Moonriver

What is MOVR usage? The native cryptocurrency of Moonriver, MOVR, is instrumental in the operation and maintenance of the platform. It serves multiple purposes, including facilitating the execution of smart contracts, incentivizing nodes within the network, covering transaction fees, and enabling governance mechanisms. MOVR's presence ensures the smooth functioning of the Moonriver platform and allows users to engage in various activities essential for its operation.

Moonriver, as a smart contract platform on Kusama, operates within the blockchain and decentralized finance space. While Bonami, HOMENIQUE Decors Pvt Ltd, and Shajao appear to be companies in different industries, they do not directly compete with Moonriver. Instead, rival platforms and potential alternatives to Moonriver might include established blockchain networks like Ethereum, Binance Smart Chain (BSC), or other Polkadot parachains such as Acala, Edgeware, or Polkadex. These platforms offer similar functionalities and attract developers and users interested in deploying smart contracts or building decentralized applications (DApps) on their respective networks.

Moonriver functions as a parachain to Moonbeam, a smart contract platform built on Polkadot. Moonriver leverages the Kusama Network, an innovative decentralized finance (DeFi) network that operates on a similar development environment as Polkadot. This shared environment enables developers to utilize Kusama to enhance their Polkadot-based systems. Kusama's advanced features and compatibility with Polkadot create opportunities for developers to test, refine, and optimize their applications before deploying them on the main Polkadot network. By operating as a parachain to Moonbeam, Moonriver benefits from this interconnected ecosystem, fostering collaboration, experimentation, and advancement within the broader Polkadot framework.

Both Moonriver and Moonbeam were designed with the goal of fostering innovation and incentivizing participation within the Polkadot blockchain ecosystem. Moonriver serves as an incentivized testnet, providing developers with a platform to create, test, and refine their protocols before deploying them on the mainnet, Moonbeam. This allows for thorough testing and adjustments to ensure the protocols are robust and functional. Moonbeam, on the other hand, functions as the mainnet of the ecosystem, where fully-developed and tested protocols are deployed for live use by the community. Together, Moonriver and Moonbeam form a cohesive ecosystem that supports the seamless transition of projects from development and testing to production within the broader Polkadot network.

Moonriver, similar to Moonbeam, creates an Ethereum-like ecosystem and seamlessly integrates with popular Ethereum tools, DApps, and protocols. By closely mirroring Ethereum's Web3 RPC, Moonriver ensures that existing Solidity smart contracts can be easily executed on the network without significant modifications. This compatibility extends to various Ethereum features, including accounts, keys, subscriptions, logs, and more, minimizing the adjustments needed to migrate applications to Moonriver.

​​What is the MOVR exchange rate?

An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on.

There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers, but bear in mind that floating rates may drastically change any second.

Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network). Your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low, but it’s crucial to know they may be imposed in the first place.

If you want to exchange cryptocurrency with the lowest fees, beware of offers with a gray-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label.

Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity of chosen instant exchange platforms.

The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload. Technical issues or system failures, lack of liquidity or network maintenance.

The transaction may also be stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please contact us at [email protected] or via our live chat on the landing page.

To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need.

There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi-currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.

If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions. Check out supported currencies and networks and see its security policy.

There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose.

To navigate them through the field of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.

Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange.