The $Move that launched yesterday seems to be declaring to everyone: who says VC coins have no future? Movement Network, as an L2 developed using MOVE language on ETH, has already made a big splash before its mainnet launch. Yesterday, it was simultaneously listed on Binance, CB, and several Korean exchanges, which can be said to have a strong presence.
As a programmer with a background in Java, I would like to first discuss the MOVE language. The MOVE language and RUST language are both well-known in the industry for their focus on safety. Their language features are inherently suitable for blockchain environments, providing strict control over assets, such as concepts of single-use or linear-use, which can prevent common vulnerabilities like reentrancy attacks in smart contracts. For a while, I self-studied MOVE and RUST, but ultimately went from beginner to giving up...
Movement has achieved compatibility with EVM through Fractal, allowing smart contracts written in Solidity to run directly on Move, expanding developers' choices and the interoperability of the ecosystem. It is not just an L2 solution but a bridge connecting the Move and EVM ecosystems!
Next, let's look at project information. First, regarding token distribution, the current market circulation is 2.25 billion $MOVE.
Movement Network ($MOVE) TGE:
Total Supply: 10B MOVE
Initial Circulation: ~22%
Token Allocation:
60% Community & Ecosystem
40% Ecosystem Development (Staking Rewards & Incentives)
10% Foundation Operations
17.5% Early Contributors
22.5% Early Supporters
Token Use:
Staking: Participants can earn rewards by staking $MOVE while helping the network achieve economic security.
Gas Fees: Use $MOVE to pay transaction fees on the Movement Network's L2 public mainnet.
Governance: Users holding $MOVE can participate in network governance, proposing and voting on governance proposals.
Project Features:
MoveVM Technology: The Movement Network utilizes the Move virtual machine, emphasizing high security and high throughput while providing fast transaction finality.
High performance and parallel execution: Movement introduces parallel execution technology, allowing it to handle more transactions to increase throughput and reduce latency. This is similar to Move-based L1 chains like Aptos and Sui, but as an L2, it brings these performance advantages to the Ethereum ecosystem, enhancing the experience for users and developers.
Modular design: Movement offers the Move Stack, which is a modular framework that allows developers to build and deploy custom Move infrastructure and applications. This design enables developers to create high-performance and secure applications while maintaining compatibility with Ethereum.
Project Outlook:
Movement emphasizes community participation, rewarding contributors to the community through programs like MoveDrop, incentivizing the development of the ecosystem. This strategy aims to establish a broad user and developer base, focusing more on community-driven growth compared to some L2 projects.
Goal: To combine the security of the Move language with the liquidity of Ethereum to create an efficient and scalable blockchain network.
Innovation: To provide interoperability between MOVE and EVM, optimizing transaction speed and cost.
Ecosystem: Supporting developers in building new DApps, promoting the development of DeFi and NFT ecosystems.
Community Participation: Through the MoveDrop program, community members can earn $MOVE tokens as a reward for their contributions. This participation mechanism aims to create a user-driven network.
Therefore, as a project that has not yet launched its mainnet and is issuing tokens on ETH, the future growth potential of $MOVE should not be underestimated.
Hold on to BNB and join the ranks of BNB Holders 🚀
🤖 Register with the pinned code Y1OQZ8OD for a free experience of quantitative strategies 🧧 Message me to unlock the sub-account feature for free before registering.
