Movement Network’s MOVE Token to Be Listed on Binance Amid Airdrop Event

Movement Network, a new Ethereum Layer-2 blockchain built using Facebook’s Move programming language, is set to launch its native token, MOVE, with listings on leading cryptocurrency exchanges including Binance, Upbit, and Bithumb. The token will be made available to the public through an airdrop event that rewards early users and community members.

The MOVE token has a maximum supply of 10 billion tokens, with 10% of the total supply allocated to early users and community members as part of the airdrop initiative. Additionally, 22.5% of the token supply is reserved for early investors. Movement Labs raised $38 million in a Series A financing round led by Polychain Capital in April, further fueling the development of the network. Another 10% of the MOVE supply will be designated for the Movement Network Foundation to support future growth and innovation.

Movement Network is built on MoveVM, a virtual machine that uses the Move programming language, which was originally created by Facebook and is also used in the Sui and Aptos networks. The project aims to bring greater scalability and efficiency to decentralized applications by leveraging the capabilities of Move. Airdrop claims for MOVE can be made initially on the Ethereum network, although users can choose to claim later on the Move network to receive a 1.25x token boost.

The MOVE token will be listed on Binance at 13:00 UTC, and it will be available on Upbit at 20:00 local time. Binance is one of the world’s largest cryptocurrency exchanges, providing a comprehensive range of trading and financial services to users around the globe. To sign up or learn more, check out our full Binance review.

About Movement Network

Movement Network is an Ethereum Layer-2 blockchain project that utilizes the Move programming language to improve the scalability and performance of decentralized applications. By focusing on high throughput and low latency, Movement Network aims to offer a robust infrastructure for developers and users in the evolving blockchain ecosystem.