Around 2019, Facebook tried to enter the crypto ecosystem. Slowed down by regulators, Project Diem ends up forgotten. However, for this project, Facebook developed a new one programming language for smart contracts: Move. This is used by several blockchains such as Sui Or Aptos. Now a new layer 2 is appearing in the Move ecosystem: Movement.
- Movement Network was created as a hybrid layer 2 connecting the Move and Ethereum ecosystems, which facilitates the deployment of complex applications. The Movement Foundation has announced the launch of the MOVE token, which will be used for governance and as a gas token, with strategic distribution via airdrop and other allocations.
Movement: layer-2 that wants to connect Move and Ethereum
Movement is layer-2 of the Ethereum ecosystem, which aims to act as a bridge with the Move programming language ecosystem. However, it differentiates itself from solutions like Aptos or Sui by adopting a hybrid approach.
So the goal of Movement is to connect The Move and Ethereum Ecosystems. It integrates language for this MoveV while supporting a EVM (Ethereum Virtual Machine) interpreter..
Movement therefore allows Move developers access to the Ethereum ecosystem, including its high liquidity and well-established tools such as MetaMask. This makes it easier to deploy complex applications while opening the door to cross-chain opportunities.
“Movement Network Public Mainnet is the first Move blockchain to settle on Ethereum and aims to provide high TPS, enhanced security and near-instant finality. »
Additionally, with its EVM interpreter, Ethereum developers can easily port their existing applications to Movement without rewriting code in Move.
Movement triggers its MOVE token and announces the drop
On November 25, the Movement Foundation announced a significant step in its development. Well, this oneis preparing to launch its own MOVE token.
“Today we’re unveiling MOVE! MOVE is a Movement utility token. It will serve to achieve the goals of the Movement Network Foundation. »
Ahead of the token generation event that will be held on Ethereum, the foundation revealed details about the MOVE token’s tokenomics. Unsurprisingly, this token will allow its holders to participate in protocol management and will also act as a gas token on L2.
It will therefore have a maximum supply 10 billion tokens. These tokens will be distributed as follows:
- 10% distributed to the community via airdrop;
- 40% allocated to the community fund;
- 10% for the foundation;
- 22.5% for first time investors;
- 17.5% for the first contributors to the project.
You got it, users Movement and its test network will have the pleasure of receiving an airdrop at the time of token launch. More details on eligibility and distribution terms are expected to be released in the coming weeks.
Whether it lives up to expectations remains to be seen. In fact, Movement won’t be the first L2 to drop a In retrospect, several of these L2 airdrops were successful.
