Movement Network Foundation is committed to providing various utilities for $MOVE.
Today, we officially unveil $MOVE!
$MOVE is the utility token of Movement, which will be used to achieve the goals of the Movement Network Foundation.
60% of the total supply of $MOVE will be allocated to the community, including the ecosystem and community, the foundation, and the initial claim distribution.
Now, let's dive deeper into $MOVE!
First, let's review the features of Movement:
Movement is the first Move blockchain based on Ethereum, offering higher security, high TPS, and near-instant final confirmation.
Unlike most Ethereum L2s, $MOVE is the native token of Movement, used for paying Gas and staking.
$MOVE Token Distribution
40% Ecosystem + Community
10% Initial Claim
10% Foundation
17.5% Early Contributors
22.5% Early Investors
Total supply of $MOVE: 10 billion, initial circulation of $MOVE: ~22%.
The $MOVE token will undergo TGE on the Ethereum mainnet as an ERC-20 token. After the launch of the Movement public mainnet (coming soon), $MOVE holders will be able to migrate cross-chain to Movement.
$MOVE will gradually unlock over 60 months. The team and investors will not be able to participate in staking initially.
$MOVE Token Use Cases
The Movement Network Foundation is committed to providing various utilities for $MOVE, including:
1. Economic Security Staking
Once the Movement public mainnet is launched and supports staking, validators will be able to stake $MOVE. By providing economic security for Movement, active validators will earn staking rewards in $MOVE.
2. Gas Fees
The Gas fees on the Movement network are priced and paid in $MOVE, with a portion of the fees used for transaction settlement on Ethereum. In the future, L2s built on MoveStack are also expected to use $MOVE to pay Gas fees.
3. Governance and Decentralization
In the future, the community will play a key role in the governance of the Movement Network. $MOVE holders can propose governance proposals and vote on network parameter adjustments.
4. Native Asset of Movement Network
$MOVE will become the native asset of the Movement Network, and DApps on the Movement Network can use it for:
Asset Liquidity
Collateral
Payments
More Scenarios
Why launch $MOVE before the mainnet goes live?
This is to establish the post-confirmation mechanism correctly.
The post-confirmation mechanism enables Movement to achieve transaction final confirmations in as fast as 1 second (or even shorter). The post-confirmation mechanism of Movement requires pre-established economic security. By establishing the economic security of $MOVE (through liquidity deposit contracts) before the mainnet launch, we can optimize the post-confirmation mechanism in a real environment.
https://blog.movementlabs.xyz/article/postconfirmations-L2s-rollups-blockchain-movement
By combining the security of Move with the efficiency of MoveVM and the network effects of Ethereum, Movement brings a significant leap to Ethereum. $MOVE will play a key role in realizing our vision, and we are excited about the future of the Movement Network!
Stay tuned for more exciting content!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
