MOVRMoonriver (MOVR) Price

1. Project introduction

Moonriver is a companion network to Moonbeam and provides a permanently incentivized canary network. Its is a Community-Led Sister Parachain on Kusama. New code ships to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code ships to Moonbeam on Polkadot.

2. Team introduction

CEO: Derek Yoo

Linkedin: https://www.linkedin.com/in/derek-yoo-8a050/

COO: Stefan Mehlhorn

Linkedin: https://www.linkedin.com/in/stefanmehlhorn/

3. Application and distribution

Token application:

Moonriver (MOVR) is the utility token of the Moonriver Network, Moonbeam’s Kusama deployment that serves as a “CanaryNet” to the Moonbeam Network. As such, the token utility behaviors on Moonriver mirror that of Moonbeam. MOVR are needed to perform the following functions:

· Pay transaction fees to access and support network operations

· Incentivize collators, the full nodes responsible for maintaining parachains on Kusama

· Support the gas metering of smart contract execution

· Facilitate on-chain governance mechanisms by proposing referenda, voting, electing council members, and more

· Power the mechanics needed to create the decentralized node infrastructure on which the networks operate

Token distribution:

Parachain Crowdloan: 30%

Community Initiatives and Parachain Slot Reserve: 40%

Parachain Bond Reserve: 0.5%

Treasury: 0.5%

Long-Term Network Stewardship & Adoption: 24.5%

Developer Adoption Program: 4.5%