BlockBeats News, November 26, the Movement Network Foundation, which focuses on the Move programming language infrastructure, announced the tokenomics of its token MOVE! The total supply of MOVE tokens is 10 billion, with an initial circulation of about 22%. 60% of the total supply will be allocated to the community, including the ecosystem and community, the foundation, and initial claims. The specific allocation is as follows: 40% for the ecosystem and community, 10% for initial claims, 10% for the foundation, 17.5% for early contributors, and 22.5% for early investors. Do you find these numbers a bit complex? Don't worry, we're here to help you sort it out 😉.

MOVE tokens will gradually unlock over 60 months, and the team and investors will not be able to participate in staking initially. What does this mean? Simply put, during the initial phase, the team and investors need to be patient and cannot participate in staking right away. This arrangement may be to ensure the stability and decentralization of the network, avoiding the risk of premature centralization.

The Movement Network Foundation also revealed that the MOVE tokens will have their TGE (Token Generation Event) on the Ethereum mainnet. After the mainnet goes live, MOVE holders will be able to migrate cross-chain to the Movement Network. This is good news for holders as they will have more options and flexibility. The use cases for MOVE tokens are quite extensive, including economic security staking, gas fees, governance and decentralization, and serving as the native asset of the Movement Network.

For blockchain and cryptocurrency enthusiasts, this is a project worth paying attention to. The economic design of the MOVE token seems to strive to balance decentralization and community participation. Do you think this distribution method can effectively promote community activity and network security? Feel free to share your thoughts and insights in the comments! Whether you are a beginner or an expert, we look forward to your participation and discussion.