What is Moonriver (MOVR)

1. Project Introduction
Moonriver (MOVR) is the sister network of Moonbeam, designed specifically for the Kusama network. It serves as a smart contract platform and decentralized ecosystem within Kusama. As a parachain on Kusama, Moonriver offers an Ethereum-compatible development environment, enabling developers to deploy Ethereum dApps on Kusama with minimal modifications.
Moonriver provides:
Full Ethereum Virtual Machine (EVM) compatibility
Seamless integration with existing tools like Metamask, Truffle, and Remix
An ideal environment for testing and optimizing projects before deployment on Moonbeam
By leveraging Kusama’s scalability and experimental nature, Moonriver allows developers to conduct early-stage testing and optimization before transitioning projects to Polkadot’s Moonbeam. Additionally, it supports on-chain governance, cross-chain functionality, and Web3-based decentralized applications. With strong collaborations across the blockchain space, Moonriver plays a crucial role in advancing the cross-chain ecosystem.
2. Team & Investment Info
Team: The Moonriver project is developed by the PureStake team, the same team behind Moonbeam.
Derek Yoo, Founder of Moonbeam and CEO of PureStake, has extensive experience in technology and blockchain project management. He previously worked at Fuze for 13 years, serving as CTO and CPO. Derek holds a degree from the University of Pennsylvania.
Stefan Mehlhorn, COO of Moonbeam Network, studied at Chemnitz University of Technology.
Katherine Quilca Barcelli, Marketing Lead at Tanssi Network, was previously the Community & Events Lead at Moonbeam. She graduated from Hult International Business School and Peru’s University of Applied Sciences.
Alan Sapède, VP of Blockchain Engineering at PureStake, has vast experience in team leadership, game design, and optimization. He holds a Master’s in Computer Science and Electrical Engineering from Chemnitz University of Technology and a Business Administration degree from the Technical University of Munich.
Tim Baldwin, VP of Engineering at PureStake/Moonbeam, has 20+ years of experience in software engineering.
Wuzhong Zhu, Developer Relations Engineer at Moonbeam, previously worked at Kuaishou and Google.
Funding:
September 2020 (Seed Round): Raised $1.4 million from Hypersphere Ventures, Arrington Capital, HashKey Capital, KR1, Bitcoin.com, Du Capital.
March 2021 (Strategic Round): Secured $6 million from Binance Labs, Coinbase Ventures, Fenbushi Capital, IOSG Ventures, ParaFi Capital, Hypersphere Ventures, D1 Ventures, Mechanism Capital, HashKey Capital, Arrington Capital, Waterdrip Capital, KR1, Divergence Ventures, A195 Capital.
3. Social Media URLs
X: https://x.com/moonbeamnetwork
Telegram: https://t.me/Moonbeam_Official
4. Token Info
Token Symbol: MOVR
Total Supply: 1,000,000,000 MOVR
Token Type: Polkadot Parachain Token
Issuance & Burn Mechanism: New tokens are issued through a network inflation model.
White Paper: https://docs.moonbeam.network/
5. Related Links
Official Website: https://moonbeam.network/
Other Info: https://www.rootdata.com/Projects/detail/Moonbeam?k=NjEz
GitHub: https://github.com/PureStake/moonbeam
Medium: https://medium.com/moonbeam-network
LinkedIn: https://www.linkedin.com/company/moonbeam-network/