Movement testnet is over, official announcement of the token $MOVE and its economics.
Total Supply: 10 billion $MOVE
Initial Circulating Supply: 22.5%
Token Distribution:
40% for Ecosystem and Community
10% Initial Issuance
10% Foundation
17.5% Early Contributors
22.5% Early Supporters
$MOVE Functionality
1. As Gas
2. Staking Validator Nodes
3. Do a split token
I won't read out the other things in the press release, even if I finish reading it you won't look.
Here are a few key points:
1. MOVE should learn from the experiences and lessons of previous failed L2s, quickly issuing tokens instead of choosing to drag out for a few years.
2. @rushimanche is one of the few North American L1/2 founders I have personally discussed the three-game theory with. Regardless of whether it was really adopted, using $MOVE as gas and as a trading pair is definitely the right move.
3. An interesting point, the Movement mainnet will be compatible with APTOS wallets and addresses @Nightly_app @RazorDAO. If that's the case, life will be even harder for APTOS in the future.
No more talk, go pray to the dragon lady for a good listing.