Movement Network (MOVE) is an Ethereum Layer-2 blockchain that enhances scalability and security. It uses the Move programming language, developed by Meta, to offer high transaction throughput and near-instant finality.
MOVE is the native utility token of the Movement Network ecosystem. It serves several functions:
1. MOVE Staking Rewards: Validators earn MOVE tokens for securing the network.
2. Gas Fees: Users pay transaction fees on the network using MOVE.
3. Governance: Token holders participate in decision-making processes.
4. Collateral and Payments: MOVE facilitates various applications within the network.
In December 2024, Movement Network launched its mainnet beta and distributed 1 billion MOVE tokens through an airdrop to early users. Major exchanges like KuCoin support MOVE trading.
By integrating Move's security features with Ethereum's ecosystem, Movement Network aims to provide a more efficient and secure platform for decentralized applications (dApps).
