ChainCatcher message, the Movement Network Foundation has announced the tokenomics of its token $MOVE. The total supply is 10 billion, with an initial circulation of about 22%. Of this, 60% will be allocated to the community, specifically 40% for the ecosystem and community, 10% for initial claims, and 10% for the foundation.

The $MOVE token will be gradually unlocked over 60 months, and the team and investors will not be able to stake initially. Notably, $MOVE will have its TGE on the Ethereum mainnet, and holders can migrate cross-chain to the Movement Network. The uses of $MOVE include economic security staking, gas fees, governance, and decentralization, etc. 🌐💰