Binance Announces MOVE as Third Project on Airdrops Portal
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Source: crypto.ro global
Key points
Airdrop Details for Move (MOVE) HODLer
What is Movement (MOVE)?
More announcements about MOVE listing today
Key points
Binance will open trading on MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD, and MOVE/TRY.
Earlier, Upbit and Bithumb also announced the launch of MOVE.
Binance has just announced its third project on the Aidrops portal - Movement (MOVE).
According to the official announcement, users who staked their BNB in Simple Earn Flexible or Locked Products from December 2, 00:00 (UTC) to December 5, 23:59 (UTC) will receive their Airdrop distribution.
Binance also announced that at 13:00 (UTC) today, it will list MOVE with the Seed Tag app, and open trading for the following pairs:
MOVE/BTC
MOVE/USDT
MOVE/BNB
MOVE/FDUSD
MOVE/TRY
The exchange applies the Seed Tag to newer projects that may show more volatility compared to other projects already listed.
HODLer (MOVE) Airdrop Details
Maximum token supply: 10 billion MOVE
Token rewards for airdrops from HODLer: 20 million MOVE, representing 2% of the maximum token supply
Circulating supply at Binance listing: 2.25 billion MOVE, representing 22.5% of the maximum token supply
Smart Contract Details: Ethereum 0x3073f7aAA4DB83f95e9FFf17424F71D4751a3073
An additional 5% of the total token supply will be allocated to Launchpool 6 months after the spot listing.
The fixed maximum BNB holding will be calculated as follows: Average BNB holdings of a user in Simple Earn/Total average BNB holdings * 100 ≤ 4%. Binance has noted that if the holding ratio is greater than 4%, the BNB holding ratio will be calculated as 4%.
Binance HODLer Airdrops is a program that rewards BNB holders with token airdrops, based on historical snapshots of BNB balances.
The exchange also noted that users automatically become eligible for token airdrops, Launchpool, and Megadrop rewards by staking BNB in Simple Earn Flexible or Locked products.
What is Movement (MOVE)?
Movement is the first Move-EVM L2 for Ethereum. The project brings Move security features to Ethereum.
Movement offers the following features:
High security
High TPS
Almost instant finality
MOVE is the Movement utility token that will be used to achieve the goals of the Movement Network Foundation, according to a recent post on X by the team behind the project. MOVE will be used for gas and storage.
On November 25, Movement revealed details of the MOVE token distribution:
40% goes to the ecosystem and community
10% goes to initial claims.
10% goes to the foundation
17.5% goes to early shareholders
22.5% goes to early backers