Movement Network, an Ethereum Layer 2 solution, has announced its highly anticipated $MOVE token airdrop, “MoveDrop.” The program, designed to reward early users and contributors, will distribute 10% of the total $MOVE token supply—equivalent to 1 billion tokens—across eligible participants. Registration is open until December 2, 2024, and participants can claim their rewards after the Token Generation Event (TGE), the date for which is yet to be announced. 

• 1 billion $MOVE tokens (10% of total supply) allocated via MoveDrop airdrop campaign for early users and community members.

• The snapshot for the MOVE airdrop was taken on November 23, 2024, while the registration for the airdrop ends on December 2, 2024 at 2 PM UTC. 

• Users can claim on Ethereum Mainnet or wait to claim on the Movement Network Mainnet for a 1.25x bonus.

Movement Network is a next-generation Ethereum Layer 2 blockchain built on the Move programming language. It enhances Ethereum with high transaction throughput, superior security, and near-instant finality. With over 200 teams building on its testnet, Movement Network is poised to redefine blockchain scalability and security.

Key Features of Movement Network

• Move Programming Language: Offers unparalleled security and efficiency for developers.

• Public Mainnet: Launching soon, settling transactions directly on Ethereum.

• Cross-Ecosystem Growth: Bridging Ethereum’s ecosystem with Move’s innovative features.

$MOVE is the native utility token of the Movement Network ecosystem. Represented as an ERC-20 token on Ethereum, it will also power the Movement Network’s native blockchain upon Mainnet launch.

Movement (MOVE) Token Utility

• Staking Rewards: Validators earn $MOVE for securing the network.

• Gas Fees: Used for transactions on Movement Network.

• Governance: Enables decentralized decision-making.

• Collateral and Payments: Powers native Movement Network applications.

Movement (MOVE) is now available for pre-market trading on KuCoin. Trade early to secure your position and preview $MOVE prices before the official launch.

MOVE token allocation: Source: Movement blog

• Maximum Supply: 10 billion tokens

• Community Allocation: 60% reserved for ecosystem and community initiatives.

• Initial Circulation: ~22% of tokens available post-TGE.

The MoveDrop program rewards early contributors through several initiatives:

1. Road to Parthenon: Participants who completed transactions or quests on Movement Testnet are eligible. Rewards are based on transaction count (up to 300) and quest completions. Anti-sybil measures apply.

2. Battle of Olympus: Hackathon winners and runners-up who contributed to the Movement ecosystem will receive allocations.

3. Gmove Campaign: Randomly selected users who tweeted “gmove” and participated in the #gmovechallenge will receive rewards.

4. Selected Communities: Key contributors from Discord roles, ambassador programs, and other groups are eligible.

5. Testnet Builders: Teams that built on Movement Testnet will receive allocations based on their contributions.

How to Register for MoveDrop

To claim your $MOVE tokens, follow these steps:

1. Check Eligibility: Ensure your wallet is eligible based on the November 23 snapshot.

2. Register on MoveDrop Website: Visit the MoveDrop official website to register before December 2, 2024.

3. Claim Tokens:

• Claim on Ethereum Mainnet after MOVE TGE.

• Wait for Movement Mainnet launch to claim a 1.25x bonus.

Why Join the MoveDrop?

Movement Network’s MoveDrop offers unparalleled opportunities for early adopters:

• Generous Allocation: A 10% initial airdrop allocation rewards loyal users.

• Bonus Claim: Mainnet claim offers a 1.25x multiplier.

• Strategic Utility: $MOVE token’s staking, governance, and transaction functionalities ensure long-term value.

When Is the Movement (MOVE) Airdrop? 

The snapshot for eligibility was taken on November 23, 2024. Registration for the airdrop is open until December 2, 2024, at 2 PM UTC. Participants can claim their tokens following the upcoming Token Generation Event (TGE), with the exact date to be announced. For the latest updates, please refer to official Movement Network channels.

The MoveDrop airdrop represents a significant milestone in Movement Network’s efforts to improve Ethereum scalability and security. It provides early adopters with an opportunity to claim $MOVE tokens and actively participate in shaping a decentralized and efficient Layer 2 ecosystem. However, as with any blockchain project, participation involves risks, including market volatility and potential security concerns. Always verify details through official Movement Network channels and exercise caution when interacting with third-party platforms.

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