Moonriver

About Moonriver

Moonriver is a companion network to Moonbeam and provides a permanently incentivized canary network. 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.

MOVR Token Utility

As a decentralized smart contract platform, Moonriver requires the MOVR token to function. This token is central to the design of Moonriver and cannot be removed without sacrificing essential functionality.

Some of the uses of the MOVR token on Moonriver include:

- Supporting the gas metering of smart contract execution

- Incentivizing collators and powering the mechanics around the creation of a decentralized node infrastructure on which the platform can run

- Facilitating the on-chain governance mechanism including proposing referenda, electing council members, voting, etc

- Paying for transaction fees on the network

Inflation and Fee Model

Moonriver targets a 5% annual inflation rate and, as such, has an uncapped token supply.

The purpose of inflation in Moonriver is to pay for ongoing security needs of the network. The primary security budget items are to pay for a parachain slot on an ongoing basis, and to incentivize collators to provide collation (block production) services to support the Moonriver network. Of the 5% inflation, 1% will go towards incentivizing collators and 1.5% will go to the parachain bond reserve to accumulate on chain funds to pay for a parachain slot in perpetuity. The remaining 2.5% will go to users that stake their MOVR tokens and help power the collator selection process.

Fees on Moonriver related to transactions and smart contract execution will be handled in two ways. 80% of the spent fees will be burned, which acts as a deflationary force and accrues value to existing MOVR holders based on increased utilization of the network. 20% of the spent fees will go to the on chain treasury which can be allocated via onchain governance to projects and initiatives which further adoption and engagement with the network.

Moonriver Ecosystem

DeFi projects are choosing to deploy on the Moonriver smart contract platform as an easy way to reach users and assets in the Kusama ecosystem.

Token Allocation

Token Circulation