CoinVoice has learned that the Movement Network Foundation has announced the MoveDrop airdrop program 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 by December 2, 2024, at 2 PM UTC. After the TGE (Token Generation Event), users can check their eligibility for MoveDrop and claim airdrops. Failure to register on time will result in losing eligibility for MoveDrop claims.
Users can choose to claim $MOVE on the Ethereum mainnet or wait until after the Movement Network mainnet (coming soon) to claim $MOVE, which will yield a 1.25x reward multiplier. The Movement Network Foundation has also stated that it plans to distribute more $MOVE tokens in future events.
It was recently reported that the Movement Network Foundation announced the tokenomics of its token $MOVE, with a total supply of 10 billion $MOVE tokens, an initial circulation of about 22%, and 60% of the total supply allocated to the community, including ecosystems and communities, the foundation, and initial claims. [Original link]