ChainCatcher news, 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 total supply) to the community, eligible users include: 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 (coming soon), users can check MoveDrop eligibility and claim the airdrop. Failing to register on time will result in the loss of MoveDrop claim eligibility.
Users can choose to claim $MOVE on the Ethereum mainnet or wait to claim $MOVE after the Movement Network mainnet launches (coming soon), which will yield a 1.25x reward multiplier. The Movement Network Foundation has also indicated plans to distribute more $MOVE tokens in future events.
Earlier news yesterday, the Move language infrastructure Movement Network Foundation announced the tokenomics of its token $MOVE, with a total supply of 10 billion $MOVE, an initial circulation of about 22%, and 60% of the total supply will be allocated to the community, including ecosystem and community, foundation, and initial claims.
