Deep Tide TechFlow news, the Move language infrastructure Movement Network Foundation announced the tokenomics of its token $MOVE, with a total supply of 10 billion, an initial circulation of about 22%, and 60% of the total will be allocated to the community, including ecosystem and community, foundation, and initial allocation.

The specific distribution is as follows:

  • Ecosystem and Community: 40%

  • Initial Allocation: 10%

  • Foundation: 10%

  • Early Contributors: 17.5%

  • Early Investors: 22.5%

$MOVE tokens will be gradually unlocked over 60 months, and the team and investors cannot participate in staking initially.

The Movement Network Foundation stated that the $MOVE tokens will have their TGE on the Ethereum mainnet. After the mainnet launch (coming soon), $MOVE holders can migrate across chains to the Movement Network. The gas fees for the Movement Network are settled in $MOVE, and the use cases for $MOVE tokens include: economic security staking, gas fees, governance and decentralization, and native assets of the Movement Network.

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