Glimmer and Moonriver
The Utility Tokens of the Moonbeam and Moonriver Networks
Deployment Network: Moonriver
Relay Chain: Kusama
Moonriver (MOVR) is the utility token of the Moonriver Network, Moonbeam’s Kusama deployment that serves as a “CanaryNet” to the Moonbeam Network. As such, the token utility behaviors on Moonriver will mirror that of Moonbeam.
Glimmer & Moonriver Utility
As decentralized smart contract platforms, Moonbeam and Moonriver require their utility tokens, GLMR and MOVR, to properly operate. Holding these utility tokens serves as the gateway for network participants to access their corresponding network’s vital functions.
GLMR and MOVR are needed to perform the following functions:
Pay transaction fees to access and support network operations
Incentivize collators, the full nodes responsible for maintaining parachains on Polkadot and Kusama
Support the gas metering of smart contract execution
Facilitate on-chain governance mechanisms by proposing referenda, voting, electing council members, and more
Power the mechanics needed to create the decentralized node infrastructure on which the networks operate
How to Get Glimmer & Moonriver
The Moonbeam Foundation is administering all information on the distribution, supply, and other token economic behaviors of Glimmer and Moonriver. As part of this responsibility, the Moonbeam Foundation will lead and coordinate plans for a public sale of Moonbeam’s GLMR token and a crowdloan of Moonriver’s MOVR token. Further information, including location and timing for these token events, will be published on that website as it becomes available.