Hi guys! Binance announce the third project on Binance Airdrops Portal - Movement (MOVE), the first Move-EVM L2 for Ethereum, bringing Move's security features onto Ethereum.
Before I share about Binance HODLer Airdrops, I want to tell you guys more deeply about Movement (MOVE).
1️⃣ Movement Network is the first Move-EVM L2 for Ethereum, offering the fastest and most secure user experience on Ethereum. Movement Network is building a modular blockchain ecosystem powered by the Move programming language, a secure, resource-centric framework originally designed by Facebook.
Movement’s mission is to bring Move execution to diverse environments and enable seamless interoperability between blockchain networks.
➡️ Project mission
At the core of Movement’s vision is the integration of cutting-edge technologies such as Movement Network, and the Move Stack, which combine to deliver a secure, scalable, and developer-friendly infrastructure. By bridging Move with Ethereum via their innovative Move-EVM (MEVM) compatibility layer, Movement fosters a unified blockchain landscape that enhances liquidity, scalability, and user accessibility.
Movement Network’ ecosystem is centered on empowering developers to create innovative decentralized applications, rollups, and infrastructure while advancing the adoption of decentralized technologies globally.
➡️ Project value proposition
Movement Network is revolutionizing blockchain scalability and security by leveraging the Move programming language, designed for resource-centric smart contracts and enhanced safety. By integrating Move with Ethereum through the innovative Move-EVM (MEVM) Layer 2, Movement combines the best of both ecosystems—Move’s security and Ethereum’s liquidity. This modular framework enables developers to deploy high-performance appchains and decentralized applications, fostering innovation and expanding blockchain interoperability. With its fast-finality mechanisms and robust infrastructure, Movement positions itself as the cornerstone of next-generation decentralized ecosystems.
➡️ Project Key Highlights
Core aspects of Movement Network are:
30k+ TPS due to Move's parallel processing capabilities through Block-STM.
Smart contract safety and security via Move, stopping the majority of traditional attack vectors.
Movement Network's flagship interpreter, Fractal, which enables Solidity contracts to compile on MoveVM and parallelize, while offering full bytecode-compatbility and allowing Move and EVM applications to co-exist.
Execution-layer rollup frameworks for teams to launch custom high-throughput rollups via the Movement SDK.
➡️ Anticipated use cases include:
Staking & Delegation for Economic Security: Validators stake $MOVE to secure the network and earn staking rewards.
Gas Fees: $MOVE powers transaction fees for Movement Network L2 and other Move-based L2s built on MoveStack.
Governance: $MOVE holders participate in network governance, voting on proposals to shape the future of Movement.
Collateral and Liquidity: Applications use $MOVE as collateral, for liquidity provisioning, and as a native payment asset.
Sequencer decentralization.
➡️ Consensus Mechanism:
Movement uses a fast-finality settlement mechanism secured by validators staking $MOVE. This novel approach is designed as an alternative to traditional optimistic and validity rollups.
➡️ Movement Network has raised a $3.4mm Pre-Seed in Sep 2023.
Movement Network raised a $38mm Series A in April 2024, led by Polychain Capital.
Movement Network raised a Strategic Round in May 2024 with Binance Labs.
➡️ As at Dec 9th 2024, the total supply of MOVE is 10,000,000,000. Movement (MOVE) circulating supply will be between 22.5%.
More information about Movement (MOVE), you guys can access via this link 👉🏻 click here
So now, what is Binance HODLer Airdrops?
2️⃣ Binance HODLer Airdrops is a program that rewards BNB holders with token airdrops based on historical snapshots of their BNB balances. By subscribing BNB to Simple Earn Flexible or Locked products, users are automatically eligible for HODLer Airdrops (as well as Launchpool and Megadrop rewards).
Unlike other earning methods that require ongoing actions, HODLer Airdrops reward users retroactively, offering a simple way to earn additional tokens. By subscribing BNB to Simple Earn products, users can automatically qualify for token rewards.
➡️ How to Benefit from HODLer Airdrops
Head to (Earn) and search for BNB.
Subscribe to Simple Earn products (Flexible and/or Locked) with your BNB holdings.
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances in Simple Earn products (Flexible and/or Locked). Binance will use historical snapshots of user balances at random periods after this announcement to calculate user rewards.
For example, reward calculation for HODLer Airdrops on 2024-06-11 may use snapshots of user balances between 2024-06-01 to 2024-06-07 as reference.
Eligible users will receive HODLer Airdrops rewards in their Spot Wallets within 24 hours after the HODLer Airdrops is announced.
3️⃣ Movement (MOVE) on Binance HODLer Airdrops!
Users who subscribed their BNB to Simple Earn Flexible or Locked products from 2024-12-02 00:00 (UTC) to 2024-12-05 23:59 (UTC) will get the airdrop distribution. The MOVE HODLer Airdrops page is estimated to be available in 5 hours, and the new token will be distributed to users’ Spot Wallet 1 hour before trading starts.
Binance will then list MOVE at 2024-12-09 13:00 (UTC) and open trading with MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD and MOVE/TRY trading pairs.
MOVE HODLer Airdrops Details
Token Name: Movement (MOVE)
Total and Max Token Supply: 10,000,000,000 MOVE
HODLer Airdrops Token Rewards: 200,000,000 MOVE (2% of max token supply)
Additional 5% of total token supply will be allocated to Launchpool six months after spot listing.
Circulating Supply upon Listing on Binance : 2,250,000,000 (22.5% of max token supply)
Smart Contract Details: Ethereum, 0x3073f7aAA4DB83f95e9FFf17424F71D4751a3073
Research Report: Movement (MOVE) (will be available within 1 hour of publishing this announcement)
BNB holding hard cap: User’s average BNB holdings in Simple Earn/ Total average BNB holding * 100% ≤ 4% (If the holding ratio is greater than 4%, the BNB holding ratio will be calculated as 4%)
