What is Movement Network (MOVE)?

Movement Network is a Layer 2 (L2) blockchain built on Ethereum using the Move programming language. It bridges the Move and Ethereum Virtual Machine (EVM) ecosystems to create secure, high-performance, and interoperable blockchain applications.

Key Use Cases for MOVE Token

  1. Staking & Rewards: Validators stake MOVE to secure the network and earn rewards.

  2. Gas Fees: MOVE is used to pay transaction fees on Movement Network and other Move-based L2s.

  3. Governance: MOVE holders can vote on proposals to shape the network’s future.

  4. Collateral & Payments: MOVE is used for liquidity, collateral, and as a native payment asset.

Why Movement Network Stands Out

  • High Speed: Processes over 30,000 transactions per second (TPS) using advanced parallel processing.

  • Strong Security: Leverages the Move language to prevent common smart contract attacks.

  • Interoperability: Its flagship tool, Fractal, allows Solidity contracts to run on the MoveVM, supporting both EVM and Move applications.

  • Custom Rollups: Developers can create scalable blockchains using the Movement SDK.

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. Our circulating supply will be between 22.5%.

Key metrics (as at December 9th 2024)

  • Token Name: MOVE

  • Token Type: [ERC-20, Native]

  • Initial Circ. Supply When Listed on Binance: 22.5%

  • Total and Maximum Token Supply: 10,000,000,000

  • Current Circulating Supply: 22.50%

  • HODLer Airdrop Allocation: 2.00% (Season 1)

The Vision

Movement Network aims to combine the security of the Move language with Ethereum’s liquidity to create a scalable, user-friendly blockchain ecosystem. It empowers developers to build innovative decentralized apps and rollups while advancing global blockchain adoption.

In Simple Terms:

Movement Network makes blockchains faster, safer, and more connected while giving its community tools to shape its future. MOVE is the core token driving this ecosystem forward.

More detail

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