According to Deep Tide TechFlow news, the Movement Network Foundation announced the MoveDrop airdrop plan, aimed at rewarding early users and community members of Movement. MoveDrop will allocate 1,000,000,000 $MOVE (10% of total supply) to the community, with eligible users including: Road to Parthenon participants, Battle of Olympus winners, Gmovers, designated communities, and Movement testnet builders.
Users can access the MoveDrop website and register, with the deadline set for December 2, 2024, at 2 PM UTC. After the TGE (to be announced), they can check their MoveDrop eligibility and claim the airdrop. Failing to register on time will result in the loss of eligibility for the MoveDrop claim.
Users can choose to claim $MOVE on the Ethereum mainnet or wait until the Movement Network mainnet is launched (coming soon) to claim $MOVE, which will generate a 1.25x reward multiplier. The Movement Network Foundation also stated that more $MOVE tokens are planned to be distributed in future events.
Previously, the Movement Network Foundation announced the economic model for the $MOVE token, with a total supply of 10 billion, and an initial circulating supply of about 22%. Of this, 60% of the tokens will be allocated to the community, including ecosystem and community (40%), initial claims (10%), and the foundation (10%). The remaining portion will be allocated to early contributors (17.5%) and early investors (22.5%).