PANews reported on November 26 that the Movement Network Foundation, the Move language infrastructure, officially announced the economic model of its token $MOVE. The total supply of $MOVE tokens is 10 billion, with an initial circulation of approximately 22%, of which 60% will be allocated to the community, including the ecosystem and community (40%), initial claims (10%), and the foundation (10%). The rest will be allocated to early contributors (17.5%) and early investors (22.5%). $MOVE tokens will be gradually unlocked within 60 months, and the team and investors will not be able to participate in staking in the early stages. The token's initial generation event (TGE) will be conducted on the Ethereum mainnet. After the mainnet is launched, holders can migrate to the Movement Network through a cross-chain method for gas fee payment, economic security staking, governance participation, and support for network decentralized operations.
Movement Network Foundation Announces MOVE Token Economics, 60% Allocated to the Community
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