PANews November 26 news, the Movement Network Foundation officially announced the economic model of its token $MOVE. The total supply of $MOVE tokens is 10 billion, with an initial circulation of about 22%. Of the total amount, 60% will be allocated to the community, including the ecosystem and community (40%), initial claims (10%), and the foundation (10%). The remaining portion is allocated to early contributors (17.5%) and early investors (22.5%). $MOVE tokens will be gradually unlocked over 60 months, and the team and investors will not be able to participate in staking initially. The initial token generation event (TGE) will take place on the Ethereum mainnet, and after the mainnet goes live, holders can migrate to the Movement Network through cross-chain methods for gas fee payments, economic security staking, governance participation, and supporting decentralized operation of the network.
