PANews reported on November 27 that the Movement Network Foundation announced the MoveDrop airdrop plan, aimed at rewarding early users and community members of Movement. MoveDrop will allocate 1,000,000,000 $MOVE (10% of the total supply) to the community, with eligible users including: Road to Parthenon participants, Battle of Olympus winners, Gmovers, designated communities, and Movement testnet builders.
Users can access the MoveDrop website and register, with a deadline of December 2, 2024, at 2 PM UTC. After the TGE (Token Generation Event), eligibility for MoveDrop can be checked and airdrops can be claimed. Failing to register on time will result in losing eligibility for the MoveDrop claim.
Users can choose to receive $MOVE on the Ethereum mainnet or wait until the Movement Network mainnet is launched (coming soon) to receive $MOVE, which will generate a 1.25x reward multiplier. The Movement Network Foundation also stated that it plans to distribute more $MOVE tokens in future events.
In yesterday's news, the Movement Network Foundation announced the MOVE token economics, with 60% allocated to the community.