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What is MOVR coin? Introduction to the issue price, total amount and white paper of MOVR coins
The MOVR coin is the native cryptocurrency of the Moonriver network, a decentralized smart contract platform based on Substrate technology, used for staking, transaction fees, and governance.
Nov 04, 2024 at 09:22 am
What is the MOVR Coin?
- Definition:
The MOVR coin is the native cryptocurrency of the Moonriver network, a decentralized smart contract platform based on Substrate technology. Purpose:
The MOVR coin is used for:- Staking to participate in network consensus and earn rewards.
- Paying transaction fees on the Moonriver network.
- Governance, allowing MOVR holders to influence network decisions.
- Issue Price:
The MOVR coin's initial issue price was $0.0822 during its initial coin offering (ICO) in June 2021. - Total Supply:
The maximum supply of MOVR coins is 10 billion. - Circulating Supply:
As of February 2023, there are approximately 2.5 billion MOVR coins in circulation. - White Paper:
The Moonriver white paper, which outlines the project's technical specifications, goals, and token details, can be found at https://moonbeam.network/pdf/Moonriver-Whitepaper.pdf
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