The information about the Movement (MOVE) token is gathered from various posts on X and web sources. MOVE is a token launched on the Ethereum blockchain, specifically as an ERC-20 token, with its Token Generation Event (TGE) marking its introduction. It serves as the native utility token for the Movement Network, an ecosystem of modular Move-based blockchains designed to enable developers to build secure, performant, and interoperable blockchain applications. The Movement Network is notable for being the first Move-EVM Layer-2 (L2) solution for Ethereum, bridging the gap between the Move programming language—originally developed by Meta for secure smart contract execution—and the Ethereum Virtual Machine (EVM) ecosystem.

The token has a total supply of 10 billion MOVE tokens, with an initial circulating supply of approximately 22.5% at launch. MOVE is multifunctional within its ecosystem, used for paying transaction fees (gas), staking to secure the network, and enabling governance participation, allowing holders to vote on protocol upgrades and community proposals. A significant portion of the token supply—60%—is allocated to the community and ecosystem initiatives, reflecting a community-driven approach. This allocation includes incentives like airdrops and staking rewards, though team and investor tokens are subject to a 60-month unlock schedule and cannot be staked at launch. Following the public mainnet launch, MOVE holders will be able to bridge their tokens from Ethereum to the Movement Network.

The Movement Network, developed by Movement Labs, leverages the Move programming language’s security features, such as formal verification to prevent vulnerabilities like reentrancy attacks, alongside Ethereum’s robust network effects. It aims to offer high transaction throughput, near-instant finality, and modular rollups tailored for specific applications like DeFi, gaming, and supply chains. Supported by prominent investors such as Polychain Capital, Binance Labs, and Hack VC, the project also provides developer tools like the Movement SDK and CLI to facilitate building on the platform. The vision extends to fostering a sustainable, interoperable blockchain ecosystem that connects Move and Ethereum, empowering developers with flexible and secure tools for decentralized application development.