With the Movement Network mainnet about to launch, Movement Network Foundation officially announces the launch of the native token $MOVE. Movement Network claims to be the first Move language blockchain integrated with Ethereum, offering high transaction speed (TPS), improved security, and near-instant finality.

(Interview with Movement Founder Rushi: Collaborating with National Tsing Hua University to nurture developers, mobile devices and Gen Z are the key to widespread application)

$MOVE Token Basic Information

  • Ticker: $MOVE

  • Max Supply: 10 Billion

  • Circulating Supply Ratio: Approximately 22%

  • Distribution Ratio: Community 60%

  • Token Standard: Ethereum ERC-20 and Movement Network Native Token (Coming Soon)

$MOVE Token Distribution

  • Community Distribution (60%) – Ecosystem and Community (40%): Used for staking rewards, developer grants, and liquidity support – Initial Allocation (10%): Including activities like MoveDrop – Foundation (10%): Used to support the network's operation and decentralized development

  • Early Supporters and Contributors (40%) – Early Contributors (17.5%): Including technical, product, and community development teams – Early Supporters (22.5%): Including funding, strategy, and consulting supporters

$MOVE Token Functions

1. Economic Security: By staking $MOVE, validators provide economic security to the network and earn rewards.

2. Transaction Fuel: On the Movement mainnet, $MOVE serves as the fuel token, with part of the fees used to pay for Ethereum mainnet transaction costs.

3. Governance and Decentralization: $MOVE holders can participate in governance proposals and future community activities to promote network engagement.

4. Native Asset: Applications on the Movement network can use $MOVE for asset liquidity, collateralization, and payments.

$MOVE Token Roadmap

  • Genesis Mainnet: Node operation starts

  • Deposit Contract: Building economic security on the Ethereum mainnet

  • Cross-Chain Functionality: Enabling the transfer of $MOVE between two networks

  • Validator Onboarding: Selecting and recruiting validator nodes

  • Staking Activation: Opening full staking functionality

  • Penalty Mechanism: Introducing penalties to maintain network integrity

Future features will include MoveStack, Shared Sequencing, and Multi-Staking to further strengthen network infrastructure.

Movement is recruiting a testing team

Movement Network states that over 200 teams have been recruited to contribute to its testnet, aiming to change the security and efficiency of the Ethereum ecosystem, with $MOVE as a key driving force, combining Move's built-in security features with Ethereum's network effects, bringing new opportunities for global smart contract innovation.

This article announces the launch of the $MOVE token by Movement Network, aiming to bridge the Move ecosystem with Ethereum, first appeared on Chain News ABMedia.

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