Moonriver Moves Down 13% Today: It Has Completed The First Phase Of Launching A Parachain On Kusama

Moonriver price today is $354.45 USD with a 24-hour trading volume of $55,960,251 USD. Moonriver is down 13.55% in the last 24 hours. The current Coin Market Cap ranking is #222, with a live market cap of $531,670,846 USD. It has a circulating supply of 1,500,000 MOVR coins and a max. supply of 10,000,000 MOVR coins. During the first phase, community collectors were launched, and the focus of the second phase will be on the functions of on-chain management. Moonriver (MOVR) is the only parachain on Kusama that has a public picker role installed at launch.

Moonriver Moves Down 13% Today: It Has Completed The First Phase Of Launching A Parachain On Kusama At the moment, 32 decentralized pickers are registered in the network, and the responsibilities for the production of blocks are evenly distributed among them. Perhaps the most noticeable element of on-chain management will now be enabled for accounts with balances. On-chain management allows the Moonriver community to propose changes through code updates that will be implemented democratically. Thus, the community has the right to vote in a decentralized management system, and the network will have access to a faster processing time for changes.

Lora Nilsson

Finance and Business reporterAfter graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter