What is MOVE?
Project Overview
Movement Network is a groundbreaking blockchain ecosystem designed to blend the security of the Move programming language with the liquidity of Ethereum. As Ethereum’s first Move-EVM Layer 2 (L2), Movement provides developers with a high-performance platform to create secure, scalable and interoperable decentralized applications (dApps). This innovative solution bridges the gap between Move and the Ethereum ecosystem, enhancing user experience and blockchain functionality.
Mission and value proposition
At its core, Movement is designed to enhance blockchain accessibility by integrating the best of the Move and Ethereum ecosystems. Mission revolves around:
- Bridging Move and EVM: Through its innovative Move-EVM (MEVM) compatibility layer, Movement enables seamless integration between the two ecosystems.
- Empower developers: The network’s robust infrastructure and developer-friendly tools provide fertile ground for creating scalable application chains and high-throughput decentralized applications.
- Enhance interoperability:Movement promotes a modular blockchain environment for network coexistence, providing unparalleled scalability and user accessibility.
The value of this project lies in its ability to integrate cutting-edge technologies such as MoveStack and Fractal interpreters to ensure high throughput (30k+ TPS) and enhanced smart contract security. This makes Movement a game-changer for blockchain interoperability and innovation.
sports network
key aspects
Movement Network stands out with its advanced features, including:
- 30,000+ TPS Parallel processing through Block-STM.
- Smart contract security Use Move to mitigate traditional vulnerabilities and reduce attack risks.
- fractal interpreter Enable Solidity contract compilation on MoveVM for interoperability.
- A modular framework for customizable summarization using Movement SDK.
consensus mechanism
Sports Network Adoption Fast final settlement mechanism Backed by validators staking $MOVE. This approach provides a secure and efficient alternative to traditional aggregation, thereby enhancing network reliability and performance.
$MOVE token
Token distribution
The $MOVE token has a Maximum supply 10 billion tokensthe initial circulation volume at the time of listing was 2.25 billion (accounting for 22.5% of the total supply). The distribution model ensures fair distribution among various stakeholders, including:
- Ecosystems and Communities (40%): Including staking rewards, funding for development teams, and incentives for the development of the DeFi ecosystem.
- Initial claim (10%): Retention for the community through programs like MoveDrop and other onboarding programs.
- Foundation (10%): Support the continued development, growth and decentralization efforts of the Sports Network Foundation.
- Early Contributors (17.5%): Assigned to Movement Labs contributors who play key roles in engineering, product, and strategy areas.
- Early supporters (22.5%): Reserved for financial and strategic backers in the early stages of the network.
Token Utility
The $MOVE token has multiple uses in the ecosystem:
- Staking for financial security: Validators staking $MOVE supports the network’s novel fast final settlement mechanism, ensuring economic security while receiving staking rewards.
- Gasoline cost: All transaction fees on Movement Network mainnet L2 are paid in $MOVE, a portion of which is allocated to settle transactions on Ethereum. In the future, L2 built using MoveStack is also expected to use $MOVE to pay gas fees.
- Governance and Decentralization: $MOVE holders can participate in governance by voting on proposals, helping to decentralize decision-making and shape the future of the network.
- Native assets: Applications on the Movement Network leverage $MOVE to provide liquidity, staking, and payments, solidifying its role as the core token of the ecosystem.
MOVE HODLer airdrop details
Binance has been allocated 200 million MOVE tokens (2% of total supply) for the HODLer airdrop program. Users who subscribe to BNB Earn simply with flexible or locked products will receive airdrops directly into their Spot wallet during the qualification period.
- Listing date: On December 9, 2024, trading pairs include MOVE/BTC, MOVE/USDT, etc.
- Total token supply and maximum token supply: 10 billion mobile.
- Initial trading pair: MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD and MOVE/TRY.
- Circulation volume after listing: 2.25 billion mobile.
- Extra bonus: Six months after listing, 5% of the total token supply is allocated to Launchpool.
About Binance HODLer Airdrop
Participation: Terms and Conditions
To qualify as a HODLer air investor, users must meet the following requirements:
- Users must subscribe to the BNB Simple Earn flexible or locked product during the qualification period.
- Account verification (KYC) is mandatory and users must reside in an eligible jurisdiction.
- Tokens are distributed retroactively based on historical BNB balance snapshots.
How to benefit from HODLer airdrops
- Go to Binance [Earn] section, select BNB, and subscribe to Simple Earn Products.
- Binance generates BNB balance snapshots every hour during the qualification period.
- Rewards will be distributed to the Spot wallet within 24 hours after the event ends.
in conclusion
Movement Network brings a transformative upgrade to Ethereum, combining Move’s superior security features with the network effects of the leading smart contract platform. With over 200 teams actively building on the Movement testnet, $MOVE is critical to creating a secure and efficient layer 2 ecosystem.
