Gate Initial list Moonriver(MOVR)

Gate is going to commence Moonriver(MOVR) trading on August 27th, 2021 9:00AM UTC.



About Moonriver:

Moonriver is a smart-contract blockchain on Kusama that strives to provide compatibility with the existing Ethereum developer toolchain and network. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonriver on Polkadot.

It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks.

This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes.

Token symbol：MOVR

Website：https://moonbeam.network/



Moonriver(MOVR) Trading starts: August 27th, 2021 9:00AM UTC



Deposit Moonriver(MOVR) at https://www.gate.com/myaccount/deposit/MOVR

Trade Moonriver(MOVR) in USDT market via: https://www.gate.com/trade/MOVR_USDT

Trade Moonriver(MOVR) in ETH market via: https://www.gate.com/trade/MOVR_ETH



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Gate will open an Automated Market Maker (AMM ) for MOVR , and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liqudity in will get rewards from liquidity pool transaction fee and GT token rewards from liquidity reward pool. High annual rate rewards with secure.



AMM Trading Market and AMM Liquidity Mining



Gate has launched a new version of the liquidity pool (centralized automatic market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate will continue to add different currencies, please pay close attention to follow-up announcements.



The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:

1. Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
   
2. A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
   
3. Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
   
4. Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
   
5. Liquidity providers can take bonus and withdraw at any time.
   
   
   
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   Gate Team

   Aug 27, 2021