Polkadots Moonbeam is now operating its “Canarian Network” on Kusama (KSM)
- Moonriver starts on Kusama: EVM and balances are live
- Crowdloan rewards and staking details will be announced
The Ethereum-compatible Moonriver has completed its rollout process: More than 60 teams can start to deploy their dApps on the platform entirely without permission.
Moonriver starts on Kusama: EVM and balances are live
The community-run “sister chain” Moonriver goes live, according to the official announcement from Moonbeam Polkadot’s smart contracts platform.
1 / TODAY IS THE DAY! 🎉 Moonriver is now LIVE on @KusamaNetwork! 🚀
Funding transfers and EVM are now enabled for #collator staking, project deployments, token transfers, and #crowdloan reward distribution!
Find out more 👇 https://t.co/h0ABLg5d4A
– Moonriver Network (@MoonriverNW) August 26, 2021
Starting today, all elements of Moonriver are accessible, including Moonriver’s unified account structure (MOVR addresses are actually 0x-like Ethereum addresses), a Web3 RPC, and precompilations.
Therefore, this environment is now suitable for dApps deployment. The Moonbeam team expects “dozen” of dApps to come to its smart contracts platform in the coming weeks.
Since Moonriver accounts are live and fully functional, users can easily transfer funds between them, just like with Ethereum (ETH) addresses.
Crowdloan rewards and staking details will be announced
Also, Moonriver will be handing out rewards among enthusiasts who contributed to the crowdloan that allowed the team to book Kusama’s Parachain slot. The supporters blocked more than 200,000 KSM to facilitate the project start.
Almost 1.4 million MOVR from the “Reward Supply Pool” will be distributed to Moonriver’s early supporters in the coming months.
In addition, MOVR tokens can be used for staking and governance purposes from day one. Today the MOVR token is listed by KuCoin; its price immediately skyrocketed from $ 20 list price to nearly $ 100.