In this post, where we are going to see how you can buy Moonriver in an easy, simple and fast way. Without complications, so you can be the owner in a few minutes of this cryptocurrency.
Where to buy Moonriver
For this, I’m going to use two platforms, Binance and gate.io, where you can find all the links below. You can see below a step-by-step video on how to do it. If not, you will also find a step by step in this article so you won’t get lost at any time. If you don’t have an account you can create one by clicking below.
Step by Step
Moonriver can be found in few exchanges, and you can also use Uniswap, but you will find high ethereum commissions to buy it, ranging from $50 to $300 for just buying the cryptocurrency. Therefore, the best option is to use the centralized Exchange gate.io that has this cryptocurrency listed.
The first thing we have to do is to deposit funds in our gate.io account. In order to have funds in gate.io, the best option is to send them from another Exchange, since the platform does not have the option to buy cryptocurrencies with credit card or wire transfer. For this, I am going to use binance, and I am going to send tether (USDT), since it is the cryptocurrency we are going to need to buy Moonriver.
In my case, I already have USDT in my binance account, if you don’t know how to buy it, I’ll leave a video below so you can watch it. With the usdt, we go to wallet, spot wallet and click withdraw.
Now we must go to gate.io, and go to deposit. Here, we click on the tron/TRC-20 network, as it has the lowest commissions and only costs one dollar commission. Copy the address and paste it into binance. Once in binance, enter the address, the tron network, trc-20 and the amount to withdraw the usdt. We confirm with our email and cell phone, and that’s it. Remember to indicate the trc-20 network to save on commissions and not have any problems.
At this point, you must wait for the USDT to appear in your gate.io balance, it usually takes a few minutes until you have it ready to use. Once they appear, go to my funds, search for usdt or tether and click on trade.
You will see the panel to buy and sell cryptocurrencies, here, look for MOVR, and you will see the pair MOVR/usdt. We go down and indicate the amount we want to buy Moonriver. Here, if you want to use all your usdt, just click on the number above and the total will be placed. At the top of Price you will see the current price of the cryptocurrency. With the amount indicated, just click on the buy button.
Now, you will be the owner of Moonriver, and to check it, you can go back to my funds to see the amount you have. Once you want to sell it, we must go back to the same panel above, but this time we will go to the red sell button. We indicate the amount we want to sell, and click on sell. This way, you can have USDT again and send it to binance to withdraw it to your bank account.
What is Moonriver?
Solidity smart contracts at Kusama
A managed community
Sister Parachain on Kusama
Moonriver is a companion network to Moonbeam and provides a permanently incentivized canary network. New code is first sent to Moonriver, where it can be tested and verified under real economic conditions. Once tested, the same code is sent to Moonbeam at Polkadot.
Community members will own the majority of MOVR tokens in the network, giving them considerable control over the direction of the network.
While Moonbeam code is released first on Moonriver, the network will continue to live as a parachain on Kusama, with its own specialized projects and use cases.
Earlier release, earlier access
Moonriver receives earlier code deployment and launches first on Kusama
The Moonriver network was deployed as parachain on Kusama in June 2021, and Moonbeam will be deployed on Polkadot later this year. This means developers have earlier access to Moonriver to start building, experimenting and launching, and other participants can access DApps and assets on that chain.
An easy on-ramp to Kusama
Quickly deploy your new or existing Solidity DApps on the Moonriver chain – with little or no modification – and gain easy access to the Kusama network.
Full Ethereum support
Like Moonbeam, Moonriver is a full Ethereum-like environment and works with industry-standard Ethereum tools, DApps and protocols.
By mirroring Ethereum’s Web3 RPC, accounts, keys, subscriptions, registrations and more, Moonriver minimizes the changes required to run existing Solidity smart contracts on the network. Ethereum projects can simply replicate their DApp and deploy it to Moonbeam using Hardhat, Truffle, Remix and other popular deployment tools.
This is how Moonriver goes beyond basic EVM support:
Unified accounts, addresses and signatures:
Use your existing Ethereum-like H160 accounts and existing ECDSA signatures to interact with Moonriver.
Use existing tools and DApps front-ends:
Deploy with minimal changes:
If you have an existing contract, it will work out of the box with no rewriting or reconfiguration.
Use familiar programming languages:
Write smart contracts in Solidity or anything that compiles to Solidity bytecode.
Moonriver network utility token.
As a decentralized smart contract platform, Moonriver requires the MOVR token to function.
Some of the uses of the MOVR token in Moonriver include.
- Support gas metering of smart contract execution.
- Incentivize collectors and empower mechanics around the creation of a decentralized node infrastructure upon which the platform can run
- Facilitate the governance mechanism on the blockchain, including proposing referendums, electing board members, voting, etc.
- Pay transaction fees on the network.