Binance will launch the native token MOVE of the Movement Network on December 9, 2024, at 20:00, providing BNB holders with an airdrop of 200,000,000 MOVE, nearly doubling the profits of the previous The airdrop, making it a delight for BNB holders. Let me first guide you through some basic information about Move.
- Project Background: Movement is a modular framework for building and deploying Move-based infrastructure, applications, and blockchains in a distributed environment. Its team is building products and services that enable non-Move protocols to leverage the powerful capabilities of the Move programming language without the need to write Move code.
- Technical Advantages: Composed of two core networks, M1 is a blockchain that seamlessly connects with APT, SUI, and EVM, with transaction fees decreasing over time; M2 is based on Celestia as the DA layer, and after the successful combination of $MOVE +EVM, it can process over 145,000 transactions per second, currently in the testing phase. Additionally, there is a Solidity language translator, which increases the project's scalability.
- Token Functions: It has economic security functions, where validators provide economic security to the network and earn rewards by staking MOVE; it serves as transaction fuel, used to pay for Ethereum mainnet transaction costs; holders can participate in governance and decentralization, engaging in governance proposals and community activities; it is also a native asset used for liquidity, collateral, and payments in applications on the Movement network.
- Token Distribution: The maximum supply is 10 billion tokens, with a circulation ratio of about 22%. The distribution ratio is 60% for the community, of which 40% is for the ecosystem and community, used for staking rewards, etc., 10% for initial applications, and 10% for the foundation; 40% for early supporters and contributors.
- Investment Background: Movement Labs has received investments from Binance and others, completing a $38 million Series A financing on April 25, 2024, and a $3.4 million Pre-seed round financing on September 13, 2023, with numerous star institutions participating.
With investment from Binance and technical support, it has also been listed as a new coin, and you can try purchasing and trading it.
