day prior.
Where is the best place to buy Moonriver (MOVR) in Australia?
The best place to buy Moonriver (MOVR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Moonriver (MOVR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Moonriver (MOVR)?
The trading volume of Moonriver (MOVR) is $7.7M AUD in the last 24hrs, representing a -0.5% from the day prior.
How can I buy Moonriver (MOVR)?
Moonriver (MOVR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Moonriver (MOVR)?
The current market cap of Moonriver (MOVR) is $194.2M AUD.
Can I convert Moonriver (MOVR) to cash?
Yes - With Coinstash you can convert your Moonriver (MOVR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Moonriver (MOVR) are there?
The current circulating supply of Moonriver (MOVR) is 9.4M.
Is Coinstash a safe place to buy Moonriver (MOVR) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Moonriver (MOVR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.