Kucoin and Kraken exchange will list Moonriver (MOVR)

Kucoin and Kraken have announced that they will list Moonriver (MOVR) at 09:00 UTC on August 27. Trading is not available to residents of the USA, Canada, Australia and Japan on Kraken.

What is Moonriver

Moonriver is a smart-contract parachain on Kusama that strives to provide compatibility with the existing Ethereum developer toolchain and network. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonriver on Polkadot. It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks.

Moonriver also plans to implement a built-in integration for all Kusama and ERC-20 tokens and bridges to other assets like Bitcoin.

Moonriver’s native cryptocurrency, MOVR, plays a key role in maintaining and operating the Moonriver platform, and can be used for executing smart contracts, incentivizing nodes, paying for transaction fees and facilitating governance.

Moonriver’s launch was enabled by a community-focused crowdloan hosted by the Moonbeam Foundation, which received over 200,000 KSM from thousands of contributors across the globe. Contributors earned MOVR tokens for their support, which they can now use to engage with the network, and use built in functionality.

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