## TL:DR
The following proposal registers BNC native token (Bifrost on Kusama) as xcBNC on Moonriver as a batched transaction.

## Summary
We propose to register BNC native token (Bifrost on Kusama) as xcBNC on Moonriver. The XC-20 has the following details:
 - Multilocation: *{ "parents": 1, "interior": {"X2": [ { "Parachain": 2001 }, { "GeneralKey": "0x0001" }]}}*
 - Decimals: *12*
 - Name: *xcBNC*
 - Symbol: *xcBNC* 

The initial proposed fee, charged in *unitsPerSecond* is *35230000000000* - Calculated using the KSM/BNC price ratio.

## Proposal
Proposal #15 with the following hash: *0x389689c01cc484fa3860ff93a138f0f283611243e1c6b80d3c49f25b129999fb*

## Technical details:
The procedure to register an asset on Moonriver is as follows:

 - *assetManager.registerAsset* to register the asset with the information provided in the summary
 - *assetManager.setAssetUnitsPerSecond* to set the amounts of tokens charged per second of execution of the XCM message
- *system.setStorage* to store a revert code in the asset's storage. This is so that smart contracts can interact with the XC-20 (through the EVM)

Once the proposal is enacted, *xcBNC* will live under asset ID *42109858202732255156900361585267092733*. Consequently, the XC-20 address would be *0xFffFFFfF1FAE104Dc4C134306bCA8e2E1990aCfd* 

If you are interested, the hex-encoded call data for both the *registerAsset* and *setAssetUnitsPerSecond* for [Moonriver](https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fwss.api.moonriver.moonbeam.network#/extrinsics/decode) are:

**batchAll:**
0x1e020c690000010200451f06080001147863424e43147863424e430c000100000000000000000000000000000001690100010200451f0608000100aca29f0a20000000000000000000000400000000050411011da53b775b270400e7e61ed5cbc5a146ea70f53d5a3306ce02aaf97049cf181a70c0534e7148678dfe07949563c458b9fffffffff075423be54811ecb478e911f22dde7d181460006000fd

**registerAsset:** 0x690000010200451f06080001147863424e43147863424e430c000100000000000000000000000000000001

**setAssetUnitsPerSecond:**
0x690100010200451f0608000100aca29f0a200000000000000000000004000000

**setStorage:**
0x00050411011da53b775b270400e7e61ed5cbc5a146ea70f53d5a3306ce02aaf97049cf181a70c0534e7148678dfe07949563c458b9fffffffff075423be54811ecb478e911f22dde7d181460006000fd

Set a safe XCM version (the version that XCM should be encoded with if the most recent
version a destination can accept is unknown).

- `origin`: Must be Root.
- `maybe_xcm_version`: The default XCM encoding version, or `None` to disable.

- **Problem Statement:** Registering BNC native token as xcBNC on Moonriver for batched transactions.
- **Significance:** Enhancing token functionality and interoperability on Moonriver.
- **Proposed Solution:** Register BNC as xcBNC with specific details and fees.
- **Expected Outcomes:** Improved token management and increased efficiency in transactions.

#43 Register Bifrost (on Kusama) native token as xcBNC on Moonriver

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