Moonriver

Moonriver operates as a parachain on Kusama that is compatible with Ethereum and its smart contracts. It's designed to serve as a partner network to Moonbeam, offering a constantly incentivized test network. This setup allows new code to be rolled out first on Moonriver, where it undergoes testing and validation in an environment with real economic stakes. Once it's been validated, the same code is deployed to Moonbeam on the Polkadot network.

Moonriver achieves this by providing a complete Ethereum Virtual Machine (EVM) implementation, an API compatible with Web3, and bridges that link Moonriver to existing Ethereum networks.

This infrastructure enables developers to transfer their existing Solidity smart contracts and decentralized application (DApp) frontends to Moonriver with few modifications.

Moonriver, as a decentralized platform for smart contracts, needs a utility token to operate effectively. MOVR is integral to Moonriver’s architecture and removing it would compromise key functionalities. The token serves several purposes, such as:

* Metering gas for executing smart contracts
* Encouraging collators and supporting the development of a decentralized node infrastructure that the platform operates on
* Enabling on-chain governance, such as introducing referenda, choosing council members, voting, and similar activities
* Covering the costs of network transaction fees

* The Moonriver Network will launch with a total supply of 10 million MOVR tokens, which will experience an annual inflation rate of 5%.
* A comprehensive breakdown of the River token allocation is available at: https://moonbeam.foundation/river-token/