{"id":17980,"date":"2024-12-11T03:17:20","date_gmt":"2024-12-11T03:17:20","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2024\/12\/11\/what-is-movement-move-the-3rd-project-on-binance-hodler-airdrops\/"},"modified":"2024-12-11T03:17:20","modified_gmt":"2024-12-11T03:17:20","slug":"what-is-movement-move-the-3rd-project-on-binance-hodler-airdrops","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2024\/12\/11\/what-is-movement-move-the-3rd-project-on-binance-hodler-airdrops\/","title":{"rendered":"What is Movement (MOVE)? The 3rd Project on Binance HODLer Airdrops"},"content":{"rendered":"<p><\/p>\n<div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Movement_MOVE\"\/><b>What is Movement (MOVE)?<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<h3><b>Project Overview<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Movement Network is a pioneering blockchain ecosystem designed to merge the security of the Move programming language with Ethereum\u2019s liquidity. As the first Move-EVM Layer 2 (L2) for Ethereum, Movement offers developers a high-performance platform to create secure, scalable, and interoperable decentralized applications (dApps). This innovative solution bridges the gap between Move and Ethereum ecosystems, enhancing user experience and blockchain capabilities.<\/span><\/p>\n<h3><b>Mission and Value Proposition<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">At its core, Movement seeks to enhance blockchain accessibility by merging the best of Move and Ethereum ecosystems. The mission revolves around:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bridging Move and EVM:<\/b><span style=\"font-weight: 400;\"> Through the innovative Move-EVM (MEVM) compatibility layer, Movement enables seamless integration between the two ecosystems.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Empowering Developers<\/b><span style=\"font-weight: 400;\">: The network\u2019s robust infrastructure and developer-friendly tools provide a fertile ground for creating scalable appchains and high-throughput decentralized applications.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Enhancing Interoperability<\/b><span style=\"font-weight: 400;\">: Movement fosters a modular blockchain environment where networks coexist, offering unparalleled scalability and user accessibility.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The project\u2019s value lies in its ability to integrate cutting-edge technologies like MoveStack and the Fractal interpreter, ensuring high throughput (30k+ TPS) and enhanced smart contract safety. This makes Movement a game-changer for blockchain interoperability and innovation.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Movement_Network\"\/><b>Movement Network<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<h3><b>Key Aspects<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Movement Network stands out with its advanced features, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>30,000+ TPS <\/b><span style=\"font-weight: 400;\">via parallel processing with Block-STM.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Smart contract security<\/b><span style=\"font-weight: 400;\"> through Move mitigating traditional vulnerabilities, reducing attack risks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fractal interpreter<\/b><span style=\"font-weight: 400;\"> enabling Solidity contract compilation on MoveVM for interoperability.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Modular frameworks for customizable rollups using the Movement SDK.<\/span><\/li>\n<\/ul>\n<h3><b>Consensus Mechanism<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Movement Network employs a <\/span><b>fast-finality settlement mechanism<\/b><span style=\"font-weight: 400;\"> supported by validators staking $MOVE. This approach offers a secure and efficient alternative to traditional rollups, enhancing network reliability and performance.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"MOVE_Token\"\/><b>$MOVE Token<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<h3><b>Token Distribution<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The $MOVE token has a <\/span><b>maximum supply of 10 billion tokens<\/b><span style=\"font-weight: 400;\">, with an initial circulating supply of 2.25 billion (22.5% of the total supply) at the time of listing. The distribution model ensures a fair allocation across various stakeholders, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Ecosystem and Community (40%):<\/b><span style=\"font-weight: 400;\"> Includes staking rewards, grants for development teams, and incentives for DeFi ecosystem growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Initial Claims (10%):<\/b><span style=\"font-weight: 400;\"> Reserved for the community through programs like the MoveDrop and other onboarding initiatives.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Foundation (10%):<\/b><span style=\"font-weight: 400;\"> Supports the ongoing development, growth, and decentralization efforts of the Movement Network Foundation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Early Contributors (17.5%):<\/b><span style=\"font-weight: 400;\"> Allocated to Movement Labs contributors who played key roles across engineering, product, and strategy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Early Backers (22.5%):<\/b><span style=\"font-weight: 400;\"> Reserved for financial and strategic supporters during the network\u2019s early stages.