Moonriver Wins The Second Kusama Parachain Slot Auction

We are excited to announce that Moonbeam’s Moonriver Network secured the second parachain slot on Kusama – Congratulations!

Slot 2 Winner

Moonriver (MOVR) – A smart contract blockchain that supports Ethereum decentralized applications, Moonriver is intended to operate on Kusama as a parachain and provide a full EVM implementation, a Web3-compatible API and bridges that connect Moonriver to existing Ethereum networks. Moonriver also plans to implement a built-in integration for all Kusama and ERC-20 tokens and bridges to other assets like Bitcoin.

The candle auction for the second parachain slot ended on block 8,051,569 and Moonriver won the auction with a total amount of 205,935 KSM bonded to its project.

Rewards
The amount of MOVR token rewards per KSM and when they will be distributed is being finalised by Moonriver, we will update this blog and the Kraken Support Center when these details become available.

Rewards for supporting parachain projects vary per project. Please see our Support Center article for an illustrative breakdown of the potential rewards per KSM contributed, percentage of tokens issued to parachain auction contributors, campaign durations, token vesting schedules and more. The Support Center will only reflect information on currently supported projects. 

When will Moonriver be live?

Possibly in the following weeks. We will update this blog and email all clients who contributed when Moonriver provides more details.

What happens to the other projects I supported that didn’t win?

KSM contributed to other projects will continue to support the bid of those projects to win Slot 3, which is now open. For more information about the second slot and additional FAQs please see our initial blog.

Read More