Key Points
- MOVE recorded an enormous success following yesterday’s launch on Binance and different exchanges.
- MOVE is the most important Binance Hodler Airdrop undertaking to this point, with token rewards of 20 million MOVE.
Movement (MOVE) noticed an enormous first day after Binance introduced its launch because the third Airdrops Portal undertaking on December 9.
MOVE’s Market Cap Surpassed $3 Billion Hours After Launch
MOVE was listed by Binance yesterday at 13:00 (UTC) with Seed Tag utilized, and the alternate opened buying and selling for 5 pairs together with MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD, and MOVE/TRY.
Yesterday, the coin’s worth fluctuated between $0.6 and round $0.7 after launch, however at this time, the token kicked off a formidable worth rally from round $0.75 to over $1.4 earlier.
After reaching this high, the token noticed a short-lived correction beneath $0.1, simply to bounce again above $1.37 shortly after.
MOVE debuted yesterday with a market cap of $1.4 billion, and reached $3.15 billion earlier at this time. At the second of writing this text, MOVE is buying and selling at round $0.72, up by 17% within the final 24 hours, and the token has a market cap of $1.63 billion.
The 24-hour quantity for MOVE is at the moment near $7 billion. The coin’s complete provide is 10 billion MOVE tokens, and the circulating provide is 2.25 billion MOVE tokens.
MOVE – Binance’s Biggest HODLer Airdrop Project
MOVE is the most important Binance HODLer Airdrops undertaking with airdrop token rewards of 20 million tokens, representing 2% of the utmost token provide.
Binance customers who stake MOVE can get airdrops. Users who don’t have a Binance account can create one here, and be a part of the HODLer Airdrop.
What is Movement (MOVE)?
Movement is an L2 answer created utilizing MoveVM, aiming to supply builders a robust, environment friendly, and scalable platform to create the next-gen dApps.
The Movement Foundation is the driving pressure behind the Movement ecosystem, as revealed by the official web site of the undertaking and it’s devoted to the next targets:
- Fostering innovation
- Supporting builders
- Advancing the adoption of MoveVM expertise
Movement Labs revealed the official whitepaper of the undertaking on November 21, 2024: “Move Stack Chains: A Network of High-Throughput Fast-Finality Move-Based Rollups Secure4d by Ethereum Version 0.2.5”
Move Stack Chains
The whitepaper’s Abstract addresses the introduction of Move Stack Chains – a safe and scalable community of Move-based rollups secured by Ethereum that deal with the necessity for safer execution environments.
Move Stack, a modular framework for creating extremely customizable Move Rollups, is on the core of this community.
The Movement Network revealed the finest options of Move Stack as follows:
- Move Executor: A high-throughput execution layer with MoveVM, parallel execution, and EVM compatibility
- Fast-Finality Settlement Mechanism: This achieves affirmation in seconds, by leveraging financial safety from a community of validators, sustaining Ethereum’s safety
- Modularity: Integration with a number of DA providers and sequencers; builders also can go for validity or optimistic rollup configurations to attain the very best Ethereum safety
The whitepaper’s Abstract additionally mentions Move Arena – a fancy infrastructure that integrates Move Stack Chains with the undertaking’s providers, enabling an ecosystem of next-gen interoperable rollups.
Rollups profit from DSS – the decentralized shared sequencer community, which permits the next:
- Enabling seamless cross-rollup interoperability
- Enhancing censorship resistance
- Eliminating single factors of failure
DSS is safe through the multi-staking mechanism that:
- Brings financial safety throughout Move Stack Chains and past
- Minimizes the infrastructure necessities
- Maximizes the sovereignty of every Move Rollup
Yesterday, the staff behind the undertaking shared a message through X, highlighting their pleasure to see how the Movement group will information the community and produce Move’s superior safety ensures to Ethereum.
