Thread by @BarryFried1

Y’all will ape into @MoonriverNW $MOVR at 300$, but won’t touch it at 50$ 🤡
Here’s a deep dive on Moonriver, and why it’s one of the most undervalued projects in the Dotsama ecosystem
🧵👇
1/10

@MoonriverNW is the first EVM compatible L1 on the Kusama network, allowing for easy access between Etherium and Kusama. This means that Dapps that run on EVM chains can now easily replicate their code and deploy onto Moonriver/Kusama eco easily!
2/10

Most people don’t understand that Moonriver and Moonbeam are the EXACT same product, the only difference being that new code/alpha is tested on Moonriver before it’s launched on Moonbeam. (If you think it’s just a testnet, you’re a clown)
3/10

For example, the new XC-20 tokens deployed on Moonriver, allowing for Kusama native tokens to have ERC-20 token capabilities (cross parachain), will be launched on Moonbeam once proven.
4/10

The $MOVR incentive program is currently taking place, (10% of total supply used for incentives) allowing for tasty rewards in Moonriver DeFi ;)

In addition, the highly anticipated @RmrkApp land sales are coming to Moonriver this month! Don’t miss it👀
5/10

So with all of this innovation, why has the $MOVR price been absolutely smashed? (Other than this bear cycle)
The answer is crowdloan inflation. Those who participated in the Kusama crowdloans got rewarded parachain tokens in exchange for locking up their $KSM for the lease.
6/10

In Moonriver’s case, those who lent their $KSM received 14.5 $MOVR per $KSM! (BTW, the $KSM crowdloan participants got their tokens back after the lease!)
So ask yourself this- would you take 4,000 dollars that you got for free?
7/10

The good news is, crowdloan inflation will totally stop in May, which will bring down inflation from 35% to 5%, completely mitigating sell pressure. (@MoonriverNW has funded their next parachain slot without any need for auctions!)
8/10

In addition, 80% of all gas fees on the network get burned, adding a deflationary mechanism!

So ask yourself this- why would you fade Moonriver at a 150 mil mcap?!? New innovation weekly, no more crowdloan inflation, and insane DeFi opportunities- seriously don’t miss out
9/10

Thank you for reading
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@BarryFried1
Follow these peeps for more Moonriver/Dotsama alpha👇
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10/10

I think the whales read my thread…😉