Moonriver (MOVR)
Rank #923
Market snapshot
- Price
- $0.771472
- Market cap
- $9.6M
- 24h volume
- $5.0M
- Circulating supply
- 12,488,232
- Total supply
- 12,592,434
- Max supply
- N/A
What is Moonriver?
Moonriver is a blockchain that fully supports Ethereum tools and standards, enabling developers to transition their Ethereum projects seamlessly. It operates within the Kusama network, benefiting from its innovations and scalability. As a layer-1 solution, it aims to enhance interoperability and support decentralized applications (dApps) and NFTs.
How Moonriver works
Moonriver allows developers to deploy and manage decentralized finance (DeFi) applications by leveraging its full Ethereum compatibility. This compatibility facilitates interaction with Kusama's vibrant community and assets. Users can also engage in the NFT community on Moonriver, where creativity meets blockchain technology. The network operates on a shared ledger, enabling peer-to-peer transactions without a central authority.
Key information
- Symbol
- MOVR
- CMC rank
- #923
- Network / platforms
- N/A
- Categories
- N/A
- Date added
- Apr 19, 2021
Key characteristics
Moonriver is categorized under several tags by CoinMarketCap, including binance-ecosystem, binance-listing, smart-contracts, layer-1, interoperability, and moonriver-ecosystem. This classification highlights its role within the broader blockchain landscape and its focus on supporting decentralized applications and interoperability.
Documented uses
MOVR serves as the utility token of Moonriver, essential for powering the network's core functionalities. It is also utilized for gas metering, enabling efficient contract execution.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Moonriver (MOVR)?
- Moonriver is a blockchain that supports Ethereum tools and standards, enabling seamless transitions for Ethereum projects and facilitating decentralized applications.
- How does Moonriver operate?
- Moonriver operates by leveraging Ethereum compatibility, allowing developers to deploy and manage DeFi applications while connecting with the Kusama community.
- What are the use cases of MOVR?
- MOVR is used as the utility token for Moonriver, essential for powering the network's functionalities and for gas metering during contract execution.
- What are the risks associated with transferring MOVR?
- Users should verify the asset and network before transferring MOVR, as digital asset prices can be volatile, and transfers may be irreversible.
- Where can I find official resources for Moonriver?
- Official resources for Moonriver can be found on its website and technical documentation, which provide detailed information about the network.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
