1. Project Overview
Movement Network is a dynamic ecosystem of modular, Move-based blockchains designed to empower developers in creating secure, high-performance, and interoperable blockchain applications. By bridging the Move and EVM ecosystems, it facilitates seamless integration and collaboration between different blockchain platforms, enabling greater flexibility and innovation in decentralized applications.
2. Token Information
Token Name: $MOVE
Token Type: ERC-20(Native)
Total Supply: 10,000,000,000
Initial Circulating Supply: 2,250,000,000(22.5%)
3. Token Utility
Staking & Delegation for Network Security: Validators stake $MOVE to ensure the network's security and earn staking rewards in return for their contributions.
Transaction Fees: $MOVE is the primary currency used to pay for gas fees on the Movement Network L2 and other L2 networks built on MoveStack.
Governance Participation: $MOVE holders can engage in the governance process, voting on proposals to influence the future development and decisions of the Movement network.
Collateral and Liquidity: $MOVE serves as collateral in decentralized applications, facilitates liquidity provisioning, and acts as the native payment asset within the ecosystem.
Sequencer Decentralization
4. Project Highlights
30k+ TPS: Thanks to Move's parallel processing capabilities powered by Block-STM, the network can handle over 30,000 transactions per second.
Smart Contract Security: Move enhances smart contract safety by mitigating traditional attack vectors, offering a more secure environment for decentralized applications.
Fractal Interpreter: Movement Network’s Fractal interpreter enables Solidity contracts to compile on MoveVM, supporting parallel execution. It ensures full bytecode compatibility, allowing both Move and EVM applications to coexist seamlessly.
Execution-Layer Rollups: The Movement SDK provides execution-layer rollup frameworks, enabling teams to launch custom, high-throughput rollups tailored to their specific needs.