<\/span><\/li>\n<\/ul>\n<p><\/p>\n<h3><b>Token Utility<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The $MOVE token serves multiple purposes within the ecosystem:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Staking for Economic Security:<\/b><span style=\"font-weight: 400;\"> Validators stake $MOVE to support the network\u2019s novel fast-finality settlement mechanism, ensuring economic security while earning staking rewards.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Gas Fees:<\/b><span style=\"font-weight: 400;\"> All transaction fees on the Movement Network Mainnet L2 are paid in $MOVE, with a portion allocated to settle transactions on Ethereum. Future L2s built with MoveStack are also expected to use $MOVE for gas fees.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Governance and Decentralization:<\/b><span style=\"font-weight: 400;\"> $MOVE holders can participate in governance by voting on proposals, helping decentralize decision-making and shaping the network\u2019s future.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Native Asset:<\/b><span style=\"font-weight: 400;\"> Applications on the Movement Network leverage $MOVE for liquidity, collateralization, and payments, solidifying its role as the ecosystem\u2019s core token.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"MOVE_HODLer_Airdrops_Details\"\/><b>MOVE HODLer Airdrops Details<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Binance has allocated <\/span><b>200 million MOVE tokens<\/b><span style=\"font-weight: 400;\"> (2% of the total supply) for the HODLer Airdrops program. Users who subscribed their BNB to <\/span><b>Simple Earn Flexible or Locked products<\/b><span style=\"font-weight: 400;\"> during the eligibility period will receive airdrops directly to their Spot Wallet.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Listing Date: <\/b><span style=\"font-weight: 400;\">December 9, 2024, with trading pairs including MOVE\/BTC, MOVE\/USDT, and more.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Total and Max Token Supply: <\/b><span style=\"font-weight: 400;\">10 billion MOVE.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Initial trading pairs<\/b><span style=\"font-weight: 400;\">: MOVE\/BTC, MOVE\/USDT, MOVE\/BNB, MOVE\/FDUSD, and MOVE\/TRY.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Circulating Supply Upon Listing:<\/b><span style=\"font-weight: 400;\"> 2.25 billion MOVE.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Additional Rewards:<\/b><span style=\"font-weight: 400;\"> 5% of the total token supply allocated to Launchpool six months after the listing.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"About_Binance_HODLer_Airdrops\"\/><b>About Binance HODLer Airdrops<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<h3><b>Participation: Terms &amp; Conditions<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">To qualify for HODLer Airdrops, users must meet requirements such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Users must subscribe to BNB Simple Earn Flexible or Locked products during the eligibility period.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Account verification (KYC) is mandatory, and users must reside in eligible jurisdictions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tokens are distributed retroactively based on historical BNB balance snapshots.<\/span><\/li>\n<\/ul>\n<h3><b>How to Benefit from HODLer Airdrops<\/b><\/h3>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Head to Binance\u2019s [Earn] section, choose BNB, and subscribe to Simple Earn Products.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Binance takes hourly snapshots of BNB balances during the eligibility period.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rewards are distributed to Spot Wallets within 24 hours after the program ends.<\/span><\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"\/><b>Conclusion<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Movement Network brings a transformative upgrade to Ethereum, combining Move\u2019s 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 central to creating a secure and efficient Layer 2 ecosystem.<\/span><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/nftevening.com\/what-is-movement\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=what-is-movement\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is Movement (MOVE)? Project Overview Movement Network is a pioneering blockchain ecosystem designed to merge the security of the Move programming language with Ethereum\u2019s liquidity. As the first Move-EVM Layer 2 (L2) for Ethereum, Movement offers developers a high-performance platform to create secure, scalable, and interoperable decentralized applications (dApps). This innovative solution bridges the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2024\/12\/Move.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/17980"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=17980"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/17980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/17981"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=17980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=17980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=17980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}