Data sources: Golden Finance, Movement Network Foundation, Binance, Movement official website, white paper compilation: Golden Finance

On December 9, 2024, Binance announced that the Binance HODLer airdrop has now been launched for the third phase of project Movement (MOVE), the first Move-EVM L2 for Ethereum, which will be security features brought to Ethereum.

Use the BNB subscription and earning platform from 08:00 on December 2, 2024 to 07:59 on December 6, 2024 (East Eighth District time) Users of regular and/or current products will receive airdrop allocations. The MOVE HODLer airdrop page is expected to go live within five hours, and new tokens will be distributed to users’ spot wallets one hour before trading begins.

Binance will list Movement (MOVE) at 21:00 on December 9, 2024 (Eastern Eighth District time), and open MOVE/BTC, MOVE/ USDT, MOVE/BNB, MOVE/FDUSD and MOVE/TRY trading pairs. Seed tag trading rules apply.

About Binance HODLer Airdrop

Binance HODLer Airdrop takes a historical snapshot based on the user’s BNB capital-guaranteed and profitable currency holdings, and rewards BNB holders with token airdrops. By using BNB to subscribe for regular and/or current products on the Token Earning Platform, users will automatically be eligible for HODLer airdrops (as well as Launchpool and Megadrop rewards).

Different from other ways of earning coins that require continuous operations, HODLer airdrops reward users in the form of backtracking, providing a simpler way to earn additional coins. By using BNB to subscribe for coin-earning platform products, users can automatically receive token rewards.

1. MOVE HODLer airdrop details

Token name: Movement (MOVE)

Token Current total maximum supply: 10,000,000,000 MOVE

Circulating supply before Binance listing: 2,250,000,000 (22.5% of maximum supply)

Six months after the spot listing, an additional 5% of the maximum supply of tokens will be allocated to Launchpool

Total amount of HODLer airdrop tokens: 200,000,000 MOVE (accounting for 2% of the maximum token supply)

Smart contract details: Ethereum, 0x3073f7aAA4DB83f95e9FFf17424F71D4751a3073

BNB position hard cap: average BNB position number of a single user / total average BNB position number * 100% ≤ 4%, (if the holding ratio is greater than 4%, the BNB holding ratio will be calculated as 4%)

2. Movement project introduction

Movement is a modular framework , for building and deploying Move-based infrastructure, applications, and blockchains in any distributed environment. The team is building a suite of products and services that enable non-Move protocols to leverage the power of the Move programming language without writing a single line of Move code. The team's first release, M1, redefines L1 as a vertically composable and horizontally scalable Layer 1 framework that is compatible with Solidity, connects EVM and Move fluidity, and allows builders to customize their applications with diverse user bases and Liquid modular and interoperable application chains available out of the box.

The founding team and project vision

Movement Labs is led by former Aptos engineer Rushi Manche and Block Co-founded by chain entrepreneur Cooper Scanlon. Both founders have participated in the technical development of Libra/Diem and have profound blockchain technology background and industry insights. The original intention of Movement Labs was to promote the Move language developed by Facebook (now Meta) in the Libra/Diem project as a standard for blockchain smart contracts, and to build a secure, efficient, and extremely scalable blockchain foundation. facility.

Members of the team come from many well-known blockchain projects, including Biconomy, Sui/Mysten Labs, Fluid Finance, etc. groupTeam members have extensive experience in blockchain development and financial technology, and are committed to building a blockchain platform that can support high-throughput transactions and secure digital asset management.

The Movement Foundation is the driving force behind the Movement ecosystem and is dedicated to fostering innovation, supporting developers, and driving adoption of MoveVM technology. Movement is a cutting-edge layer 2 solution built using MoveVM, designed to provide developers with a powerful, efficient, and scalable platform to create the next generation of decentralized applications.

3. Token Economics

The maximum supply of $MOVE is 10,000,000,000 tokens, and the initial circulating supply is approximately 22%. $MOVE will be available on the Ethereum mainnet and represented as ERC-20. With the release of the Movement Network public mainnet, $MOVE will also be listed on the Movement Network.

The majority (60%) of $MOVE will be allocated to the network community - covering the ecosystem and community, foundation and initial claims portion.

Ecosystem + Community (40%)

40% of $MOVE tokens are reserved for the ecosystem.

Staking rewards: reserved for future distribution of validator rewards on the network.

Ecosystem Program: Reserved for future allocation of grants to teams on the network. Grants are awarded based on the achievement of certain predefined milestones.

Incentives and Liquidity Supply: Reserve incentives for future allocations to use Movement Network and provide liquidity to bootstrap the Movement Network DeFi ecosystem.

Initial Claim (10%)

10% of $MOVE tokens will be distributed to the Movement Network community through MoveDrop and other initial claim activities.

Foundation (10%)

10% of $MOVE tokens are reserved to support the ongoing operations of the Movement Network Foundation as they manage the growth, development, and decentralization of the Movement Network Foundation.

Early Contributors ( 17.5%)

17.5% of $MOVE tokens are reserved for early contributors to the Movement Network - who are primarily from Movement Labs. These early contributors come from engineering, product, community and marketing, business development, strategy and other work streams

Early backers (22.5%)

22.5%. The $MOVE tokens are reserved for early supporters of Movement Network - those who provide financial, consulting and strategic support for Movement Network

IV. Roadmap

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Movement Network's TGE strategy highlights the importance of launching $MOVE, the native token of the Movement Network ecosystem with the capabilities described above. In the process, we create the foundational utilities our network relies on , and ensure that users have the necessary resources to effectively participate in the movement network after launch

As $MOVE. As part of the launch, we began building economic security by introducing liquidity deposit contracts. This process is an integral part of bootstrapping network security and is designed to be executed in multiple stages starting with TGE and continuing through the launch of the Movement Network’s public mainnet: < /p>

Mainnet genesis: Network generation, selected node operators will be able to run follower nodes

Deposit contract on Ethereum mainnet: By allowing users to $MOVE on the Ethereum mainnet Deposit into a Liquid Deposit Contract and start building financial security.

Bridge $MOVE to Movement Network: Facilitate the transfer of $MOVE to Movement Network.

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Enable staking: Open up complete staking functionality to a wider user base.

Add a penalty mechanism: Punish malicious behavior to maintain network integrity.

After the Movement Network public mainnet is launched, other roadmap projects will follow:

Mobile stack

Shared sequencing

MEVM

Multiple pledge