Movement Network’s Token to Launch on Binance: MOVE is Now Live

2024-12-11 13:01

MOVE has debuted on the Binance Airdrop Portal, where BNB holders could claim MOVE tokens simply by participating in the HODLer Airdrop program. 

But the journey continues—after MOVE’s listing on Binance (2024-12-09 at 13:00 UTC), an additional 500M MOVE tokens will be allocated to Binance Launchpool, allowing users to earn more tokens by holding BNB.

Binance HODLer Airdrops

Binance HODLer Airdrops rewards BNB holders with token airdrops based on their current BNB balance. By subscribing BNB to Simple Earn, users automatically qualify for airdrops, as well as Launchpool and Megadrop rewards. No extra actions are needed to earn additional tokens.

To participate in Binance Simple Earn, create an account on Binance, go to the ‘Earn’ page, and subscribe to Simple Earn (Flexible/Locked) with your BNB. Binance takes hourly snapshots of your balance, and rewards will be credited to your Spot Wallet within 24 hours after the HODLer Airdrop announcement.

What is Movement Network?

Movement Network is the first Move-EVM L2 for Ethereum, offering a fast and secure user experience. Built on the Move programming language, originally developed by Facebook, it aims to create a modular blockchain ecosystem with seamless interoperability across networks.

Anticipated use cases of $MOVE include:

Staking & Delegation: Validators stake $MOVE to secure the network and earn rewards. Gas Fees: $MOVE is used for transaction fees on Movement Network L2 and other Move-based L2s built on MoveStack. Governance: $MOVE holders vote on proposals to shape the network’s future. Collateral & Liquidity: $MOVE is used as collateral, for liquidity, and as a native payment asset. Sequencer Decentralization.

Key features of Movement Network:

30k+ TPS: Achieved through Move’s parallel processing with Block-STM. Smart Contract Security: Move ensures safety by preventing traditional attack vectors. Fractal Interpreter: Enables Solidity contracts to run on MoveVM, offering full bytecode compatibility and parallel execution, allowing Move and EVM apps to coexist. Custom Rollups: Movement SDK allows teams to launch high-throughput rollups with execution-layer rollup frameworks.

The post Movement Network’s Token to Launch on Binance: MOVE is Now Live appeared first on BeInCrypto.

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