Foresight News reports that the Movement Foundation has announced the token economics 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, which includes the ecosystem and community (40%), the foundation (10%), and initial claims (10%). Early contributors will receive 17.5% allocation, while early investors will receive 22.5%. MOVE tokens will be gradually unlocked over 60 months and will have their Token Generation Event (TGE) on the Ethereum mainnet. The team and investors will not be able to participate in staking initially. The Movement Foundation stated that after the MOVE token goes live on the mainnet (coming soon), MOVE holders will be able to migrate across chains to the Movement Network. MOVE tokens serve as the core asset of Movement, with use cases including staking, gas fees, governance, and decentralization.

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